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In a strategic move to fortify its financial position, Kinetik Holdings Inc. has secured a substantial accounts receivables securitisation facility (A/R Facility) totalling US$150m from PNC Bank. The facility, maturing in April 2025 with provisions for ongoing renewal, underscores Kinetik's...
#receivables
Allianz Trade has released its latest report on global Days Sales Outstanding (DSO) and Working Capital Requirements (WCR). In this…
#Allianz Trade#payment terms
PowerPay, a leading US fintech company specialising in real-time lending and payment solutions for contractors and physicians announced the closing…
#bank#channel#funding
On April 3, 2024, a notable shift occurred in the fintech sphere as Tat Yeen Yap bid farewell to his…
#Managerial Appointments
IntroductionThe Italian Factoring Association (ASSIFACT) represents the totality of the factoring market in Italy with 31 members as of March…
#ASSIFACT#Diego Tavecchia
Finacity Corporation (Finacity), a White Oak company, announced today that it has successfully renewed and upsized its existing IFRS off-balance…
#White Oak
Optimum Finance has appointed Ross Stephenson as Senior Relationship Manager (RM) to further drive new business growth and provide support to…
#Ant Persse
The International Accounting Standards Board (IASB) has recently published for public comment the Addendum to the Exposure Draft Third edition of the IFRS…
#IASB#supplier finance
Synovus has launched Accelerate™ Pay, a new payment solution that enables commercial banking clients to initiate account payable payments in…
#accounts payable#bank#cash management
Introducing the newest government-backed finance initiative, the Recovery Scheme (RLS), which aims to assist small and medium businesses in navigating…
#CBILS#funding#guarantee
A new report1 revealing the latest trends and future predictions in UK lending and borrowing has been launched by Lenvi,…
#Lenvi
The International Factoring Association (IFA) announced that Thirdmark Capital has been named a Preferred Ally Member. IFA Ally Membership is…
#bank#commercial finance#credit risk
U.S. Bank today announced that it has teamed up with Levantor Capital to expand flexible working capital financing options for…
#working capital#working capital finance