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The British Business Bank has agreed an ENABLE Guarantee transaction of up to £100m with Cynergy Bank PLC, to support its asset-based lending arm Cynergy Business Finance Limited expand its lending to UK small businesses. The transaction will support Cynergy...
#asset based lending#British Business Bank#Cynergy Business Finance
Finastra, a global provider of financial software applications, announced its leading cloud-based loan document preparation system, LaserPro, is now offering…
#Finastra#Laser-Pro#regulatory compliance
The Strategic Banking Corporation of Ireland (SBCI) CEO, June Butler, and the Vice President of the European Investment Bank (EIB),…
B2B payments are undergoing a major transformation. Supplier portals—once used by just a handful of customers—now account for up to…
#AI#invoice submission#invoice tracking
The European Investment Bank (EIB) and Banca Popolare di Sondrio have signed a new agreement to mobilise over €300m in…
#Banca Popolare di Sondrino#EIB#sme finance
Clearlake Capital Group, L.P., (together with certain of its affiliates, “Clearlake”), last week announced that it has entered into a…
#Anthony Jabbour#Clearlake#Dun & Bradstreet
Vietnam’s factoring industry entered 2023 with high expectations, especially with regard to export factoring which is the mainstay of the…
#factoring#Le Ngoc Hieu#Nguyen Minh Anh
The Board of Directors of the African Development Bank Group has approved a US$25m trade finance transaction guarantee facility for…
#Adam Amoumoun#African Development Bank#Bank of Africa Madagascar
Yue Da International Holdings Limited (Yue Da International), through its wholly owned subsidiary Yueda Commercial Factoring, has announced a new…
#Yile Trading#Yue Da International#Yue Da International Holdings
Robert Vasquez, original founder of FactorFox, has reacquired both FactorFox and its Latin American counterpart, iProveedor. This strategic return marks…
#ABL#AI#FactorFox
Jindal Stainless, Indian top stainless steel producer, along with its subsidiary Jindal Stainless Steelway Limited, has acquired a 9.62 per…
#Anurag Mantri#Jindal Stainless#M1xchange
CredAble, India’s largest working capital technology platform, announced that it has successfully crossed INR 250 crore (US$29.14m) in trade receivables…
#CredAble#Manu Prakash#Pass-Through Certificates
Allianz Trade in Asia Pacific has appointed Wongi Kim as the new country manager for South Korea, effective April 1,…
#Allianz Trade#Andy Ryoo#Global Insolvency Report