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SACE opens Singapore office

Italian export credit agency SACE has inaugurated a Singapore office to facilitate Italian companies in capitalising on burgeoning trade and investment prospects throughout Southeast Asia. The new establishment will oversee more than US$8bn worth of upcoming projects in the Southeast...

#economy#international#investment

Tat Yeen Yap leaves Monetago

On April 3, 2024, a notable shift occurred in the fintech sphere as Tat Yeen Yap bid farewell to his…

#Managerial Appointments


HSBC Singapore backs Indonesian fintech Akulaku with $100M debt...

Indonesian fintech Akulaku Group announced that it has secured US$100m in debt financing from HSBC Singapore.Akulaku aims to deepen its…

#BNPL


Xalts acquires dormant Contour Network to lead digital trade...

Singapore-based fintech platform Xalts, backed by Accel and Citi Ventures, has announced its acquisition of Contour Network, previously owned by…

#digitisation#supply chain finance


Mayer Brown boosts global trade and structured finance with...

Mayer Brown has announced that Janelene Chen has joined the firm's Banking & Finance practice as a partner in Singapore,…

#Mayer Brown


Singapore’s ipaymy launches innovative invoicing platform for SMEs

ipaymy, one of the leading Singapore fintechs specialising in B2B payments, has announced the launch of Fetch—a new invoicing platform…

#invoice management#smes


ChemOne signs US$300m non-recourse receivables finance facility with MUFG...

Singapore-based petrochemicals, green energy and natural resources conglomerate ChemOne Group, has signed a binding definitive facility agreement with MUFG Bank…

#bank#financial services#MUFG


H&M and DBS bank join forces to finance decarbonization

H&M Group is taking a leadership position in establishing collaborative financing solutions that enable the necessary decarbonisation of fashion supply…

#DBS#supplier finance#sustainable financing


MAS partners industry to develop generative AI risk framework...

The Monetary Authority of Singapore (MAS) today announced the successful conclusion of phase one of Project MindForge [1] which seeks…

#AI#Monetary Authority of Singapore#risk


DBS launches new finance solution for SMEs to advance...

DBS today announced a first-of-its-kind hybrid financing solution to help small and medium enterprises (SMEs) access a wider pool of…

#DBS#sustainability


WFY23: ‘Singapore’s factoring volume in 2023 saw an impressive...

The Singapore economy grew by 3.6 per cent in 2022, slower than the 8.9 per cent growth in 2021... (more…)

#Alan Wong#World Factoring Yearbook


Veefin Solutions partners with Tagit to power digitisation

Veefin Solutions Ltd., a global leader in Supply Chain Finance solutions, and Singapore based Tagit, a leading digital banking solutions…

#digitisation#supply chain finance#Veefin Solutions

Funding Societies raises US$27m to expand SME financing

Funding Societies | Modalku, the largest unified SME digital finance platform in Southeast Asia, announced it has successfully raised debt…

#digital finance#ESG#Funding Societies

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