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Invoice discounting platform receives funding boost

Prime Venture Partners has announced that it has invested USD750,000 in KredX, an invoice-discounting platform that connects credit-worthy MSMEs looking to raise working capital against their unpaid invoices to individual financiers (more…)

#AI#discounting platform#invoice

Togo to become full Afreximbank member

Togolese President Faure Gnassingbй, speaking when he visited the Headquarters of Afreximbank in Cairo, pledged that Togo would take prompt…

#bank#Benedict Oramah#trade


HSBC supports UK toy firm with invoice finance

A UK-based distributor of toys and collectables has reported that it has expanded its product range with the support of…

#funding#international#invoice


Bibby Canada partners with grill maker

Bibby Financial Services Canada announces a successful working partnership with Alberta-based grill-maker... (more…)

#bank#commercial finance#financial services


RBS Invoice Finance supports UK pet firm

Loving Pets UK Ltd – a UK wholesaler of pet product supplies – has reported that it is forging ahead…

#Access Capital#Business Development Manager#invoice


Cascade Receivables Management adds to its team

Cascade Receivables Management, LLC (Cascade RM) has announced the newest addition to its’ team... (more…)

#bank#Bank of America#management


Thermo Credit provides factoring facility to engineering firm

Thermo Credit, LLC has provided a USD500,000 factoring facility to... (more…)

#AR#capital requirements#funding


Technavio predicts factoring growth

The global factoring market is expected to generate USD4.63trn by 2020, growing at a CAGR of 11 per cent during…

#emerging markets#funding#global factoring


SAP Ariba teams up with PrimeRevenue

SAP Ariba has announced that it is teaming with PrimeRevenue to deliver a multi-funder supply chain financing platform as part…

#cloud#digital#management


Scottish recruitment firm backed by Ultimate Finance

Edinburgh’s Peace Recruitment Trades and Labour has reported that it continues to grow, backed by a GBP500,000 invoice finance facility…

#invoice#WHO


Crestmark’s busy end to March

Crestmark secured a total of USD7,485,000 in financial solutions for nine new clients in the second half of March. (more…)

#working capital


Oberbank AG to use FACT.pilot for its factoring business

The Austrian Oberbank AG has decided to use FACT.pilot, the software of fidis GmbH, to assist it in its factoring…

#insolvency#invoice#management

PFG releases factoring glossary

Paragon Financial Group, a 22-year-old factoring company, has announced the launch of an extensive glossary of small business accounting, finance…

#AR#non-recourse factoring#Paragon

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