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South Africa

Leading South African fintechs set to merge

Two of South Africa’s leading fintechs, TymeBank and Retail Capital are set to join forces. TymeBank has announced that it is acquiring Retail Capital, which will strengthen the influence of both companies in the fintech and financial marketplace in South...

#working capital finance

Invoice finance fintech UsPlus raises US$10m in debt capital

Verdant Capital, a Mauritius-based corporate finance firm, recently negotiated US$10m ... (more…)

#ABSA#invoice#management


South African factoring volume increases 19% in 2020

South Africa has eight major specialist debtor financiers and approximately 30 privately owned debtor financiers, said Nompumelelo KarumbidzaNational Manager: Sales –…

#invoice#management#Nedbank


South African BBC urges government to pay small businesses...

he Black Business Council (BBC) has requested the President Cyril Ramaphosa to make sure that... (more…)

#overdue invoices


ECIC expands offering for South African exports to Africa

The South African Export Credit Insurance Corporation (ECIC) product offerings will be expanded... (more…)

#export credit insurance#exporters#exports


Absa and Addendum Financial Services processed more than 20,000...

Absa in collaboration with Addendum Financial Services (Addendum) provides... (more…)

#ABSA#supply chain finance


David Cory to retire this month

David Cory is retiring this month after more than 20 years in the South African... (more…)

#international#invoice#management


Tradeshift partners with Raindew for new supplier payment scheme    

Tradeshift, which works in supply chain payments and marketplaces, has teamed with... (more…)

#Tradeshift


Ninety One launches US$600m fund for South African firms...

British asset management company, Ninety One has embarked on an impact investment initiative... (more…)

#bonds#COVID-19#management


First South African Bank to join Marco Polo Network

The Marco Polo Network and Standard Bank Group announced that Standard Bank has joined the Marco Polo Network... (more…)

#bank#blockchain#ING

South African invoice financier to offer R1bn (US$71m) to...

...a fintech specialized on invoice finance, member of the South African SME Finance Association... (more…)

#bank#bank loan#international

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