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Fintech Novo secures $125m facility to launch working capital finance

Novo, a Miami-based financial platform for small businesses has secured a US $125m finance facility from Victory Park Capital (VPC),…


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World Factoring Yearbook 2023 coming this week

BCR Publishing will be releasing the World Factoring Yearbook 2023 (WFY2023) this week. Featuring factoring statistics, market reviews and company directories from…


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HSBC and Tradeshift in new joint venture for embedded finance

HSBC and B2B fintech Tradeshift have today announced an agreement to launch a new, jointly-owned business focused on the development…


Contour adds Japan’s MUFG to its network

Contour, the leading digital trade finance network, announced today that the Singapore office of MUFG Bank (MUFG), Japan’s premier bank…


Japan’s Suruga Bank partners with OLTA to roll out on-line…

OLTA, a Tokyo-based factor, has announced a new collaboration with Suruga Bank Co Ltd. to introduce "Suruga Cloud Factoring powered…


EBRD and KredoBank broaden cooperation in Ukraine

The European Bank for Reconstruction and Development (EBRD) is supporting food security and other critical industries in wartime Ukraine with…


MLETR: accelerating the digitisation of international trade

The financial services industry is in an exponential phase of digital transformation... (more…)


LSQ provides US30m AR finance facility to pharma distributor from…

LSQ, a leading provider of working capital financing and payments solutions, recently originated a US$30m accounts receivable (AR) credit facility for a…


Jan Ibey joins SLR Business Credit as Senior Vice President…

SRL Business Credit has hired Jan Ibey as Senior Vice President of ABL Business Lending... (more…)


Adani New Industries Limited raises US$394m trade finance from Barclays,…

Adani New Industries Ltd has raised US$394m (INR 3,231 crore) working capital from ... (more…)


Triumph appoints Jason Heilig CTO of factoring division

Triumph, a member of the Triumph Financial, Inc. portfolio of brands and a leading provider of working capital financing solutions...…


Digital bank maib launches online domestic factoring in Moldova

In order to support business development in the Republic of Moldova, maib ... (more…)


Leumi ABL provides JLM Global Foods UK new financial package

JLM Global Foods, a Darlington-based food company, has ensured a financial package of... (more…)


Commerzbank – first German bank to carry out live transactions…

Commerzbank is the first German bank to have completed a blockchain-based Letter of Credit (LC) transaction for its client, Ascentex…


Uzbekistan estimated to have US$1.93bn factoring potential

Uzbekistan has approximately US$1.93bn potential for factoring, according to a release from Trend News Agency. This factoring volume is calculated…


IFC and Baobab Group deepen partnership to boost access to…

IFC has just announced a new partnership with the Baobab Group, which will further support the provision of financial services…


Australian fintech lender signs on Israeli Harel as new investor

Sydney-based fintech Lumi has secured AU $15 million in capital funding with Harel Insurance and Finance Group (Harel) signing on…


Industry comments on momentous ETDA accession

At the end of last week, the UK approved the Electronic Trade Documents Act... (more…)


Surecomp and ICE Digital Trade cement partnership to drive electronic…

Surecomp® today announced a strategic partnership with ICE Digital Trade, formerly known as essDOCS, to drive expanded digital trade finance…


UK Business Fraud Insurance gets a boost

Business fraud is globally on the rise. In the UK this has prompted the insurer Allianz Trade to launch a…


Chaser employs machine learning to predict late payments

Chaser, a leading provider of intelligent accounts receivables software, has launched a late payment predictor. By leveraging machine learning, the…


New BFS study identifies gender gap in business finance

Research from Bibby Financial Services (BFS) finds that women SME owners are more likely than men to suffer cashflow challenges,…


Mastercard to streamline receivables management

Today, Mastercard announces the launch of Mastercard Receivables Manager, a new, automated solution that streamlines the way businesses accept and…


Ault Alliance closes on US$8.8m additional senior secured debt financing…

Ault Alliance, Inc. is announcing that it has successfully secured an additional US$8.8m in senior debt financing from a group…


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