Standard Investment Bank (SIB), one of Kenya’s first indigenous investment banks has partnered with Recolte Ltd, a trade finance intermediary firm to launch RecoSIB, an entity created to deepen access to trade finance solutions for medium and small businesses (SME).
The new initiative seeks to ensure businesses manage their working capital needs for continuity and growth. The credit solutions offered include local purchase order (LPO) financing, contract financing, reverse factoring, and invoice discounting.
