The amount of the deal became not disclosed. The Financial Xchange joins the alternative MLF Financial Group of Companies (Maple Life Financial, MLF LexServ, and Maple Life Analytics) and will be placed in the Bethesda corporate office.
The acquisition will enable MLF Financial Group to launch a platform designed to create a concise and systematic approach to assist the multi-billion-dollar strong point finance enterprise within the number one, secondary, and tertiary arena. The Xchange will pass stay later this month and could to start with cognizance on dependent agreement and lottery price streams.
The Financial Xchange public sale-based totally platform will decorate the asset acquisition technique filling gaps in vital regions along with asset get right of entry to, fraud prevention, transparency, and verifiable excellent execution.
Financial Group Acquires The Financial Xchange
The Financial Xchange is thrilled to enroll in MLF Financial Group to release a modern platform designed to create a concise and systematic approach to assist the multi-billion-dollar uniqueness finance industry inside the number one, secondary, and tertiary arena.
MLF Financial Group, an industry chief within the lifestyles settlements market area, publicizes the acquisition of The Financial Xchange which brings broader access, transparency, and transactional efficiency to the established coins glide asset elegance.
The Xchange will pass live later this month and will to start with attention on dependent settlement and lottery charge streams. This coins float section is an over $1 billion niche annual market inside the typical dependent coins drift space. Specialty Finance presently represents an over $one hundred billion marketplace whose large variety of individuals encompass: banks, coverage agencies, RIA’s, approved traders, own family offices, endowments, hedge, and pension funds. The Financial Xchange public sale-based totally platform will decorate the asset acquisition technique filling gaps in important areas consisting of asset get admission to, fraud prevention, transparency, and verifiable exceptional execution.
The Financial Xchange joins the alternative MLF Financial Group of Companies (Maple Life Financial, MLF LexServ, and Maple Life Analytics) and will be located inside the Bethesda corporate office.
Commenting on the purchase, MLF Financial Group CEO Nate Evans said, “We are very excited to be coming into the established cash float asset class with the purchase of The Financial Xchange. We believe the Xchange will fill an existing marketplace want in an interesting manner. There are giant leverage possibilities among the supported asset instructions. Integrating FX’s skilled management team and its market converting generation with the existing MLF Financial Group infrastructure and marketplace get entry to will decorate business enterprise boom and profitability in each lifestyles settlements and dependent coins flows.”
The Financial Xchange CEO Benjamin Geber added, “We are thrilled to enroll in MLF Financial Group and their portfolio of groups. Our strategic alignment with MLF will allow us to have an instantaneous impact at the structured/lottery agreement enterprise and fill a void that has existed for many years. The Financial Xchange is poised to leverage its patent-pending generation to provide transparency, performance, and proper marketplace-cost of alternative cash flow property inside an internet marketplace.”