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Mynd FinTech, a subsidiary of M1xchange, has launched UFX (Unified Financing Xperience), a consolidated supply chain finance (SCF) platform for large corporates managing working capital across payables and receivables. The platform is being introduced at a time when SCF programmes...
#supply chain finance
DBS Bank India has extended a INR 670 crore (US$74.8m) Sustainability-Linked Trade Facility (SLTF) to Indorama India Private Limited (Indorama),…
#working capital
Finastra, a global leader in financial services software, today announced the opening of two new offices as part of its…
#payments
CredAble, India’s largest working capital technology platform, and Trademo, a global AI-powered intelligence, compliance, and digitisation solution, announced a strategic…
#trade finance
Fintech SaaS startup CredFlow has received a non-deposit taking NBFC licence from the Reserve Bank of India (RBI), enabling its…
#invoice discounting
The manufacturing-services platform Zetwerk has secured an invoice-discounting facility worth INR 265 crore (approximately US$30m) through fintech firm TradeCred. The…
SG Finserve’s board has approved Vinay Gupta’s appointment as Chief Executive Officer (CEO). He is expected to assume the role…
A new global payment mechanism aimed at simplifying and accelerating cross-border transactions for Indian exporters has been introduced by rivexa,…
State Bank of India (SBI) is strengthening its trade finance operations with the establishment of a centralised digital hub for…
#SBI#State Bank of India#trade finance
SIDBI (Small Industries Development Bank of India) has partnered with MonetaGo to deploy its globally proven digital public infrastructure solution…
#fraud#MonetaGo#SIDBI
Drip Capital Inc., a leading digital trade-finance company serving small and mid-sized exporters, has secured a US$50m committed credit facility…
#Drip Capital#TD Bank#trade finance
Tally Solutions, a leading player in the Business Management Software (BMS) space, has integrated NPCI Bharat BillPay Ltd.’s (NBBL) Bharat…
#Bharat Bill Pay#collections#invoice
CapitalXB, a Mumbai-based trade finance company focused on supporting small and mid-sized enterprises (SMEs), has secured US$15m in a combination…
#CapitalXB#factoring#invoice discounting