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Eastern Europe

Fortress Factoring plans expanding in Europe

Vilnius-based Fortress Factoring, a tech startup providing factoring and supply chain finance to SMEs, has announced its plans to expand the local team to increase its client base in Central and Eastern Europe. The new countries that Fortress is looking...

#supply chain finance

Raiffeisen Bank and EBRD agreed on €100m support for...

Raiffeisen Bank (Ukraine) and the European Bank for Reconstruction and Development (EBRD) have signed an agreement on the new risk…

#Raiffeisen Bank


Comarch’s holds user group meeting in Krakow

Comarch’s annual user group conference was held at their sprawling campus headquarters in Krakow on Tuesday and Wednesday of this…

#Comarch#conference#insurance


Softloans raises €1m to expand SME financing

Softloans, a fintech startup headquartered in Vilnius, Lithuania, has successfully secured €1 million in pre-seed funding to bolster its growth…

#digital#e-commerce#management


EU guarantees to unlock €37m for small businesses in Kosovo 

The European Investment Fund (EIF), part of the EIB Group, has signed portfolio guarantee agreements with 11 banks and financial…

#EIF#Marjut Falkstedt


Vista Bank Romania enters factoring market

In order to diversify the working capital solutions provided to mid and large companies, Vista Bank extended its offer with…

#acquisition#bank#banks


EBRD guarantee empowers Ukreximbank in €40m new lending initiative...

The European Bank for Reconstruction and Development (EBRD) is providing a €10m unfunded portfolio risk-sharing instrument to Ukreximbank, the State…

#risk-sharing


Czech Flowpay raises €2.1m seed round to expand AI-powered...

Flowpay, a Czech fintech leveraging predictive AI models and embedded finance to assist SMEs in accessing operational funding, has secured…

#AI#bank#e-commerce


EBRD and NLB Komercijalna Banka aid SMEs in Serbia

The European Bank for Reconstruction and Development (EBRD) is further supporting access to finance SMEs in Serbia, by commencing cooperation…

#bank#international#small business


EBRD: Fostering trade finance access for Ukrainian companies

The EBRD expands cooperation with Privatbank, Ukraine’s largest systemically important bank, by making available a US$25m trade finance limit to support…

#bank#exporters#guarantees


Marsh McLennan expands Unity insurance to cover war risk...

Marsh McLennan, a leading re/insurance broker, has teamed up with the Ukrainian government and Lloyd’s to announce a significant expansion…

#bank#exporters#Marsh


WFY’23: Romanian market expected to grow by 10% in...

Following 2021, a year in which the business environment had to face serious challenges, with Covid-19 specific effects in the…

#Bogdan Rosu#Romanian Factoring Association

2023: Polish factoring industry sees marginal turnover decrease amidst...

The Polish factoring industry concluded 2023 with a marginal 2.3 per cent decrease in turnover. However, this decline is an…

#Polish Factors Association

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