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MENA

Beltone Leasing and Factoring inks historic syndicated factoring deal...

Beltone Leasing and Factoring, a wholly owned subsidiary of Beltone Holding, has signed the first syndicated factoring deal in Egypt worth EGP 925m (US $29.9m) for Redcon Properties, the real estate development arm of Redcon Group.The agreement, which aims to...

#bank#Banque Misr#liquidity

Magnati and Biz2X launch UAE’s premier SME finance platform

Magnati, a prominent payment solutions provider in the Middle East, has joined forces with Biz2X, a global fintech leader in…

#Biz2X#SME lending


EBRD strengthens support for small businesses in Egypt

The European Bank for Reconstruction and Development (EBRD) is supporting the small and medium-sized enterprise (SME) sector in Egypt with…

#bank#exporters#international


ITFC and Saudi EXIM sign US$25m for Bank Al Habib...

The International Islamic Trade Finance Corporation (ITFC) and the Saudi Export-Import Bank (Saudi EXIM Bank) have signed a US$25m line of…

#Exim Bank#export finance#International Islamic Trade Finance Corporation


Triterras announces collaboration with Card Cutters 

Triterras, Inc. (Triterras) a leading fintech company focused on trade finance, has announced a collaboration agreement with Card Cutters Computer…

#Triterras


Invoice Bazaar teams up with Cari for restaurant working...

Invoice Bazaar, a subsidiary of Triterras which is a leading fintech company focused on digital trade and supply chain finance,…

#factroing#Invoice Bazaar#working capital


InvoiceMate performs first transaction on XDC Network blockchain using...

InvoiceMate, a Dubai-based blockchain invoice finance fintech, has carried out a successful pilot transaction, showcasing the tokenisation of an invoice…

#InvoiceMate#TradeFinex


Triterras collaborates with Mamun to facilitate trade finance in...

Triterras, Inc., a fintech company focused on digital trade and supply chain finance has announced a strategic alliance with... (more…)

#Ashish Srivastava#supply chain finance#Triterras


Phoenix Holdings consolidates credit activities in Phoenix-Gama, its SMEs finance...

Phoenix Holdings Ltd., a leading Israel-based financial, insurance, and investment group (Phoenix) has announced that it is consolidating its credit…

#financial services#guarantees#management


Saudi debt crowdfunding marketplace Lendo secures $28m in Series...

Lendo, a Saudi Arabia-based shariah-compliant debt crowdfunding marketplace, has raised SAR 105m (US$28m) in Series B funding led by Sanabil…

#alternative financing#debt financing#Lendo


WFY’23: ‘Factoring volume has been growing over the last...

Factoring volume has been growing over the last few years since its introduction to the Egyptian market in 2005, said…

#World Factoring Yearbook


Egypt’s Beltone signs its first factoring agreement

Beltone Financial Holding ("Beltone"), one of the fastest growing financial institutions, announces that its wholly owned subsidiary Beltone Leasing and…

#financial institutions#leasing#Propel

UAE fintech startup Flow48 secures $25 million in pre-Series...

UAE-based fintech start-up Flow48, which provides SMEs with access to revenue-based financing, has secured US$25m in a pre-Series A funding…

#financial services#insurance#SME lending

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