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Iridium Credit has raised US$3m to expand an invoice-verification platform designed to help factoring companies check entire receivables portfolios rather than relying on manual sampling, addressing a weakness brought into focus by the collapse of First Brands. The New York-based...
#accounts receivable#Anthony Eden#debtor confirmation
Unloq has embedded MonetaGo's Secure Financing technology into its trade and supply-chain finance workflows, introducing cross-institutional screening designed to identify…
#duplicate financing#Fraud Prevention#invoice fraud
Judge Lopez denied confirmation of First Brands' joint Chapter 11 plan today. The order runs to a single paragraph: denied…
#bankruptcy#Chapter 11#Chapter 7
The Documents Were Not Missing The evidentiary record from First Brands' combined confirmation and disclosure-statement hearing has been cataloged. The…
#borrowing base#collateral#credit risk