ICG Acquires Stake in Finance Site
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Specific financial terms were not disclosed.
eCredit.com is the market leader in connecting businesses to financing partners and global information sources to permit real-time, credit and financing decisions. Its global financing network is the first Internet-based integrated financial transaction-processing platform capable of consummating transactions online in real time.
ICG (ICGE) will use eCredit.com's technology to allow its partners and other businesses to offer a variety of online payment options such as trade credit, leases, loans and other financing alternatives.
"eCredit.com's ability to cut processing time for credit and financing applications, by providing direct links between businesses and financial institutions, makes it a market leader in the e-commerce financial services industry."