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The European Bank for Reconstruction and Development (EBRD) is providing €60m in financing to OTP Banka in Serbia. As part of the financial package, €10m will be lent through the EBRD’s small and medium-sized enterprise (SME) Go Green programme that is supported by the European Union (EU).
19/12/2023
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Lending to small and medium-sized businesses (SMEs) has fallen 20 per cent in its fifth consecutive quarterly drop, according to UK Finance’s latest Business Finance Review which reports on the finance needs of small and medium-sized enterprises (SMEs) in the third quarter of 2023.
19/12/2023
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France-based Tesselate and India’s Impactsure have announced a partnership set to reshape the landscape of data-driven decision-making in corporate banking, trade, and supply chain finance.
19/12/2023
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The European Bank for Reconstruction and Development (EBRD) has launched a risk-sharing framework for Kosovan banks, with ProCredit Bank Kosovo (PCBK) the first to sign up as a partner bank.
19/12/2023
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Alternative Payments, a fully integrated B2B payments and checkout infrastructure company, is excited to announce the launch of its groundbreaking product: Collections Assist. This new product aims to streamline and enhance the accounts receivable collections process for services companies across the United States.
19/12/2023
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The Swiss credit fintech Teylor and Deutsche Bank-backed digital asset custody tokenisation provider Taurus launch the Teylor ledger-based security, aiming to make SME credit accessible as an asset class. Teylor originates and manages SME loans through its Teylor credit platform.
18/12/2023
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An alternative financing institution Carbyne Capital Investments has unveiled is new online factoring platform called Experience Carbyne, which will be accessible to businesses come the end of January 2024, Jamaica Observer reports.
18/12/2023
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Following an all-night discussion, negotiators from the EU Council and Parliament reached a compromise on the Corporate Sustainability Due Diligence Directive (CSDDD) on Thursday, December 14.
18/12/2023
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Director-General Ngozi Okonjo-Iweala and International Finance Corporation Managing Director Makhtar Diop launched at the WTO on 13 December a co-publication titled “Trade Finance in the Mekong Region” to underline how an expansion in trade finance could further increase the region’s participation in world trade.
18/12/2023
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01Fintech, a growth stage private equity firm founded by former Ant-Group executive and specialising in financial technology in Southeast Asia, today announced a significant US$20m investment in Validus, a market-leading small-and-medium-enterprises (SME) supply-chain financing platform with operations in Indonesia, Singapore, Thailand and Vietnam.
18/12/2023
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Blackstar Capital, a leading provider of invoice financing to businesses, today announced that it has secured US$1bn in funding to support government contractors and subcontractors. The funding will be used to provide working capital solutions to businesses that provide services to the government, both prime contractors and subcontractors.
15/12/2023
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Finacity Corporation (Finacity) announced that it has successfully launched a trade receivables securitisation for Laboratorios Sanfer, S.A. de C.V. (“Sanfer”). The transaction amount is MXN 1bn (US$58m), it has a 5 year tenor and is being funded by a Mexican bank. The transaction includes most of the trade receivables originated by Sanfer in Mexico. Finacity acted as the structuring agent providing structuring and execution support and is responsible for ongoing program administration and reporting.
15/12/2023
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The British Business Bank has launched an asset-based lending variant of the Recovery Loan Scheme.The asset-based lending variant aims to broaden the support available for small businesses in the UK to access finance through the Recovery Loan Scheme, making use of a broad range of business assets.The new Recovery Loan Scheme asset-based lending variant joins the existing term loan, revolving credit facility, invoice finance and asset finance variants, designed to support access to finance for UK businesses as they look to invest and grow.
15/12/2023
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In 2022, quite unexpectedly, the factoring industry in Serbia recorded an impressive growth in turnover of nearly 55 per cent compared to the previous year, and nearly 70 per cent compared to the pre-pandemic year 2019, said
15/12/2023
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Leading invoice finance and ABL platform Dancerace has welcomed industry veteran Nick Rees (pictured) to its’ global management team, to help chart the company’s growth as it delivers its new technology roadmap for lenders.
15/12/2023
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