LOS ANGELES, Feb. 14, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Global Payout, Inc. (OTC PINK:GOHE) subsidiary SecurCapital Corp has received an official Letter of Intent ('LOI') from a global contractor in Virginia. SecurCapitalwill provide the customer supply chain financial services globally throughout a two-year engagement.
"Due diligence is concluded and indicative of a potential funding opportunity by the end of February when transactions will begin," said SecurCapital CEO, Stephen Russell. "What is significant about this revenue event is that it is a function of an innovative approach to producing securitized debt of high value and attractive credit quality," he continued. Russell further notes that additional opportunities of similar financing scale and quality with this client and other customers within this vertical market are forthcoming. "We're very excited to have secured this LOI which launches us into a very attractive marketplace," he said.
"SecurCapital is focused on both traditional and non-traditional fintech innovative solutions for its clients," said Global Payout CEO, James Hancock. "This conforms with Global Payout's strategic focus on underserviced financial markets."
The SecurCloud Platform ('SCP') developed by SecurCapital is a fully configurable, "banking-in-a-box" cloud-based customer solution offering trade receivable securitization, structured non-traditional financing, global payments, foreign exchange processing, enhanced security, advisory supply chain services, M&A, insurance and strategic global partnerships.
About Global Payout, Inc. (OTC PINK:GOHE)
Since the Company's inception in 2009, Global Payout, Inc. has been a leading provider of comprehensive and customized prepaid payment solutions for domestic and international organizations distributing money worldwide. In 2014, Global introduced its first online payment platform called the Consolidated Payment Gateway (CPG), which allowed its enterprise clients to transfer money to international bank accounts, mobile accounts, and prepaid card accounts. The development of the CPG became the foundation for the introduction of its new, state of the art FINTECH payment system in 2017, for both online and mobile applications to allow account holders to maximize an expanded suite of financial services and minimize operational costs. Global will continue to offer their FINTECH payment system to many vertical markets for support of foreign currency exchange and digital currency, including ongoing support of the banking industry and international governments.
About SecurCapital Corporation
SecurCapital is a Fintech supply chain finance company offering premier payment and working capital solutions for the logistics industry. The SecurCloud Platform ('SCP') provides an integrated system for global payments, foreign exchange, and accounts receivable financing services through a proprietary ecosystem controlled by the client. The dashboard user environment allows the client to optimize cash flow management through document delivery of invoices, proof of delivery, and payment transactions to global vendors.
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Global Payout, Inc. www.globalpayout.com
SecurCapital Corp www.securcapital.com
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