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“Though robust, the Middle East is still catching up with the more mature factoring and SCF markets” says Latif Sheik, Business Development Manager, Factoring & SCF, Comarch Middle East.
25/10/2023
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Acres SAFI, a Peruvian investment fund, launched Factoring Fast Capital, increasing in this way the invoice finance’s offer for micro and small businesses (mipes) in Peru, according to LexLatin. With the new offering, Acres SAFI is extending their actual investment product portfolio which includes now funds linked to real estate, debt and factoring.
25/10/2023
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Saudi Awwal Bank has partnered with MasterCard to introduce the leading bank’s SME Business credit card to the Kingdom which will help empower local businesses, SMEs, and fintech companies.
24/10/2023
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Capital Corp. ("eCapital") a leading finance provider in North America and the UK, is proud to announce the appointment of David Gladu as President, Head of Factoring Group, North America. In the new role, Gladu will lead the expansion and advancement of eCapital's substantial factoring portfolio and divisional initiatives.
24/10/2023
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BB Energy, a leading global independent energy trading company, has successfully renewed and expanded its senior secured borrowing base credit facility in the Americas. The facility finances the company's working capital needs for inventory and receivables in the region.
24/10/2023
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MTN, Africa's largest mobile network operator, is planning to offer substantial support to SMEs through its MTN Xlerator, MTN South Africa’s enterprise supplier development (ESD) programme that plans to increase its procurement spend by R4bn (US$300m) over two years with 51 per cent black-owned SMMEs.
24/10/2023
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Nationwide E&S/Specialty, a unit of Nationwide Mutual Insurance Co., said it is introducing a specialty division focused on global credit and political risk.
23/10/2023
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Provenir, a global leader in AI-powered risk decisioning software, today announced that Figopara, an online marketplace for invoice financing, has selected the Provenir AI-Powered Risk Decisioning platform to automate decisioning and accelerate its global expansion.
23/10/2023
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Australian SME financier Grapple is launching new AI capabilities and services on its state-of-the-art digital Lendtech platform as it ticks over more than AU$200 million in invoices funded.
23/10/2023
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Blackpool-based Fox Brothers is on the road to growth following a £70m asset-based lending facility from NatWest and HSBC UK.Syndicate bank, HSBC UK, will support increasing the group’s plant hire and haulage fleet, creating a more efficient way to procure assets.
23/10/2023
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African Export-Import Bank (Afreximbank) has entered into a memorandum of understanding (MoU) with the Government of Morocco, represented by the Ministry of Economy and Finance, to develop a US$1bn Morocco-Africa Trade and Investment Promotion programme.
23/10/2023
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DP World has extended its long-standing partnership with pan-African bank, Standard Bank, by concluding a US$365.1m facility agreement.This agreement aims to support its logistics and market access expansion across the sub-Saharan (SSA) region.
23/10/2023
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The DFINITY Foundation, a not-for-profit research and development organisation based in Switzerland and a major contributor to the Internet Computer blockchain (ICP), has announced that it has partnered with InvoiceMate. InvoiceMate.tech will migrate from Hyperledger Fabric to the Internet Computer. The DFINITY Foundation will support InvoiceMate in this transition as it becomes an important part of the ICP ecosystem.
23/10/2023
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During 2022 the Brazilian economy continued to recover from the pandemic shock of 2020, with 2.9 per cent GDP growth, said João Costa Pereira, Banco Ourinvest S.A., Brazil in the article included in the most recent edition of the World Factoring Yearbook.
20/10/2023
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TessPay, developer of a supply chain finance financial technology (fintech) platform that utilises blockchain technology to provide payment assurance and liquidity through a supply chain, has announced the introduction of its platform, which the company believes is at the forefront of funding providers participating in the US Government’s Affordable Connectivity Program (ACP). Management believes the platform is poised to redefine the dynamics of financial access within the ACP.
20/10/2023
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