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In order to provide invoice finance via its online comparison platform, UK-based ABC Finance has partnered with Uswitch.
30/10/2023
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The UK start-up multifi, specialising in finance for small and medium-sized businesses, has secured a capital injection of £10m from Fasanara Capital, a US$4bn London-based asset manager and technology platform. The initial injection will support the growth of businesses across the UK.
30/10/2023
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Lenvi, the leading provider of commercial lending software and solutions to the factoring and receivables finance market, has been appointed by BNP Paribas, to support its European risk management and operations functions through its risk management software Riskfactor.
30/10/2023
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Small business owners are more optimistic about the future than they were a year ago, with slightly more than half (54 per cent) saying their business is financially healthy, but inflation is still having a negative effect. According to the J.D. Power 2023 US Small Business Banking Satisfaction Study,SM released yesterday, banks are doing a better job of helping small businesses navigate this complicated set of market conditions with improved digital tools and more supportive telephone service and small business relationship managers.
27/10/2023
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The Cypriot economy proved to be resilient in 2022, despite the many challenges of a global nature, which include successive years of supply-chain disruptions and suppressed economic activity caused by the Covid-19 pandemic, followed by the devastating war in Ukraine, which resulted in soaring inflation and high energy prices, said Afroditi Stavraki, Senior Risk Officer, Hellenic Bank Public Co.
27/10/2023
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Contour network stops operating on 30th of November, after being unable to raise new funding. This info was sent to its members today, in a memo, according a press release of GTR. Till the end of November, each user should be able to download all necessary information and close or migrate the current business.
27/10/2023
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Supply chain finance (SCF) fintech Twinco Capital announced on Tuesday, in the sixth edition of the Valencia Digital Summit (VDS), it has secured an additional €50m facility with BBVA Spark to accelerate growth.
27/10/2023
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26/10/2023
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To facilitate increased access to financing for small and medium-sized enterprises (SMEs) in South Africa, including women-owned businesses, IFC today announced a loan to FirstRand Bank, which will support businesses in the agriculture, services, trade, construction, hospitality, and other sectors in the country.
26/10/2023
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Time Finance is welcoming Karen Blanchard (pictured) to its invoice finance team as a Relationship Executive.Karen brings over 40 years of experience in the financial services industry. During her time as an Accounts Assistant for Tower Cold Chain and Purple Turtle, Karen developed her skill set and expertise in account reconciliation, relationship building and credit management.
26/10/2023
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Indian fintech, supply chain finance and working capital provider CredAble, has successfully launched its first commercial paper programme through its NBFC (Non-Banking Financial Company), Equentia Financial Service Private Limited, raising INR 20 crores (US$2.4m).
26/10/2023
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According to a press release, on 26 September 2023, Thorn Group Limited (Thorn) has announced that they signed an agreement with TIM Finance Pty Ltd trading as OptiPay (OptiPay), a leading Australian financial services company. Based on this agreement, Thorn agreed the sale of Thornmoney’s debtor finance receivables (portfolio sale) to OptiPay. However, not all receivables were sold, some were excluded from the sale.
26/10/2023
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Ultimate Finance, the asset-based finance provider, has welcomed six new Relationship Managers to its team across the country. The new hires are part of the lender’s commitment to offer a regional service model that continues to meet the needs of its clients and introducers.Daniel Iwanczuk joins the Midlands team this month and he follows Eve Waterman, Dawn Brown, Deborah Dewell, Rachel Goodfield and Ralph Redpath, who also joined the lender’s relationship team this year and together they bring excellent asset-based lending industry knowledge and experience.
25/10/2023
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Reward Finance Group, which provides SMEs with tailored business finance loans and asset-based solutions of up to £5m, has secured an additional £50m to its credit line from the alternative investment manager, Foresight Group. The opportunity will enhance its lending capabilities, fostering further business growth.
25/10/2023
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DBS today announced a first-of-its-kind hybrid financing solution to help small and medium enterprises (SMEs) access a wider pool of capital to finance their sustainability journeys. The DBS Eco Renovate Loan enables SMEs to borrow up to 100 per cent of the cost of using resource efficient or energy optimisation solutions for a green renovation, at preferential rates. Companies can also choose to bundle the loan with a traditional commercial loan[1]to finance their total renovation needs.
25/10/2023
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