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Surecomp® today announced that Rand Merchant Bank (RMB), has selected its award-winning Trade Finance-as-a-Service (TFaaS) solution to drive seamless digital trade finance operations and international expansion. With an initial rollout in South Africa, the cloud-based solution will be extended to...
#Rand Merchant Bank#surecomp#TFaaS
To make loans more accessible and affordable for small and medium enterprises (SMEs), IFC has set up a risk-sharing facility…
#credit risk#FirstRand Bank#IFC
South Africa’s small and medium-sized enterprises (SMEs) have received a welcome boost with the launch of FundMyPo’s new suite of…
#FundMyPo#invoice finance#purchase order finance
Select Africa, a leading financial institution based in South Africa, has partnered with Veefin Solutions, a global leader in providing…
#digitalisation#fintech#onboarding
The African Development Bank Group and Standard Bank Group (SBG) on Monday signed a landmark financial agreement to enhance funding…
#African Development Bank#Ahmed Attout#Kenny Fihla
China Systems (CS), a global leading trade and supply chain finance (SCF) software provider, and Nedbank, one of South Africa’s…
#China Systems#Nedbank#scf
Investment Overview Verdant Capital Hybrid Fund has made its fifth investment, committing US$2m in junior convertible debentures to UsPlus Limited,…
The Board of Directors of the African Development Bank has approved a financial package for Absa Group Limited comprising a…
#ABSA#AfDB#sustainable finance
To facilitate increased access to financing for small and medium-sized enterprises (SMEs) in South Africa, including women-owned businesses, IFC today…
#FirstRand Bank
MTN, Africa's largest mobile network operator, is planning to offer substantial support to SMEs through its MTN Xlerator, MTN South…
#SME lending#supplier finance#supply chain finance
Old Mutual, a pan-African investment, savings, insurance and banking group, has launched a new business offering to service the SME…
#supply chain finance
Two of South Africa’s leading fintechs, TymeBank and Retail Capital are set to join forces. TymeBank has announced that it…
#working capital finance
Verdant Capital, a Mauritius-based corporate finance firm, recently negotiated US$10m ... (more…)
#ABSA#invoice#management