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2024 got off to a challenging start for the fintech market globally, driven by ongoing concerns related to geopolitical uncertainty and high interest rates, According to the H1’24 edition of KPMG’s Pulse of Fintech. Total global investment declined from US$62.3bn...
#fintech#investment
The SME Finance Taskforce, comprising major banks, alternative lenders, fintechs, accountancy software providers, payment schemes, credit reference agencies, and industry…
#alternative finance#fintech#sme finance taskforce
International Finance Corporation (IFC) and Citi have agreed to implement a US$500m facility in Mexico as the first project under…
#ABL#Citi#IFC
Veefin Solutions has appointed Parag Ekbote as CEO of GlobeTF, a Veefin's subsidiary specialising in Transaction Banking solutions. With nearly…
#Parag Ekbote#Veefin
The U.S. Small Business Administration (SBA) has recognised that its previous working capital line product was ineffective for lenders. Now,…
#asset based lending#SBA#sme finance
Cashflows has announced that its flexible, fixed-fee business funding solution, Cashflows Advance, has been added to Judopay’s offering. The move…
#Cahsflows#Judopay#sme finance
NTT Data has partnered with Aeon Bank to create a supply chain finance system using iQuattro, centralising commercial flow data…
#Aeon Bank#NTT Data#supply chain finance
Monkey, Latin America's leading fintech for working capital financing, founded by Brazilian entrepreneurs Gustavo Muller, Bruno Oliveira, and Felipe Adorno,…
#accounts receivables finance#fintech#monkey
NatWest Group has announced that Paul Edwards has been appointed to lead the banking group’s asset finance business (ABL), Lombard,…
#Andy Gray#Ian Isaac#Lombard
Banks and lenders providing invoice finance depend on data to manage their risk, said Elliot Avison CEO of dancerace, in…
#Dancerace#Elliot Avison#RiskOps
eCapital Corp. (“eCapital”), a leading tech-enabled finance provider specialising in tailored solutions for businesses across North America and the United…
#asset based lending#commercial finance#eCapital
IFC is investing US$150m in TBC Bank, Georgia's largest bank, to boost access to finance for its small and medium…
#IFC#sustainability#TBC Bank
CIT Commercial Services, a subsidiary of First Citizens Bank, has provided up to US$48m in financing to Crown Crafts Inc.,…
#ABL#CIT Commercial Services#Crown Crafts