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Credit Acceptance Corporation (CACC) has announced the completion of a US$550m non-recourse secured asset-backed financing (ABF). In accordance to this transaction, CACC conveyed loans of approximately US$687.7m to a wholly owned special purpose entity which will transfer the loans to a trust....
#interest#interest rate#Trust
Vilnius-based Fortress Factoring, a tech startup providing factoring and supply chain finance to SMEs, has announced its plans to expand…
#supply chain finance
Citi has announced the launch of Citi Commercial Bank (CCB) in Japan. This launch is part of the Citi’s strategy to…
#working capital finance
Fintech company Marco has provided US$20m factoring facility to a NY-based exporter. This facility underlines Marco’s commitment to supporting the…
#fintech#innovation#smes
Following the release of the Bank of England interest rate today Michael McGowan, Managing Director, Foreign Exchange, Bibby Financial Services,…
#Bank of England#interest rate#working capital
The Conservatives, Labour and Liberal Democrats have all made promises to tackle the late payments crisis harming businesses.Labour says it…
#Atradius#insolvency
Generalfinance S.p.A. (Generalfinance) a company listed on Euronext STAR Milan and a financial intermediary specialised in factoring to SMEs, announces…
#Generalfinance
CODIX has announced its latest achievement of ISO 27001:2022 certification. This new certification reinforces that security remains a cornerstone of…
#CODIX#commercial finance#data protection
LSQ, a leading provider of working capital and payments management solutions, recently originated a US$3m accounts receivable (AR) finance facility for…
#working capital
Triumph Financial, Inc. and global logistics provider C.H. Robinson have announced a strategic relationship focused on delivering finance solutions to the transportation industry.C.H. Robinson…
#Triumph Financial
Leading SME finance provider, Time Finance, has appointed Fozia Riaz as the Head of Business Improvement in a move that…
#Aldermore#business finance#invoice
At FCI’s 56th Annual Meeting which took place in Seoul, South Korea last week, key note speaker, Kai Fehr, Global…
#Cagatay Baydar#guarantees#invoice
Allianz Trade and specialist credit and political risk insurance broker BPL have teamed up to streamline data sharing between underwriters…
#Allianz Trade#digitisation