Saturday August 15, 2020

Credebt Exchange increases turnover by €20m as its staff triples

Bulk of its 2015 revenue generated from sale of exchange traded receivables

17th April, 2016

Credebt Exchange, an Irish firm that provides business finance and invoice discounting, increased its turnover by more than €20 million in 2015.

According to the company’s latest accounts, it generated turnover of almost €42.5 million last year, up from just under €20 million in 2014.

A total €40.2 million, the bulk of its 2015 revenue, was generated from the sale of exchange traded receivables, otherwise known as invoices.

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