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Marco Polo declared insolvent with €5.2m debts

The High Court of Ireland appointed yesterday insolvency practitioners Ken Fennell and Andrew O'Leary of Interpath Advisory Services as provisional liquidators to Marco Polo Network Operations Limited (Marco Polo) which was declared insolvent and unable to pay its debts of over...

#Bank of America#blockchain#Marco Polo

Rosenthal & Rosenthal closes two transactions, totalling US$38m

Rosenthal & Rosenthal, a factoring, asset-based lending, purchase order financing... (more…)

#purchase order finance


EBRD and MIGA join forces in covering trade finance...

The European Bank for Reconstruction and Development (EBRD) and the Multilateral Investment Guarantee Agency (MIGA) have signed a landmark first…

#bank#guarantees#international


Mynd Group appoints CEO for new international trade finance...

Jacob Raphael (pictured) has been appointed by Mynd Group as a ... (more…)

#bank#International Trade#invoice


Bibby Financial Services and Coface to provide secure funding...

Bibby Financial Services, a leading provider of financial support and funding solutions to... (more…)

#trade credit insurance


Allianz Trade and Fintecture partner to provide digital ‘Secured...

Allianz Trade, the world leader in trade credit insurance and Fintecture, a fast-growing fintech specialised in B2B payment solutions, partnered…

#Allianz Trade#buy now pay later


High street banks reduce lending to SMEs as demand...

Demand for finance from the UK’s 5.5m small and medium-sized businesses is on the rise at the same time as…

#Colin Goldstein#iwoca#SME lending


Just Cashflow administrators report shows £75m deficit

At the end of December last year, the alternative lender Just Cashflow was placed into administration, amid the company experiencing…

#insolvency


CargoX and CEBS partner to launch TradeLens alternative

Slovenia’s  CargoX, a provider of an electronic trade document platform and CEBS Worldwide, Texas headquartered global integrator of business solutions and…

#CargoX#digitalisation#electronic trade documents


Finastra and Integro team up to manage trade finance...

Finastra, a global provider of financial services software applications and marketplaces, today announced a partnership with Integro Technologies a subsidiary…

#Finastra#risk management#supply chain finance


Czech fintech Roger enters Croatian factoring market

The bank-dominated factoring industry in Croatia has welcomed the Czech fintech Roger, which anticipates development in the sector owing to inflation.This…

#working capital finance


Coface posts record net profit for 2022, with factoring...

In 2022, the group posted a turnover of €1.8bn, up 13.4 per cent at constant exchange rates and scope. The…

#trade credit insurance#Xavier Durand

Mercore executes UK’s first ‘digital Bill of Exchange’ transaction

Mercore, the global trade focused fintech group, today announced that it has executed a trade finance transaction utilising an electronic…

#electronic trade documents#Enigio#ICC UK

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