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HSBC Innovation Banking provides Modify with $100m debt facility

MODIFI, the global cross-border business payments company, has secured a US $100 million debt facility with HSBC Innovation Banking UK to further growth.HSBC Innovation Banking UK offers flexible banking solutions for start-ups, scale-ups, growth businesses, investors and those working towards...

#debt facility#digital platform#MODIFI

More fashion suppliers hit by credit insurance cover cut

Since last December a string of suppliers to the fashion industry have been hit by a reduction in credit insurance…

#Allianz#trade credit#trade credit insurance


Lendscape boosted by Bowmark Capital

Bowmark Capital, the mid-market private equity firm, has made a significant investment in Lendscape, a leading technology provider to the…

#Bowmark Capital#commercial finance#factoring technology


Time Finance appoints Justin Nel as BDM in its...

Time Finance is announcing today the appointment of Justin Nel as Business Development Manager (BDM) in its Invoice Finance team.Justin…

#Time Finance


Time Finance achieves 273 per cent increase in profits...

Following a year of ambitious growth for the alternative SME lender... (more…)

#Time Finance


Treasury Committee of UK Parliament launches inquiry into the...

The Treasury Committee launches a new inquiry into small business access to finance and... (more…)

#bank#Bank of England#business finance


Two in five UK SMEs had to stop or...

Two in five (40 per cent) small and medium sized enterprises (SMEs) have had to stop or pause an area…

#Conister Bank#Douglas Grant#Manx Financial Group


Weavr launches Embedded Finance Cloud

London-based Weavr has announced the launch of Embedded Finance Cloud. The new solution will allow banks and other financial institutions…

#embedded finance


French fintech Aria expands into UK

Every year over £20bn is paid via online platforms to the army of freelance workers working for a range of…

#Aria#embedded finance


Paragon appoints Stewart Good a new Sales Director for...

Stewart Good has been appointed Sales Director for SME Lending at Paragon Bank.Stewart will lead Paragon’s provision of specialist asset…

#John Phillipou#Managerial Appointments#Paragon


Institute of Export & International Trade allocates £5m to...

The Institute of Export & International Trade (IOE&IT) has today launched a £5m Export Support Programme to help UK businesses…

#export finance


BFS acquires Aldermore’s Working Capital Finance business

The UK’s largest independent invoice finance provider, Bibby Financial Services (“BFS”), has acquired Aldermore’s Working Capital Finance division as it…

#working capital finance

Funding Circle closes £240 SME loans backed securitisation

Small business lending platform Funding Circle and Waterfall Asset Management (WAM) have closed a £240m securitisation backed by SME loans.The…

#lending platform#Lisa Jacobs#securitisation

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