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Lendo, a Saudi Arabia-based shariah-compliant debt crowdfunding marketplace, has raised SAR 105m (US$28m) in Series B funding led by Sanabil Investments, a wholly-owned company by the Public Investment Fund (“PIF”). The round saw participation from Shorooq Partners, AB Ventures, and...
#alternative financing#debt financing#Lendo
Factoring volume has been growing over the last few years since its introduction to the Egyptian market in 2005, said…
#World Factoring Yearbook
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-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
African Development Bank has signed a US$148m funding agreement for Commercial International Bank of Egypt to support trade finance and…
#African Development Bank
Beltone Financial Holding (Beltone), one of the fastest growing financial institutions in Egypt, announces its consolidated financial and operational results…
#acquisition#digital#financial services
The Abu Dhabi Department of Economic Development (ADDED) has launched the SME Finance Facilitator programme, in partnership with the Emirates…
#SME lending
DP World Trade Finance has partnered with UAE Trade Connect (UTC) to combat invoice fraud across the UAE and revolutionise…
#DP World Trade Finance#UAE Trade Connect
The European Bank for Reconstruction and Development (EBRD) announced that it is set to channel €100m in credit lines to…
The Saudi Export-Import Bank (EXIM Bank) has entered into an agreement with Obeikan AGC Glass Company for an export credit…
#Exim Bank#export credit insurance#trade credit insurance
African Development Bank approves €100m Risk Participation Agreement with Attijariwafa bank to promote African trade.This agreement, the second of its kind…
#AfCFTA#African Development Bank
“Though robust, the Middle East is still catching up with the more mature factoring and SCF markets” says Latif Sheik,…
#supply chain finance
Saudi Awwal Bank has partnered with MasterCard to introduce the leading bank’s SME Business credit card to the Kingdom which…
#Adam Jones#Mastercard#SME lending