Portfolio » Receivables Exchange

CEO

Justin A. Brownhill

Justin A. Brownhill is co-founder and chief executive officer of The Receivables Exchange, the world's first online marketplace for working capital financing. Named the most innovative e-commerce company in the world for 2010 by The Wall Street Journal, The Receivables Exchange is revolutionizing working capital management for companies of all sizes. For his vision in founding the Exchange, Brownhill has earned accolades from major news outlets and business organizations, including Institutional Investor (as a "Top 50" financial technology disruptor for 2011 and a "Top 40" innovator for 2010), Business Insider's "Silicon Alley 100", Ernst & Young, and the American Business ("Stevie") Awards (for 2011 "Management Team of the Year").

Brownhill is a respected executive and strategic advisor to the capital markets, financial services and software sectors. Prior to founding The Receivables Exchange, Brownhill was a managing director at Citigroup's Corporate and Investment Bank, involved with Citigroup's Institutional Trading Technology, Market Structure and Exchange Strategy teams. Prior to that, he was an executive at Lava Trading, a groundbreaking global equities and foreign exchange trading technology company, where he was instrumental to its acquisition by Citigroup in 2004. Previously, he was an investment banker in the Financial Institutions practice at Donaldson, Lufkin & Jenrette (DLJ), Union Bank of Switzerland (UBS) and Salomon Brothers.

Brownhill graduated with a Bachelor of Commerce with distinction from the Faculty of Management at the University of Calgary, Canada. A swimmer at an international level, he captained his national championship varsity team. He is a founding member and former chairman of Minds Matter of NYC, Inc., a volunteer organization helping inner-city high school students expand educational horizons.

Details

Sector(s):

Data as a Service, SaaS

Status:

  Private

StarVest Company Since:

October 2011

In October 2011, StarVest joined an investment team of the New York Stock Exchange Euronext (NYSE), Bain Capital and Redpoint.

Company Founded:

2007

Contact Info

Headquarters

935 Gravier Street, 12th Floor
New Orleans, LA 70112
Phone: (504) 208-1924
Fax: (504) 566-8993

New York Office

437 Madison Avenue, 28th Floor
New York, NY 10022
Phone: (212) 715-0582
Fax: (212) 715-0580

News

Trade Finance Magazine Features Corporate Receivables Program

02.27.2012

Trade Finance magazine says TRE is “delivering a more efficient working capital financing tool through which corporates can access short term funding.

The Economist Covers TRE as an Innovation in Business Financing

02.24.2012

The Economist focuses on The Receivables Exchange as a key innovation in business financing, enabling buyers to "make judgments on individual debtors and diversify their holdings" while helping companies get the funding they need.

The Receivables Exchange Presents Webinar with Ami Kassar of MultiFunding on Feb. 28

02.20.2012

The Receivables Exchange will host a webinar on Tuesday, February 28, 2012, featuring Ami Kassar, CEO and Founder of MultiFunding, who will present alternative financing methods that can be more flexible and affordable than banks.

The Receivables Exchange Presents Webinar with Business Finance Magazine on February 16

01.31.2012

The Receivables Exchange will host a webinar on Thursday, February 16, 2012, featuring Kayle Neeley, Owner and President of the EZ Payroll & Staffing Group of Companies, who will present an innovative receivables-based approach to cash flow management.

The Receivables Exchange Presents Business Financing Webinar on January 31

01.26.2012

The Receivables Exchange will host a webinar on Tuesday, January 31, 2012, featuring Joseph Romano, Partner at Presti & Naegele Accounting Offices. In this one-hour live webinar, Romano will discuss the strategic benefit of having a “cash cushion” for your business, and offer tips for building a cash reserve.

The Receivables Exchange Funds Over $1 Billion to Small and Medium-Sized Businesses

01.05.2012

The Receivables Exchange, the leading online marketplace for U.S. receivables sales, today announced that since inception it has funded over $1 billion to small and mid-sized businesses (SMBs). This milestone indicates that businesses are employing The Receivables Exchange’s working capital marketplace as a proven alternative to traditional lines of credit.

