Intero joins Aqru and Maple, bringing receivables financing on chain

Aqru.ioMaple FinanceIntero Capital Solutions

Tom de la Rue and Darryl Steyn, Co-Founders of Intero, said jointly:

“Intero is passionate about our operational tax credit receivables funding programme. We have worked tirelessly with our partners to build an innovative and scalable advance funding mechanism which allows companies of all sizes across the US to benefit from early advance of their outstanding IRS tax credit refunds. Consequently, these companies are able to access much needed liquidity, at an earlier stage, that can be utilized to quickly strengthen their operations or grow their businesses. By partnering with AQRU as they open the pool on Maple today, we will unlock significant further commercial value in this exciting tax credit receivables ecosystem.”

Philip Blows, Chief Executive of AQRU, said:

“We are proud to join Maple as a Pool Delegate today. With Maple’s lending technology and the added benefit of its marketplace we cut intermediaries and overheads, and provide a leading player in the receivables space with a loan facility. We look forward to inviting risk-off holders of USDC access to a targeted 10% return by depositing into the pool. We were impressed to see that lntero has the necessary origination, credit underwriting and transaction execution expertise to comprehensively underpin the structure of this funding programme. The compelling nature of the opportunity to work in this space with Intero as our borrower was apparent from the outset.”

Sidney Powell, CEO and Co-Founder of Maple Finance, said:

“Receivables financing is one of the oldest commercial finance products and we’re thrilled the pioneering team at AQRU chose our technology to disrupt the status quo. AQRU wanted low-cost, secure loan management and the marketplace to expand volume - we’re proud to be the chosen provider and wish the team every success with the pool.”