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Finacity renews and upsizes IFRS trade receivables securitisation for...

Finacity Corporation (Finacity), a White Oak company, announced today that it has successfully renewed and upsized its existing IFRS off-balance sheet trade receivables securitisation for Votorantim Cimentos North America Inc. (VCNA).The transaction allows for up to US$250m in funding of the...

#White Oak

ABL provider introduces Accelerate Pay for business payments

Synovus has launched Accelerate™ Pay, a new payment solution that enables commercial banking clients to initiate account payable payments in…

#accounts payable#bank#cash management


IFA names Thirdmark Capital as a Preferred Ally Member

The International Factoring Association (IFA) announced that Thirdmark Capital has been named a Preferred Ally Member. IFA Ally Membership is…

#bank#commercial finance#credit risk


U.S. Bank, Levantor Capital team up to expand working...

U.S. Bank today announced that it has teamed up with Levantor Capital to expand flexible working capital financing options for…

#working capital#working capital finance


Valley National Bank provides US$150m credit facility to a receivables finance firm

Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp, announced today that their New York City commercial banking team…

#bank#i#receivables


Tree Buckingham joins nFusion Capital as EVP Head of...

nFusion Capital announced that Tree Buckingham has joined their team as EVP Head of Asset Based Lending (ABL). Buckingham is…

#commercial finance#leadership#management


Sabre Corporation increases AR facility to $235m and refinances...

Sabre Corporation ("Sabre" or the "Company"), a leading technology provider to the global travel industry, today announced that its indirect…

#receivables


Citi facilitates social trade loans to support SME growth...

Citi, a financial institution with a 62-year presence in the Dominican Republic, has structured two loans to facilitate local trade…

#SME lending#working capital


TAB Bank names Justin Hatch as Chief Lending Officer

Utah (USA)-based TAB Bank appointed Justin Hatch chief lending officer, effective immediately. In his new role, Hatch will oversee the…

#Managerial Appointments#working capital finance


Brazil’s fintech sector struggles with high default rates

In 2023, Brazil's fintech sector faces a significant challenge, with major players like Open Co and Nexoos experiencing a 60…

#receivables


Latam trade finance platform raises US$12m new funding

Marco, a Latam trade finance platform for SME exporters, has announced the successful closure of a US$12m Series A funding…

#bank#exporters#smes


Finacity facilitates US$30m receivables-based loan programme for Novaria with...

Finacity Corporation (Finacity), a White Oak company, and Synovus Bank (Synovus) today announced that they have successfully arranged and closed…

#White Oak

Wingspire Capital  provides a US$75m revolving line of credit to Signature...

Wingspire Capital  provided a US$75m revolving line of credit to Signature Brands. The senior secured credit facility was used to refinance an…

#cash-flow#e-commerce#financial services

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