The Receivables Exchange Announces Strategic Alliance with Insperity

12.28.2011

The Receivables Exchange, the leading online marketplace for U.S. receivables sales, today announced a strategic alliance with Insperity (NYSE: NSP), a leading provider of human resources and business performance solutions for America’s best businesses.

Justin A. Brownhill of The Receivables Exchange Elected to Board of Association of Trade & Forfa

12.13.2011

The Receivables Exchange (TRE), the leading online marketplace for U.S. receivables sales, today announced that its co-founder and CEO, Justin A. Brownhill, has been elected to the Board of Directors of the Association of Trade & Forfaiting in the Americas (ATFA).

The Receivables Exchange Presents Free Business Financing Webinar on December 13

12.08.2011

The Receivables Exchange will host a free webinar on Tuesday, December 13, 2011, "Bank Loan Covenants:  What You Need to Know Before You Sign” with Charles Green.

The Receivables Exchange Appoints Corey B. Davis as Vice President of Business Development

12.05.2011

The Receivables Exchange (TRE), the leading online marketplace for U.S. receivables sales, today announced the appointment of Corey B. Davis as Vice President of Business Development.

More News from Receivables Exchange »

Blog

CRP Team Rings Closing Bell at NYSE

09.13.2011

Watch representatives from The Receivables Exchange and NYSE Euronext ring the Closing Bell to celebrate the launch of the Corporate Receivables Program (CRP):   http://blog.receivablesxchange.com/blog/bid/43320/CRP-Team-Rings-Closing-Bell-at-NYSE Tweet     Add to delicious ...

TRE Launches Strategic Initiative with NYSE Euronext

09.13.2011

Today The Receivables Exchange announced a joint strategic initiative to market our Corporate Receivables Program (CRP) to potential sellers, including New York Stock Exchange-listed companies. Under terms of the arrangement, the NYSE has acquired a minority ownership position in TRE. The launch of this program with NYSE Euronext is a significant milestone for The Receivables Exchange, and it provides further validation of the power of our business model. Scott Cutler, NYSE Euronext Executive Vice President and Head, NYSE Listings, summed up the significance of the initiative: "We are proud to partner with...

AVC on Working Capital Financing

08.29.2011

The blog "AVC," which is written by venture capitalist Fred Wilson, principal of Union Square Ventures, has a helpful -- though ultimately incomplete -- post about working capital financing for small and midsize firms. The post gives us a simple definition of what working capital is (current assets minus current liabilities), and to illustrate when working capital financing is often necessary, it uses the example of a manufacturer of iPad stands whose business looks great on paper but whose cash situation is actually "horrible" because it will have to wait 60 to 90 days to collect on sales. The...

Receivables Exchange Partners with NetSuite on Product Integration

08.22.2011

The Receivables Exchange announced today that we have partnered with NetSuite to integrate our two business solutions. Together we released a new receivables financing SuiteApp for NetSuite's SuiteCloud Computing Platform. Starting today, NetSuite users will be able to access TRE through the new SuiteApp. Users can download their invoices in a standardized and automated fashion, enabling the bulk uploading of invoices. This will help TRE Sellers who use NetSuite sell receivables more efficiently. This is TRE’s first strategic partnership with an accounting software provider, now enabling the Exchange to be at...

Small Business Tip: Under Promise, Over Deliver

07.18.2011

There's an interesting column in today's Wall Street Journal from small business expert Mike Michalowicz that claims to have the secret to earning loyalty -- not merely satisfaction -- from your customers. Michalowicz calls it the "under-promise, over-deliver" method, or UPOD for short. Here's how it works: If you deliver to your customers exactly what you promised you'd give them, then they'll be satisfied by your service, but they won't be "wowed" by it. You've set an expectation, and you've met that expectation. You haven't exceeded it, which is how to earn loyalty. To consistently exceed your...

Free Webinar on SBA Loans

07.15.2011

There's still time to register for The Receivables Exchange's free webinar on SBA loans -- one of the best ways to get capital for your small or midsize business. The webinar, scheduled for July 28th at 2 p.m. ET, will be conducted by veteran banker Charles Green, noted expert on business financing and author of The SBA Loan Book (Adams Media). Sign up for the webinar today and learn: The many options available under the SBA financing programs and how to determine...

