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Allica Bank turns profitable in three years

SME challenger bank Allica has achieved its first full year of profit just three years since opening its doors to lending.Allica, which offers a portfolio of lending, savings and investment products to SMEs typically neglected by larger banks, reported full...

#SME lending

Demica releases 2024 Benchmark Report for Banks in Trade...

Demica, a leading provider of supply chain finance solutions, has unveiled its 2024 Benchmark Report for Banks in Trade Finance.…

#supply chain finance


WFY’23: ‘China’s factoring industry continued to grow at 22.85...

IntroductionChina’s factoring industry continued to grow at 22.85 per cent to reach EUR 577bn in 2022 across the entire banking…

#Atradius#bank#management


SFNet: ABL commitments grew in 2023, with fewer new...

Economic twists and turns marked 2023 but the asset-based lending (ABL) market still saw growth in commitments of working capital,…

#bank#interest rates#Secured Finance Network


Inseego pays-off and terminates ABL facility 

Inseego Corp., a technology leader in 5G mobile and fixed wireless solutions for mobile network operators, Fortune 500 enterprises, and…

#cash management#liquidity#management


Codebase Technologies launches digital SCF solution

UAE based fintech, Codebase Technologies, has launched a fully automated and digital supply chain finance (SCF) solution to revolutionise MSMEs…

#supply chain finance


Lenvi comments on UK inflation announcement

Following Wednesday UK inflation announcement, Lenvi (formerly Equiniti), a leading lendtech for major UK lenders such as Santander, Barclays, Metro Bank and Admiral, has…

#Lenvi#Richard Carter


Aldermore announces appointments in ABL team

Aldermore has appointed Nicola Bonini as Business Development Manager for Invoice Finance and Nick Holmes as complex and asset based…

#ABN AMRO#Aldermore


Vivriti Capital provides INR 400m SCF solution to Source.One

Indian non-banking financial company (NBFC) Vivriti Capital, a specialist financier, has provided INR 400m (US$4.8m) receivables finance solution to Source.One,…

#supply chain finance


TuranBank and Asian Development Bank sign trade finance agreement

Marking a significant milestone, TuranBank OJSC, Azerbaijan has entered into a pivotal agreement with the Asian Development Bank (ADB) to…

#ADB#bank#international


Santander names new Global Head of Trade and Working...

Enrique Rico is the new Global Head of Trade and Working Capital Solutions of Santander. The new appointment follows the…

#working capital


TradeSun signs cooperation agreement with Wells Fargo

TradeSun and Wells Fargo have entered into an agreement that will enable Wells Fargo to leverage the industry leading trade…

#TradeSun

Time Finance secures senior appointment in invoice finance team

Time Finance is announcing Jason Poxon as Business Development Manager in its invoice finance team. Jason joins with 10 years of experience…

#financial services#funding#invoice

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