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Leumi provides £15.5m ABL facility to wool business

Leumi ABL provided a £15.5m structured ABL facility comprising invoice finance, term loan, inventory, and plant and machinery facilities for Standard Wool. The funding will support Standard Wool's growth plans and provide ongoing working capital.Standard Wool UK, headquartered in Bradford,...

#Leumi

Proposed change of Indian factoring law will facilitate access...

The proposed Factoring Regulation (Amendment) Bill, 2020, is expected to give micro, small and medium enterprises... (more…)

#factoring law#receivables discounting#regulation


Digital transformation is crucial for supply chain reform

Amit Ghosh, Head of Asia Pacific for blockchain enterprise software firm R3, explains why... (more…)

#blockchain#supply chain finance


Close Brothers loan book up 9.6% in 11 months

Despite Covid-19, Close Brothers Group PLC reported a significant rise in its loan book... (more…)

#bank#Coronavirus#COVID


Assetz Capital accredited to Recovery Loan Scheme

Assetz Capital has been accredited to the Recovery Loan Scheme (RLS)... (more…)

#Recovery Loan Scheme


VION Investments partners with GemCap in low- and middle-market...

VION Investments (VION) announces an investment in GemCap, a San Antonio based lender with expertise providing credit lines, term loans,…

#GemCap


Afreximbank backs Vista Group acquisition of BICIGUI and BICIAB

African Export-Import Bank (Afreximbank) has closed a... (more…)

#bank#Benedict Oramah#financial services


British Arab Commercial Bank (BACB) strengthens leadership with key...

The London based trade-finance bank announces new roles for experienced banking professionals ... (more…)

#British Arab Commercial Bank


UK trade dropped by 15% in Q2 2021

Data from Tradeshift reveals that UK trade activity dropped by... (more…)

#global trade#liquidity#risk


Finverity appoints Alex Collingwood as Head of Corporate Sales...

Finverity, the supply chain finance platform with a focus on emerging markets... (more…)

#Finverity


Bibby Financial Services names new regional head of corporate

Bibby Financial Services (BFS) has appointed Riana Azam as regional head of corporate for ... (more…)

#bank#commercial finance#financial services


The factoring industry can help Africa emerge from COVID-19 ...

Factoring is a proven financial tool that promotes economic growth, stability and opportunity for... (more…)

#Mark Mandula

Faulu to offer Sh1bn in trade and assets finance...

Faulu Microfinance Bank (Faulu) will lend more than Sh1bn (US$9.24m) to small enterprises in Nakuru, Nyandarua and Laikipia counties in…

#Faulu Microfinance Bank

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