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Europe

GRENKE to sell all factoring companies

The Supervisory Board of GRENKE AG has approved the Board of Directors' decision to focus on the leasing business with small and medium-sized companies in the future and initiate the sale of all factoring companies. The synergies with the core...

#GRENKE

Manx Financial comments on UK interest rates unchanged

Commenting on UK interest rates remaining unchanged, Douglas Grant, Group CEO of Manx Financial Group, said: “Today's decision to maintain the…

#Douglas Grant#Manx Financial#SMEs finance


Kriya raises £50M funding facility from Viola Credit, to...

Kriya, the B2B invoice finance and payments fintech, today announces that it has secured a new £50m debt facility from…

#Cash flow#cash-flow#Kriya


FSB and Capitalise launch SME funding platform

Small businesses are finding it harder to access finance and are seeing credit costs rise, according to new research by…

#business finance#credit risk#management


Clifford Chance provides legal counsel to Barentz in structuring...

Clifford Chance provided legal counsel to Barentz, a prominent global distributor specialising in life sciences and specialty performance ingredients, regarding…

#Clifford Chance#receivables securitisaton


Optimum Finance names Iain Hendry to lead UK sales

Optimum Finance, an invoice finance specialist, has promoted... (more…)

#Ant Persse#Optimum Finance


EBRD and AIK Banka support SMEs in Serbia

The European Bank for Reconstruction and Development (EBRD) has commenced cooperation with AIK Banka in Serbia with an inaugural loan…

#green finance


YouLend secures deal to extend £4bn in financing to...

YouLend, a global finance platform, has closed a private securitisation deal with JP Morgan as a senior lender and Castlelake,…

#embedded finance#JP Morgan#YouLend


WFY’23: ‘Portugal’s factoring market surpassed growth rate of...

As was the case worldwide, the first year of COVID-19 had a severe, disruptive effect on the Portuguese economy, said…

#Factoring and Renting#Vitor Graça#World Factoring Yearbook


Fibus to acquire credit insurance and factoring activities from...

Insurance consulting and brokerage firm, Servir, has entered a commercial partnership with Fibus, a consulting company specialising in brokerage and…

#digital#digital solutions#insurance


Polish factoring poised to return to growth in 2024

The factoring market experienced a modest decline in turnover by the close of 2023. However, a resurgence is expected in…

#bank#banks#fintechs


Sebastian Rice joins Markel to drive growth in Europe

Markel, the insurance operation within Markel Group Inc, has appointed Sebastian Rice as a Senior Underwriter and head of Business…

#Managerial Appointments#trade credit insurance

British Business Bank’s RLS 3 surpasses £1bn in funding

The British Business Bank (BBB) revealed today that its Recovery Loan Scheme (RLS) has reached a noteworthy milestone by facilitating…

#Martin McTague#Recovery Loan Scheme#Richard Davies

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