Armada Mercantile Ltd., (Symbol: CSE: ARM and OTC: AAMTF) launched its commercial finance factoring and supply chain business in January 2018. During this time, we have seen a steady increase in month-over-month (MoM) growth from the previous month’s invoice portfolio size and discount fee income. The key statistics below are important points of financial data that provide a quick view of our factoring and supply chain transaction history including a record high in the total invoice portfolio (revolves on a daily basis) and fee income as well as the total collected invoices and discount fee income.
- The total revolving invoice portfolio has grown to approximately US$21,000,000 since January 2018.
- The total collected invoices has grown to approximately US$202,000,000 since January 2018.
- The total commercial finance discount fee income has grown to approximately US$6,300,000 since January 2018.
- The total fully paid invoice count has grown to approximately 11,148 since January 2018.
For more information pertaining to Armada Mercantile Ltd., visit: www.armadamercantile.com.