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MENA

Fluent Finance to offer trade finance in Abu Dhabi...

US-based Fluent Finance has expanded its global reach by opening... (more…)

#blockchain#digital#global trade

ZIM launches ‘Ship Now, Pay Later’ with 40Seas

ZIM Integrated Shipping Services Ltd has announced the expansion of its partnership with cross-border trade financing platform 40Seas, integrating the…

#40Seas


Fintech Agel raises funds to support Egyptian MSMEs

Egyptian fintech Agel has announced it has successfully closed a pre-seed round for undisclosed seven-digit figure, led by MENA-focused venture…

#working capital


RAKBANK selects Newgen software to power SCF

Newgen Software, a global provider of low code digital transformation platform, announced that RAKBANK, a leading financial institution in the…

#digitalisation#digitisation#Newgen Software


WaveBL gets $26m to break ‘paper addiction’

WaveBL, an Israeli provider of electronic Bills, has successfully raised $26 million in its latest funding round, consolidating its position…

#blockchain#digitalisation#digitisation


UAE invoice finance fintech welcomes new investor

Sharakah, a closed joint stock company in Oman has decided to invest in ... (more…)

#Beehive#funding#invoice


FAB signs first supply chain finance programme in Saudi...

Alfanar has become the first local client in Kingdom of Saudi Arabia to benefit from... (more…)

#First Abu Dhabi Bank#supply chain finance


e& enterprise acquires Beehive

UAE firm e& enterprise announced the signing of the agreement to acquire majority stake in the digital SME finance platform, Beehive.Founded…

#Beehive


Goldman Sachs provides US$150m BNPL securitisation in Saudi Arabia

Saudi Arabian buy now, pay later (BNPL) provider Nakhla for Information Technology Systems LLC (Tamara) has landed a US$150m warehouse…

#BNPL#Goldman Sachs#receivables securitisation


Iran facilitates factoring services via newly launched banking scheme

In a ceremony in Tehran this week, Iran’s finance minister Ehsan Khandouzi has announced the launch of the first banking…

#bank#bank loan#banks


Saudi SME bank allocates US$2.8bn for SME financing

Saudi Arabia’s Small and Medium Enterprises Bank (SME Bank), a development bank under the National Development Fund, announced the allocation…

#SME bank


Crédit Agricole opens factoring company in Morocco

The Moroccan government has recently authorised Crédit Agricole du Maroc to create its factoring subsidiary. The new structure - Crédit Agricole…

#bank#guarantees#management

ICC to hold 2nd edition of the Global Trade...

ICC UAE announces the 2nd edition of Global Trade Facilitation Summit 2023... (more…)

#emerging markets#exporters#risk

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