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Comments from industry specialists on UK interest rates announcement

Following today’s interest rates news, James Burgess, Head of Commercial and Insolvency expert at Atradius UK, said: "After years of waiting, businesses and consumers across the UK finally got some relief last month when rates were cut to 5 per...

#Atradius#Douglas Grant#interest rates

CPS closes US$416.82m asset-backed securitisation

Consumer Portfolio Services (CPS) has concluded its fourth term securitisation of 2024, totaling US$416.82m in asset-backed notes. The notes are…

#asset/backed notes#Consumer Portfolio Services#CPS


Catamount Funding launches purchase order financing

Catamount Funding (Catamount), a US provider of receivables finance solutions, has announced the launch of a new product, purchase order…

#cash flow constrains#Catamount Funding#purchase order financing


Bizongo launches embedded SCF platform and makes new appointments

Bizongo, a B2B specialist in supply chain financing (SCF) has launched BizongoFin and BizongoBuy, two new platforms. Backed by Accel…

#Bizongo#BizongoBuy#BizongoFin


Lenvi comments on UK inflation today announcement

Following this morning's inflation announcement, Lenvi, a fintech company powering loans for 150+ lenders including Santander, Barclays, Metro Bank and…

#bank#inflation#Metro Bank


White Oak Commercial Finance hires two new executives

White Oak Commercial Finance (WOCF), an affiliate of White Oak Global Advisors, today announced the hiring of two new executives:…

#asset based lending#DeBernardo#eCapital


DP World and Nedbank partner to boost trade financing...

Businesses across sub-Saharan Africa that face working capital challenges, stand to benefit from a new partnership between DP World Trade…

#DP World#Nedbank#trade finance


PKO Faktoring reports 50% turnover growth in H1 2024

PKO Faktoring reported a turnover exceeding PLN21.5bn (€5.037bn)  in the first half of 2024, marking a 50 per cent year-on-year…

#factoring#PKO Faktoring#Polish Factors Association


Veefin acquires EpikIndifi in US$14.9m deal, expanding digital lending

In its third recent acquisition, the Veefin Group of Companies has acquired EpikIndifi, a digital lending platform, in a cash…

#aquasition#digital lending#EpikIndifi


PRA relaxes capital requirements under Basel 3.1 for trade...

The Bank of England is aligning with the US Federal Reserve by relaxing capital requirements for lenders under the Basel…

#capital requirements#PRA#SME lending


Fora Financial closes US$126.9m receivables securitisation

Fora Financial, a leading provider of financing to small and medium-sized businesses (SMBs) across the United States, announced today the…

#account receivables#Fora Financial#receivables securitization


HABIBMETRO delivers enhanced SCF solution to Pak Suzuki

HABIBMETRO, a Pakistani subsidiary of Swiss bank Habib Bank AG Zurich,  has entered into a strategic partnership with Pak Suzuki…

#HABIBMETRO#Pak Suzuki#supply chain finance

Credlix expands into Mexico with US$50m investment from Moglix

Credlix, a Mumbai-headquartered international supply chain financing platform, has expanded into Mexico with a US$50m investment from Moglix, Asia's largest…

#Credlix#export finance#Moglix

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