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UAE bank allocates US$272m for SME financing

Obaid Al Tayer, the Minister of State for Financial Affairs and chairman of Emirates Development Bank, said SMEs are the backbone of the UAE economy. Emirates Development Bank (EDB), the state-controlled lender, is allocating about AED 1 billion (US$272m) to...

#SME lending

UK SME bosses aware of P2P lending but cautious...

Almost half of finance directors in small-and-medium-sized enterprises (SMEs) have admitted feeling uncomfortable about using peer-to-peer lending ... (more…)

#bank#invoice#management


UK factoring player appoints former RBS corporate banking head...

...has appointed ... as group chief executive, replacing founder... (more…)

#bank#Henry Howard Finance#invoice


US merger consolidates invoice finance market

Small and medium-sized business (SMB) financing company...is expanding its offering through a new acquisition... (more…)

#invoice#management#Paragon


Tradeshift rolls out Frontiers innovation lab to boost SCF...

Tradeshift has announced the official launch of Tradeshift Frontiers to unlock supply chain... (more…)

#artificial intelligence#blockchain#global trade


Factoring company announces US$30 million finance facility for a...

...has provided a US$30 million credit facility to a trading company specializing in chemicals that are widely used in coatings,…

#cash-flow#funding#international


Singaporean firm builds up a credit granting ecological network...

Based on ethereum smart contract...devotes itself to building up an enterprise credit grading ecological network... (more…)

#blockchain#management#receivables


Strategic partnership to boost SME lending in Austria

...announce a market-leading strategic partnership to offer online loans and credit lines to give Austrian small and medium-sized... (more…)

#alternative lending#bank#fintechs


Britain’s banks provide support for firms hit by Carillion...

Britain’s biggest banks have announced a range of measures to support firms and contractors hit by the collapse of ...…

#bank#security#small business


Lloyds Bank launches new broker channel to meet demand

Lloyds Bank Commercial Banking has launched a dedicated broker team in Manchester to increase the... (more…)

#bank#commercial finance#invoice


UK invoice finance provider changes name

...an UK invoice finance provider, have announced that they will be changing name to... (more…)

#Advantedge Commercial Finance#commercial finance#Flexible Funding


African company to launch innovative US$20m receivables financing program

At the Global Off-Grid Lighting Association conference in Hong Kong...a leading provider of PayGo solar products and services across sub-Saharan...…

#conference#receivables#receivables financing

UK BFS announces measures to support construction SMEs in...

Specialist SME funder, Bibby Financial Services (BFS), has announced  measures to support construction sector... (more…)

#Carillion#financial services#insolvency

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