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LOLC Al-Falaah, a leading provider of alternative financial solutions in Sri Lanka, has launched "Al-Falaah Wakalah Future-Cash," the country’s first Shariah-compliant factoring facility. Designed to provide businesses with a viable alternative to traditional factoring, invoice discounting, and cheque discounting, this...
#Al-Falaah Wakalah#factoring#factoring facility
NDB Bank has launched TradeLinc, a new in-house platform designed to provide Sri Lankan businesses with supply chain financing (SCF)…
#digital SCF platform#fintech#NDB Bank
Seylan Bank has expanded their financial services with ‘Seylan Factoring’, a tool that allows businesses to raise liquidity based on…
#Cash flow#factoring#Seylan Bank
The Commercial Bank of Ceylon (ComBank), based in Sri Lanka, has recently announced a new partnership with the International Finance…
#SME lending#supply chain finance
The Asian Development Bank (ADB) has approved a US$100m loan to provide SMEs in Sri Lanka more access to finance…
#ADB#guarantees
Merchant Bank of Sri Lanka & Finance PLC (MBSL) recently signed an agreement with ... (more…)
#receivables management
The Asian Development Bank (ADB) has provided a guarantee for a US$25m trade loan to the... (more…)
#ADB#Asian Development Bank
HSBC has revealed that it is launching a web-based supply chain platform specifically for... (more…)
#bank#blockchain#invoice
HSBC Sri Lanka which is investing to transform Sri Lanka’s trade finance sector with tech and innovation, got... (more…)
#bank#invoice#management
With its strong ethos of nurturing and fostering micro and SMEs in the country to... (more…)
#bank#business finance#emerging markets
Sri Lanka-based Hatton National Bank(HNB) has selected Finacle Trade Connect to enable a blockchain-based domestic and cross-border trade finance network.…
#bank#blockchain#risks
The Government of Sri Lanka launched “Empower,” its latest effort to assist small and medium-sized enterprises... (more…)
#guarantees#interest rates#international
The ability of small and medium-sized enterprises (SMEs) to establish themselves and scale their operations is integral to Sri Lanka…
#ADB#bank#international