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Europe

Swiss fintech reports CHF 2.4m receivables finance fraud

The Zurich-based fintech startup Advanon has been hit by CHF 2.4m (US$2.41m) fraud scheme. In a statement, the startup said that a Swiss commercial electronics company sold on the Advanon trading platform faked accounts receivable worth about CHF 2.4m (US$2.41m). As a result, 78...

#invoice finance fraud

UK invoice finance provider opens their platform

Following a new financing round earlier this year and Nesta’s Open Banking prize last year, London based invoice finance provider...…

#bank#invoice#open banking


Jeff Longhurst announces his retirement

Jeff Longhurst announces his decision to retire as Managing Director, Membership, Events & Training at... (more…)

#asset based finance#assignment#invoice


Bibby Financial Services appoints external legal adviser 

Independent legal practice ...has been appointed to the Bibby Financial Services (UK) panel of external legal advisers... (more…)

#cash-flow#financial services#Hill Dickinson


New lending to SME rises in Ireland

The annual SME Market Report published by Central Bank of Ireland indicates that gross new lending increased... (more…)

#bank#banks#funding


Targobank Germany integrates Targo Commercial Finance

On 1st of August, 2018 Targo Commercial Finance merged with its parent company... (more…)

#commercial finance#Two


Barclays Bank partners with invoice finance platform to enhance...

Barclays have taken a stake in London-based fintech firm MarketInvoice, in order to enhance the bank's offering to it's SMEs...…

#bank#invoice#management


UK invoice financier to support SMEs with new funding

The new funding (£10m) will help to cover the growing demand... (more…)

#invoice#Reward Finance#SME lending


IGF appoints news asset-based lending director

Independent Growth Finance (IGF), a leading independent commercial finance provider, announces the appointment of... (more…)

#commercial finance#Flexible Funding#IGF


Brexit effect on SMEs and their possibilities to trade...

Lionel Taylor and John Bugeja, founders of Trade Advisory Network discuss about how Brexit is impacting the... (more…)

#smes


Urica failure impacts P2PGI’s net asset value

P2P Global Investments (P2PGI) wrote off an equity investment worth around £5.5m in Urica last week after the firm put…

#invoice finance fraud


Croatia’s Erste&Steiermarkische Bank acquires stake in Erste Factoring

Croatia’s Erste&Steiermarkische Bank said on Monday (July 30th) it is acquiring a 25% stake in Erste Factoring d.o.o.... (more…)

#Erste Factoring

DNB joins Marco Polo trade finance consortium

DNB today announced that it completed the testing of the first release of the TradeIX Trade Finance platform as part of...…

#bank#blockchain#International Trade

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