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iwoca secures £200m in funding from Citi and Waterfall

iwoca, one of Europe’s largest SME lenders, has secured a £200m debt funding package from Citi and Waterfall Asset Management. This funding enables iwoca to increase its SME loan ceiling to £1m. Over the past two years, the company has...

#fintechs#management#smes

BFS: Surge in bad debt piles pressure on SME...

The value of bad debt suffered by small businesses has surged by a staggering 127 per cent, according to a…

#bad debts#BFS#Bibby Financial Services


Small Business Commissioner to launch new Fair Payment Code...

The Small Business Commissioner, with the support of the Department of Business and Trade, will be launching a new Fair…

#Fair Payment Code#Gareth Thomas#late payments


Manx Financial comments on UK investment stagnation

Commenting on national investment stagnation despite inflation falling below 2 per cent for the first time in over three years,…

#Douglas Grant#inflation#investment stagnation


Ebury opens New Zealand office bringing essential competition to...

Ebury, one of the world’s fastest-growing global fintechs, has opened its first office in Auckland, New Zealand. With this strategic…

#cash management#fintechs#international


Tax incentives high on SMEs’ wish list for upcoming...

Ahead of a “painful” Budget expected this autumn, new research from independent SME funder Bibby Financial Services (BFS) reveals that…

#bank#commercial finance#financial services


Kredit Hero debuts in the Philippines, transforming SME financing...

Kredit Hero, Asia’s first AI-powered lending marketplace for small and medium-sized enterprises (SMEs), has expanded its operations to the Philippines,…

#AI#artificial intelligence#SME financing


Unifiedpost Payments receives authorisation from NBB to purchase receivables

Unifiedpost Group SA (Unifiedpost), a leading provider of integrated business communications, announced that its payment institute, Unifiedpost Payments SA, has…

#bank#digital#invoice


Norland Capital invests in Dancerace to boost business services 

Dancerace, a leading provider of software systems for global banks and business lenders, today announced a significant new investment from…

#financial services#international#invoice


IHC announces formation of Rorix Holdings, a global trading...

International Holding Company (IHC), the global diversified Abu Dhabi-based conglomerate, has formed Rorix Holdings, a groundbreaking global finance and trade…

#financial services#international#International Trade


Evolution of the factoring industry in Nicaragua

According to the latest data from FCI, the global factoring industry grew by 3.6 per cent in 2023. Roberto Gutiérrez…

#bank#financial services#smes


Commercial International Bank Egypt launches “Sustainable Finance Loan” for...

Commercial International Bank (CIB), Egypt’s leading private-sector bank, has announced that it has launched its new “Sustainable Finance Loan” targeting…

#bank#international#smes

Aura partners with Reem Finance to revolutionise SME finance...

Aura, a fintech company specialised in invoice finance solutions for SME cash flow, has signed a Memorandum of Understanding (MOU)…

#guarantees#invoice#payment terms

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