Founded in 2007 and based in New Orleans, The Receivables Exchange, LLC created and operated one of the first real-time online marketplaces for the sale and purchase of accounts receivable. The platform enabled small and mid-sized businesses (SMEs) to auction their invoices to a global network of institutional investors, providing a flexible and competitive way to access working capital and improve cash flow. The company's mission was to make business financing more efficient and accessible. The Receivables Exchange ceased its operations around 2018.