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Banco Central do Brasil adds receivables discounting to Drex...

The Banco Central do Brasil (BCB) recently unveiled the second phase of its Drex Pilot, the initiative aimed at developing Brazil's digital currency, the Digital Real. Among the 13 themes selected for this phase, one key area stands out: the...

#BCB#invoice discounting#smart contracts

Travis Pocock joins SLR Business Credit as SVP

SLR Business Credit, and its parent company SLR Capital Partners, has announced the addition of Travis Pocock as Senior Vice…

#accounts receivable#asset based lending#factoring


Trade finance in Brazil to expand as IFC and...

IFC, a member of the World Bank Group, recently announced that Banco Safra has joined IFC's Global Trade Finance Programme…

#Banco Safra Global Trade finance programme#Helena de la Torre#IFC


WFY’24: Factoring has begun to gain momentum in Canada

Factoring, though historically a niche product in Canada and often misunderstood, has begun to gain momentum in recent years. As…

#factoring#financial institution#National Bank of Canada


Clara Capital secures US$20m finance from Revere Capital to...

Clara Capital Servicing LLC (Clara Capital), a leading provider of innovative financial lending solutions for small and medium sized businesses…

#accelerate growth#Clara Capital#Matthew Byron


Rapid Finance expands API-supported SMB disclosure service

Rapid Finance, a leading small business (SMB) banking platform specialising in providing customised financing solutions, announced the availability of its…

#commercial finance#disclosure requirements#financial disclosure


PayPal pays first invoice using stablecoin

PayPal has successfully conducted its first business transaction with its stablecoin, PayPal USD (PYUSD), as reported by Bloomberg. The transaction…

#B2B payments#PayPal


Storfund launches Daily Advance for TikTok Shop

Fintech firm Storfund has partnered with TikTok Shop to introduce the first fully embedded cash flow solution in a major…

#cashflow finance#embedded finance#invoice finance


WFY’24: Brazilian factoring records 10% growth in 2023

Brazil started 2023 with a new government, and then political unrest with a near coup on 8 January 2023, stated…

#Banco Ourinvest#João Costa Pereira#trade finance


Stenn opens Atlanta office to support further expansion

Stenn, the leading digital fintech enabling growth for businesses engaged in international trade, e-commerce and digital services, today announced the…

#expansion#fintech hub#Noel Hillman


White Oak Commercial Finance provides a US$120m ABL facility...

White Oak Commercial Finance, LLC (White Oak), an affiliate of White Oak Global Advisors, closed a new US$120m 3-year senior…

#asset based lending#Kevin Cox#Kevin Sauder


Stonebriar Commercial Finance announces Nicholas Sandler as CEO

Stonebriar Commercial Finance (Stonebriar), a leading provider of asset-based private credit solutions with US$7.3bn of owned and serviced assets, announces…

#Dave B. Fate#Nicholas Sandler#Stonebriar Commercial Finance

SFNet: Asset-Based Lending deal activity surged in Q2

Cautious optimism marked the second quarter in the asset-based lending market as banks and other lenders saw a rise in…

#asset based lending#Commercial Finance Association#Richard D. Gumbrecht

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