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Barclays PLC ("Barclays") and Blackstone Credit & Insurance ("Blackstone") have announced today that Barclays Bank Delaware ("BBDE") has agreed to sell around US$1.1bn of existing credit card receivables as part of a defined set of Barclays-branded credit card accounts in...
#asset based finance#bank#capital requirements
The Italian factoring market in 2023 witnessed a turnover of nearly €290 billion, remaining largely stable compared to the previous…
#ASSIFACT
Crédit Agricole Corporate and Investment Bank (CIB) has collaborated with UK-based fintech Demica to launch a new receivables and supply…
#Credit Agricole#Maurice Benisty#receivables
The Board of Directors of the African Development Bank Group has sanctioned a US$7m trade finance guarantee facility grant to…
#ADB
Magnati, a prominent payment solutions provider in the Middle East, has joined forces with Biz2X, a global fintech leader in…
#Biz2X#SME lending
In a strategic partnership aimed at enhancing small business financing options, iwoca, a leading SME lender in Europe, has joined…
#SME lending
Lloyds Bank has become the first UK bank to join the WaveBL electronic trade documentation platform, unlocking new trade efficiencies…
#eBL
“We are more than just factoring today, FCI is about open account, receivable and payable solutions,” Neal Harm, Deputy Secretary…
#open account#payables#receivables
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
Arbuthnot Commercial Asset Based Lending (ACABL) has completed a £2.25m facility to support Emerge Global’s investment in Speed Welshpool, as…
#working capital
The European Bank for Reconstruction and Development (EBRD) is supporting the small and medium-sized enterprise (SME) sector in Egypt with…
#bank#exporters#international
An apparel company found itself in need of importing merchandise from China ahead of a substantial seasonal demand. With the…
#funding#order financing#purchase order
Manchester-based fintech BankiFi partners with Praetura Ventures (Praetura), to boost SMEs access to funding by offering a new lending-as-a-service solution.…
#Praetura