Sellers own receivables, such as an invoice for products or services rendered, a payment due under a government contract, or the proceeds of a tax refund owed. An SPV buys them, funded by institutional partners through debt, equity or both. Sellers gain working capital through a sale, not a loan, and without dilution. Intero's experienced team services each transaction end to end, from intake to settlement.
Team experience. Transactions, volume and businesses reflect what members of the Intero team have executed and managed over their careers, including at prior firms.
SellerOwns the receivable and sells it to the SPV, receiving cash now.
SPV · BuyerPurchases the receivable and holds it to settlement, where the return is realized. Intero services every stage.
Funding partnersFund the SPV through debt, equity or both.
Structured as a sale, with existing lender consent where required
Ownership and governance unchanged
Credit assessed on the obligor
Approved obligors, sold as you invoice, within agreed limits
Obligors approved against criteria agreed with each funder
Each purchase is structured as a true sale
Fund the SPV through debt, equity or both
Proprietary platform built to SOC 2 criteria
We structure around the obligor rather than any single sector.
Business to business. Invoices owed to companies by their commercial customers for goods and services supplied.
Due from government. Payments owed to companies under government contracts, and the proceeds of tax credits and refunds.
We screen against criteria agreed with the funder.
We assess obligor credit and transaction risk.
The SPV purchases the receivable.
We track and report to settlement.
The receivable settles to the SPV, where the return is realized.
Whether you are evaluating a receivables program or a partnership, our team will respond directly.