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Mexico

Prompt Payment initiative to reduce payment terms for Mexican...

The Prompt Payment initiative to shorten payment terms of invoices to Mexican SMEs from 120 to 45 days was approved last week by the Commission on Economy, Commerce and Competitiveness of the Chamber of Deputies. The initiative, which was launched...

#Drip Capital#MSME finance

Tangelo commences disbursement of $45m DFC credit line

Tangelo, Latin American financial technology company specialising in alternative credit, announces that it made its first disbursement of the approved…

#funding#receivables#smes


Marco Polo Network goes live with SMBC Americas and...

The world’s first blockchain-enabled, distributed network for supply chain trade finance and payment solutions, Marco Polo Network (formerly TradeIX) further…

#blockchain#Marco Polo#receivables financing


Factoring in Mexico ‘decreased almost 14 percent in 2020’

Without any doubt, 2020 has been one of the most challenging years that we have lived as mankind and as…

#World Factoring Yearbook


Credijusto to build ‘first true digital bank for SMEs’

Credijusto, a Mexican fintech, was turning Covid-19... (more…)

#Credijusto


Finacity facilitates expansion & extension of receivables securitisation program...

Finacity Corporation (Finacity) successfully assisted in the expansion of CEMEX, S.A.B. de C.V.’s (CEMEX) existing MXN 1.8bn (USD 90.98m) receivables…

#CEMEX


Mexican firm Uniclick looking to develop digital factoring  

After a challenging first year during the pandemic, Uniclick expanding rapidly in 2021. From January to April 2021, the company…

#Unifin


Should Mexican factoring start to tremble after Greensill fall?

Victor Portillo, Head of Product, Banco Monex expresses his views about... (more…)

#Greensill


Mexican fintech acquires factoring platform

Credijusto, a financial technology company focused on lending to small and medium-sized companies (SMEs) in Mexico, announced today the acquisition…

#Credijusto


Factoring is gaining popularity with large firms in Mexico

Faced with restrictive commercial banking to finance, companies in Mexico... (more…)

#Drip Capital#invoice#liquidity


Mexican privat sector and IDB agree US$12bn loan scheme...

The Inter-American Development Bank (IDB) and a major Mexican business lobby announced yesterday a program to provide up to US$12bn in loans…

#COVID-19


Banco Santander to conclude US$110m master receivables factoring agreement...

The lawyer firm Hogan Lovells advised Banco Santander on... (more…)

#Banco Santander#Vitro

Finacity facilitates MXN$750m securitisation

Finacity Corporation (Finacity) announces that it has successfully facilitated a MXN$750m consumer loan securitisation program of Crédito Real, S.A. B.…

#securitisation

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