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Northrim BanCorp, Inc. (Northrim) has announced the acquisition of Sallyport Commercial Finance, LLC (Sallyport) in an all cash transaction that closed on October 31, 2024 and is valued at approximately US$53.9m. Sallyport is a leading provider of factoring, asset based...
#factoring asset based lending#Mike Huston#Nick Hart
Finastra, a global provider of financial services software applications, together with DXC Luxoft, a global banking and capital markets consulting…
#Cristina Pene#DXC Luxoft#Finastra
YouLend, a global embedded financing platform announces that it has secured a new financing facility with funds managed by Castlelake,…
#Alex Curcio#Anders Torpe Christoffersen#asset based lending
Finacity Corporation (“Finacity”), a White Oak Company, today announced that it has facilitated an increase from US$40m to US$45m for…
#accounts receivable#receivables securitisaton
SLR Business Credit, and its parent company SLR Capital Partners, has announced the addition of Travis Pocock as Senior Vice…
#accounts receivable#asset based lending#factoring
Clara Capital Servicing LLC (Clara Capital), a leading provider of innovative financial lending solutions for small and medium sized businesses…
#accelerate growth#Clara Capital#Matthew Byron
Rapid Finance, a leading small business (SMB) banking platform specialising in providing customised financing solutions, announced the availability of its…
#commercial finance#disclosure requirements#financial disclosure
PayPal has successfully conducted its first business transaction with its stablecoin, PayPal USD (PYUSD), as reported by Bloomberg. The transaction…
#B2B payments#PayPal
Fintech firm Storfund has partnered with TikTok Shop to introduce the first fully embedded cash flow solution in a major…
#cashflow finance#embedded finance#invoice finance
Stenn, the leading digital fintech enabling growth for businesses engaged in international trade, e-commerce and digital services, today announced the…
#expansion#fintech hub#Noel Hillman
White Oak Commercial Finance, LLC (White Oak), an affiliate of White Oak Global Advisors, closed a new US$120m 3-year senior…
#asset based lending#Kevin Cox#Kevin Sauder
Stonebriar Commercial Finance (Stonebriar), a leading provider of asset-based private credit solutions with US$7.3bn of owned and serviced assets, announces…
#Dave B. Fate#Nicholas Sandler#Stonebriar Commercial Finance
Cautious optimism marked the second quarter in the asset-based lending market as banks and other lenders saw a rise in…
#asset based lending#Commercial Finance Association#Richard D. Gumbrecht