Michael Bickers, Managing Director of BCR Publishing, says the SCF industry is rapidly changing, and future development will be substantially different
The invoice factoring directory (factoringdirectory.org) has announced that it has increased its listings and educational information regarding factoring and accounts
Healthcare recruitment specialist IOS Care Recruitment has announced that it has expanded after securing a GBP250,000 invoice finance facility and commercial loan
DS-Concept, a global commercial finance company specializing in non-recourse factoring and trade finance, has announced that it has provided a Hong Kong based apparel exporter with a USD5m export factoring facility
Promsvyazbank (PSB) has been recognized as the best bank in the Russian segment of international factoring, according to the results of an annual global ranking published by Factors Chain International (FCI)
Invoice discounting marketplace Investly has announced that it has released a new version of the website today offering a redesigned investor interface
KredX, an invoice discounting marketplace for micro, small, and medium enterprises (MSMEs), has announced that it has secured US$6.25m in Series A funding led by Sequoia India. Existing investor Prime Venture Partners also participated in this round
Commenting on the juxtaposition of fintechs and factors in the receivables finance industry, Michael Bickers acknowledged that traditional factors are well trusted, but noted that fintechs are quickly closing in on this advantage. He said: "factors need to ensure that they understand the rapid changes and developments that are taking place in this now challenging environment".
