LiquidX, the global network for working capital, trade finance and insurance, has secured a multi-year investment with Broadridge Financial Solutions, a global Fintech leader. This enhanced relationship will make Broadridge LiquidX’s largest investor, supporting its continued growth over the next several years. Broadridge also provides LiquidX with strategic operational services for payment processing, account reconciliation, back-up services and global operational scalability. LiquidX and Broadridge will also continue to collaborate on additional strategic opportunities in line with strategy of providing a holistic set of trade finance and working capital solutions.
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“Broadridge and LiquidX have a long-standing relationship and we are very excited to announce the expansion of our collaboration,” said Jim Toffey, CEO of LiquidX. “Broadridge plays a critical role in helping clients transform their businesses by enabling them to optimize efficiency, navigate risk and generate growth. Broadridge’s reliable scalable technology and data solutions help companies solve complex problems and achieve their goals.”
“Broadridge strongly believes in the strategic direction and value proposition of LiquidX and we are excited to extend our strategic and financial relationship,” noted Chris Perry, President of Broadridge. “As a Broadridge-backed company, will be able to leverage Broadridge’s size, scalability and resiliency and our continued investment in innovation to better help its customers with its advanced technology offerings like InBlock and LiquidX 360.”
Product Pipeline
In May, LiquidX launched its next-generation LiquidX 360, a single holistic platform, combining transaction capabilities in accounts receivable, supply chain finance, and trade credit insurance.
In June, LiquidX initiated its LX Partner Program (LPP) to provide white-label technology solutions to trade finance banks. LLP offers a complete turnkey technological, legal, and operational infrastructure.
In August, launched InBlock, a digital asset servicing platform, which ingests and digitizes corporate assets, such as invoices and purchase orders, linking relevant parties via custom workflows for updating, modifying, servicing and analyzing these assets. The InBlock platform offers order management, invoice Management, reconciliation and cash forecasting, empowering the corporate treasurer with automation and industry-leading analytics into the lifecycle of the corporate assets.
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