|By PR Newswire||
|April 7, 2014 02:16 PM EDT||
ISLANDIA, N.Y., April 7, 2014 /PRNewswire/ -- RMP Capital Corp and Celtic Invoice Discounting Limited today announced a joint venture to provide purchase order financing and receivables factoring services to small and medium-sized businesses facilitating trade between the USA and Ireland.
The joint venture combines two seasoned factoring operations and the expertise of RMP Trade Credit to provide receivables factoring and purchase order financing for SMEs exporting goods worldwide through the member companies and joint funding of transactions.
The joint venture will operate under the name RMP Celtic and will be incorporated in Ireland and be based out of RMP Capital Corp and Celtic Invoice Discounting Limited existing offices in Islandia, New York, USA and Dun Laoghaire, Co. Dublin, Ireland, respectively.
'This alliance opens up massive potential for Irish businesses selling to North and South America, and introduces unique opportunities for US clients to enter in to mainland Europe, Ireland, and Eastern Europe. Celtic will be the first Irish provider to open this pathway for Irish SME' s exporting to the vast continent of South America and this will provide many exporters here with hugely lucrative opportunities' commented Rita O'Brien, Director of Celtic Invoice Discounting. "This is an exciting partnership with great people and fits well with RMP Capital Corp's existing strategy for international expansion which will continue to develop throughout 2014 and beyond," commented Jim DiCamillo, Executive Vice President for RMP Capital Corp.
RMP Celtic will offer recourse factoring services and purchase order financing to the SME market and will carry the joint venture brand as well as the members own established branding in their home markets. Markets include the European Union, United Kingdom, Canada, United States, and Dominican Republic with potential for future expansion. The joint venture will work closely with export organizations to market much needed financing options and expertise seeking to export goods and services. "This joint venture will facilitate trade for SMEs located in the United States and Canada exporting goods and services to Ireland and Europe and for the United States' 15th largest importer of goods to the United States as well as exports going to Canada and the Dominican Republic. Many SMEs avoid the very lucrative export market due to funding constraints, lack of knowledge regarding the process, or fear of the credit quality of their customers," commented Matthew Davis of RMP Capital, "RMP Celtic will provide best-in-class funding solutions and advising services to its client base."
Ireland is the United States' 14th largest importer of goods and the United States is Ireland's largest export market with $31.6 million in goods and services exported from Ireland in 2013. The United States is Ireland's top importer of goods and the United States' 39th largest export market.
About Celtic Invoice Discounting Limited
Celtic Invoice Discounting is the longest established independent invoice discounter in Ireland. Between Ireland and England the concept of transactional based invoice funding is unique and one in which Celtic has become a specialist provider. With offices in Dublin, Mayo and Offaly, Celtic provides instant turnaround on receivable finance for their Irish clients.
About RMP Capital Corp
RMP Capital Corp is an international provider of factoring solutions for small to medium sized businesses, public works contractors, Rediscounting lines of credit to independent factoring companies, and Import-Export Factoring worldwide. Its headquarters is located on Long Island, New York with offices in Florida, Massachusetts, Michigan, Pennsylvania, and Texas as well as established presence in the United States, Canada, and Dominican Republic.
Rita O'Brien, B.L., Director
Celtic Invoice Discounting Limited
Tel: +353 (01) 2300866
Email: [email protected]
Matthew Davis, Director
RMP Capital Corp
Tel: +1 (631) 738-0047
Email: [email protected]
SOURCE RMP Capital Corp.
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discussed how businesses can gain an edge over competitors by empowering consumers to take control through IoT. He cited examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He also highlighted how IoT can revitalize and restore outdated business models, making them profitable ...
Jul. 29, 2016 10:15 PM EDT Reads: 2,058
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
Jul. 29, 2016 10:00 PM EDT Reads: 1,273
Jul. 29, 2016 09:45 PM EDT Reads: 1,484
Jul. 29, 2016 08:00 PM EDT Reads: 2,744
Jul. 29, 2016 07:45 PM EDT Reads: 1,172
Jul. 29, 2016 06:15 PM EDT Reads: 952
Jul. 29, 2016 06:00 PM EDT Reads: 923
Jul. 29, 2016 05:15 PM EDT Reads: 386
Jul. 29, 2016 05:15 PM EDT Reads: 985
Jul. 29, 2016 04:45 PM EDT Reads: 1,247
Jul. 29, 2016 04:15 PM EDT Reads: 1,082
Jul. 29, 2016 04:15 PM EDT Reads: 449
Jul. 29, 2016 04:15 PM EDT Reads: 408
Jul. 29, 2016 03:15 PM EDT Reads: 668
Jul. 29, 2016 03:00 PM EDT Reads: 472