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Asia

WFY’25: Turkey’s factoring volume rose by 26% in 2024

Filiz Ünal, Deputy Secretary General, Association of Financial Institutions, Turkey, share insights on the Turkish factoring market in the regional article featured in the most recent edition (2025) of the World Factoring Yearbook (WFY'25). Below is an excerpt from her...

#factoring

Renown Lending expands Australian SME funding pool to AU$400m

Australian non-bank lender Renown Lending has increased its total funding capacity to AU$400m, up from AU$250m, extending the availability of…

#sme finance


Mynd FinTech launches UFX SCF platform

Mynd FinTech, a subsidiary of M1xchange, has launched UFX (Unified Financing Xperience), a consolidated supply chain finance (SCF) platform for…

#supply chain finance


BRAC Bank, BIFFL partner to boost affordable SME financing

BRAC Bank has entered into a partnership with Bangladesh Infrastructure Finance Fund Limited (BIFFL) to expand access to affordable financing…

#sme finance


Allianz Trade names new APAC regional COO

Allianz Trade has announced the promotion of Wee Lee Quah to APAC regional Chief Operations Officer (COO), effective 1 January…

#trade credit insurance


DBS Bank India extends INR 670 crore trade facility...

DBS Bank India has extended a INR 670 crore (US$74.8m) Sustainability-Linked Trade Facility (SLTF) to Indorama India Private Limited (Indorama),…

#working capital


IRB Malaysia steps up outreach as e-Invois enters Phase...

The Inland Revenue Board of Malaysia (IRB) has reaffirmed its commitment to the nationwide e-Invois programme through a strategic engagement…

#e-invoicing


Finastra expands global footprint with new US and India offices

Finastra, a global leader in financial services software, today announced the opening of two new offices as part of its…

#payments


KOSME and KB Financial Group launch performance-based financing for...

The Korea SMEs and Startups Agency (KOSME) and KB Financial Group announced the signing of a memorandum of understanding (MOU)…

#sme finance


IFC and Tonga Development Bank partner to support MSME...

The International Finance Corporation (IFC), a member of the World Bank Group focused on the private sector, announced a partnership…

#sme finance


CredAble and Trademo partner to boost AI-powered trade and...

CredAble, India’s largest working capital technology platform, and Trademo, a global AI-powered intelligence, compliance, and digitisation solution, announced a strategic…

#trade finance


CredFlow secures RBI NBFC licence, expands lending capabilities

Fintech SaaS startup CredFlow has received a non-deposit taking NBFC licence from the Reserve Bank of India (RBI), enabling its…

#invoice discounting

Government raises e-invoicing threshold to RM1m to ease burden...

The Federal Government of Malaysia has announced an increase in the mandatory e-invoicing threshold to RM1m (US$243,131) in annual revenue,…

#e-invoice

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