Finacity Corporation (Finacity), part of the Greensill family of companies, announced that it has facilitated a €15m receivables financing facility for Wiko Mobile, a rapidly-growing maker of smartphones in Europe. The new facility provides additional financing for the company’s repositioning and development program in Europe.
Finacity provided origination, analytic and structuring support.
The program is funded through Edebex platform, an innovative alternative to financial credit and traditional factoring.
About Wiko Mobile
Wiko, the global mobile brand, was founded in 2011 in Marseille in the South of France. Today it operates in over 30 countries around the world and ranks among the top four smartphone brands in Western Europe. The company has a growing international presence in Asia, Africa, Middle East and in the US.