Receivable Terms Lengthening for SMBs

07.13.2011

New numbers from the National Federation of Independent Businesses paint a frustrating picture for small businesses' working capital management. USA Today reports: Nearly 40% of firms surveyed by the National Federation of Independent Business said "receivables," or money that customers owe, are coming in at a slower pace, new NFIB data show. The article goes on to say that the manufacturing, retail and wholesale industries are bearing the brunt of these ever-lengthening payment terms. Manufacturers with less than $10 million in annual revenue received payments an average of 48 days after invoicing their customers,...

Receivables Exchange Co-Founders Named Top Financial Technology "Disruptors"

07.11.2011

The Receivables Exchange co-founders, Justin Brownhill and Nic Perkin were named to Institutional Investor magazine’s annual “Tech 50” List, which honors the most “disruptive” figures in the financial technology sector. This marks the second time the duo has been named to the publication's list of leading technology innovators. Institutional Investor called The Receivables Exchange a “classic example of financial technology entrepreneurship,” which has brought efficiency and transparency to the business receivables marketplace. The list will be published in five installments throughout the week. It honors financial technology disruptors who are “eager to make innovative leaps to...

The Receivables Exchange Wins Stevie Award

06.22.2011

The Receivables Exchange won "Management Team of the Year" at the 2011 American Business Awards, also known as the Stevies, which were presented on Mondayat a gala dinner at the Marriott Marquis Hotel in New York City. Our CEO and Co-Founder Justin Brownhill accepted the award on behalf of the entire team of TRE employees. Later, Justin reflected on the significance of the award: “The ‘Management Team of the Year’ award is a testament to the ongoing commitment, innovation and hard work of the entire Receivables Exchange team. Recognition from the nation’s premier business awards program affirms the tremendous value our...

Exchange Named Triple Finalist for American Business Awards

05.17.2011

Last week we received some good news that our working capital marketplace has been selected as a finalist for the 2011 American Business Awards in two categories, with a double nomination in one category. The Exchange’s Commercial Receivables Paper (CRP) Market and Invoice Import System are both finalists for “New Product or Service of the Year,” and the company’s management team is a finalist for “Management Team of the Year.” We consider it a great honor, and further proof that our flexible, affordable financial solution is becoming a mainstream choice for businesses. Our CEO and co-founder, Justin...

More Blog Entries from Receivables Exchange »

Tweets

05.10.2012 (8 days ago)

receivables: 10 Critical Social Media Tips for Advisors: http://t.co/1Cy9p7l3 | Read more...

05.07.2012 (11 days ago)

receivables: Groupon tightens its payment terms with merchants | VentureBeat: http://t.co/H5O1uh31 | Read more...

05.07.2012 (11 days ago)

receivables: The Path from a Social Brand to a Social Business http://t.co/7HcR5rX8 | Read more...

05.07.2012 (11 days ago)

receivables: RT @USA_Internship: #Law #Internship Legal Internship: The Receivables Exchange - New York City, NY - Legal Intern... http://t.co/mgcUcT ... | Read more...

05.01.2012 (17 days ago)

receivables: RT @btobmagazine: Lead generation: Are we entering a golden age? http://t.co/G0f2cmJN | Read more...

04.27.2012 (21 days ago)

receivables: @KrisRoadruck DM me with your contact info and I will have someone get to you asap. | Read more...

04.27.2012 (21 days ago)

receivables: RT @KrisRoadruck: Apparently there are services that do "Invoice factoring" Basically get paid NOW on invoices from companies with NET 3 ... | Read more...

04.27.2012 (21 days ago)

receivables: RT @JobsDirectUSA: #legal #jobs Legal Internship - The Receivables Exchange - Orleans, NY http://t.co/vsK29d3v http://t.co/olm7MzPs | Read more...

04.27.2012 (21 days ago)

receivables: RT @AmericaHires: #marketing #jobs Marketing Intern - The Receivables Exchange - New York, NY http://t.co/8HV6LmZS | Read more...

04.19.2012 (29 days ago)

receivables: Lending to small and medium-size businesses post recession recovered more slowly in the U.S. than in other countries http://t.co/ljIu64P7 | Read more...

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