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French fintech leaders Pennylane and Defacto have strengthened their partnership to offer seamless, instant invoice financing for small and medium-sized enterprises (SMEs). Building on Pennylane’s status as a certified Partner Dematerialisation Platform (PDP) since September 2024, the two companies are...
#Defacto#electronic invoice#factoring
On November 4, the Sanctions Commission of France’s Financial Markets Authority (AMF) issued nearly €6m in fines. These penalties target…
#fraud#receivables securitisation
The French Association of Financial Companies (ASF) has published its latest figures on the factoring market, indicating slight growth for…
#ASF#factoring
The National Assembly has passed a law, which recognises common electronic transferable documents, such as bills of lading in matters…
#digitisation
Factofrance, the French factoring company, has announced the launch of an exclusive, streamlined offer tailored for small and very small…
#digital#Factofrance#guarantees
ODDO BHF announced the hire of Rudolf Putz as Head of Trade Product and Distribution Management. Rudolf Putz joins ODDO…
#Managerial Appointments
Insurance consulting and brokerage firm, Servir, has entered a commercial partnership with Fibus, a consulting company specialising in brokerage and…
#digital#digital solutions#insurance
In 2023, 97 per cent of French companies have offered payment terms to their customers, with an average timeframe of…
#economic outlook#insolvencies#payment delays
France’s factoring market grew more slowly in the first half of 2023 than in the first half of 2022. Even…
#international factoring
Quadient, a leader in helping businesses create meaningful customer connections through digital and physical channels, and Coface, a globally renowned…
#credit risk management#Quadient#risk management
Corcentric, the US-based provider of procurement and finance solutions, has launched its Managed Accounts Receivable (AR) solution in France. The…
#AR#Corcentric
Basware, the leader in making accounts payable (AP) automation and invoice processing happen, announces its Partner Dematerialisation Platform (PDP) application…
#invoice#management#platforms
French SME lender Defacto has closed a securitisation fund with Citi and Viola Credit for up to €167 million ($183m).…
#securitisation#SME lending#Viola Credit