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Blooms, a Wilmington-based fintech startup, has raised US$2.6m in a seed funding round to fuel its technology development and regional expansion. The funding aims to strengthen the company’s position in AI-driven trade finance, with a focus on exporters in Latin...
#AI#Blooms#cross-border trade
The pace of change in the world of trade finance is finally picking up, and it’s safe to say that…
#alternative funders#asset class#capital requirements
Glovo, one of the leading technology platforms across Europe, Central Asia, and Africa, has partnered with finmid, the all-in-one infrastructure…
#finmid#Glovo#technology platform
Allianz Trade’s exclusive new survey, which took the pulse at the peak of the US trade war (before and after…
#Allianz Trade#Allianz Trade Global Survey#trade war
Paragon Bank has announced an immediate increase in its threshold for automatic lending decisions within its SME Lending division, raising…
#John Phillipou#Paragon Bank
IFC has announced new partnerships with Coris Bank International in Benin and Togo and Banque El Amana in Mauritania that…
#Banque El Amana#Coris Bank International#Global trade finance programme
IDB Invest provided an up to US$50m financial package to Laki and its subsidiaries to increase access to short-term financing…
#IDB Invest#Laki#supply chain finance
Standard Chartered, a leading international cross-border bank, and British International Investment (BII), the UK’s development finance institution and impact investor,…
#British International Investment#Standard Chartered#trade finance
The British Business Bank has committed £40m to Frontier Development Capital’s (FDC) new £81.5m Evolution Fund to support the growth…
#Adam Kelly#British Business Bank#Evolution Fund
Transflo today announced that Apex Capital Corp (“Apex”), a leading global provider of freight factoring services, has joined the Transflo…
#Apex Capital Corp#Renee Krug#Transflo
In a significant step toward simplifying asset-based lending operations, Finley has announced a major enhancement to its Monthly Servicer Reporting…
#asset based lending#Finley
FactorGenie, a provider of advanced add-on software for the freight factoring sector, has formed a strategic partnership with Farelanes, a…
#FactorGenie#factoring#Farelanes
Beltone Holding (Beltone) announces that its wholly owned subsidiary, Beltone Leasing and Factoring, has successfully concluded its second securitisation issuance…
#Amir Ghannam#Attijariwafa bank#Banque du Caire