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Fourshore Partners announces acquisition of factoring firm

Fourshore Partners (Fourshore) has announced its acquisition of Power Funding ("Power"; "Company"), a premier factoring company focused on the oil & gas and transportation industries.Power Funding provides working capital to the oil & gas and trucking industries through the purchase of...

#Fourshore Partners

WFY’23: ‘Factoring industry in Greece has been able to...

The energy crisis, which was exacerbated after Russia’s invasion of Ukraine in early 2022, has resulted in a sharp rise…

#World Factoring Yearbook


EBRD, EU and UniCredit support green SMEs in Bosnia...

The European Bank for Reconstruction and Development (EBRD) is providing a €7m loan to UniCredit Bank d.d. Mostar in Bosnia and Herzegovina. Funds will…

#green finance


Salem Media Group closes new ABL facility with Siena...

Salem Media Group, Inc. announced that it has closed a new US$26m 3-year asset-based revolving credit facility with Siena Lending Group, which refinanced…

#Siena Lending Group


WFY’23: ‘The Slovak factoring market reflected the development of...

The Slovak economy, like the economies of many other European countries, is being strongly affected by the conflict in Ukraine…

#World Factoring Yearbook


IFC and EU partner with Credit Agricole to empower...

IFC, European Union (EU) and Credit Agricole Ukraine has announce a new €40m equivalent risk-sharing facility to boost access to finance for Ukraine's…

#Credit Agricole


ISG to publish report on finance and accounting platforms

Information Services Group (ISG), a leading global technology research and advisory firm, has launched a research study examining providers of…

#AI#blockchain#invoice


WFY’23: ‘Despite the economic contraction, Hong Kong factoring volume...

Following a notable recovery in 2021, the Hong Kong economy contracted 3.5 per cent in 2022, said Samantha Hiu Kwan Wong, Head…

#Samantha Hiu Kwan Wong#World Factoring Yearbook


Let’s ensure embedded finance works for consumers and clients, not against...

Embedded finance can be hugely convenient for customers - but only if they understand what they’re getting into, writes Richard Carter, CEO…

#embedded finance#embedded invoice finance#Lenvi


1st Commercial Credit exceeds US$20m in PO finance transactions

1st Commercial Credit, LLC has announced the achievement of a significant milestone, surpassing US$20m in purchase order (PO) funding transactions.…

#1st Commercial Credit#purchase order finance


Indian RBL Bank launches e-BG on the NeSL platform

RBL Bank today launched electronic bank guarantee (e-BG), signalling a significant step forward in trade finance digital transformation. The e-BG…

#RBL Bank


BOAT receives ADB approval for trade finance facility

The Board of Directors of the African Development Bank Group (ADB) has approved a trade finance transaction guarantee facility to…

#AfCFTA#African Development Bank

StoneCo. announces US$467.5m receivables securitisation to strengthen working capital...

StoneCo Ltd. announced that it has obtained a commitment of US$467.5m in the form of a revolving securitisation facility from…

#receivables securitisation

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