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Billtrust sold for $1.7bn

B2B accounts receivable and payments company Billtrust announced today it has agreed to be acquired by EQT Private Equity for $1.7bn. The transaction is expected to close in the first quarter of 2023.Once finalised, the deal will take Billtrust from...

#Billtrust#payment platform

Chilian Simpli Latam launches SME payment platform

Simpli Latam, the Chilean fintech offering payments, financing, ordering and dashboard solutions for small, medium and large companies, has announced…

#payment platform


US fintechs surpass banks in troubled areas, new study...

The use of alternative data sources and machine learning to assess the credit quality of applicants gives US fintechs an…

#AI#credit scoring


SFNet’s latest report reflects confidence

There was confidence in the asset-based lending market in the second quarter despite the economic pain of... (more…)

#Secured Finance Network


Bridge Bank expands asset-based lending team

Bridge Bank has just announced a significant expansion of its growing asset-based lending team, part of the bank’s Capital Finance…

#Bridge Bank


White Oak Commercial Finance delivers US$4m non-recourse factoring facility

White Oak Commercial Finance, LLC (White Oak), an affiliate of White Oak Global Advisors, has provided... (more…)

#non-recourse factoring#White Oak Commercial Finance#White Oak Global Advisors


REV Capital announces new appointment for Commercial Finance Division

REV Capital, the leading non-bank provider of factoring and cashflow financing in Canada... (more…)

#Rev Capital


Colombian factoring provider raises US$25m to support further local...

Colombian fintech Finaktiva has raised US$25m to strenghten their financial services to local SMEs. Bancolombia and other local banks participated…

#Finaktiva


ENGS Commercial Capital names new VP and BDO

Farrah Vargas joins ENGS Commercial Capital, a group company of Mitsubishi HC Capital... (more…)

#ENGS Commercial Capital#Mitsubishi HC Capital


Kawasaki Motors Finance migrates US operations to Solifi’s finance...

Solifi, a global fintech software partner for secured finance, announced... (more…)

#Inventory finance#Solifi


Defendants plead guilty to more than US$13m factoring fraud...

According to the U.S. Attorney’s Office for the Western District of Texas, five persons from... (more…)

#factoring fraud


Defontana and Tanner plans to allocate US$34m in factoring...

The leading ERP software firm, Defontana, and the non bank financial institution Tanner... (more…)

#digital factoring

EMGA announces Senior Debt raise transaction in Ecuador

Emerging Markets Global Advisory Limited (EMGA), the niche investment bank focused on emerging markets, announces a Senior Debt raise transaction…

#bank#COVID-19#emerging markets

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