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LiquidX, the global technology solutions provider for working capital, trade finance, and trade credit insurance, has expanded its technology offering to include reporting capabilities for securitisation facilities. LiquidX sourced and facilitated a US$125m accounts receivable (A/R) finance program for a US$20bn company in the technology, media and telecom (TMT) sector.
20/01/2022
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TRF News is pleased to announce that Diego Tavecchia, Head of the Research, Technical Committees and International Affairs Department at Assifact, the Italian Factoring Association, and Chair of the Prudential Risk Committee (PRC) of the European Federation for the Factoring and Commercial Finance Industry (EUF), has joined Editorial Board of TRF News.
20/01/2022
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Time Finance announces that it has introduced a new secured lending product to support the growth and investment plans of British businesses throughout 2022 and beyond.
20/01/2022
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Ghanaian start-up Float has raised US$17m (US$7m equity and US$10m debt) that will be used to strengthen its offer and spread out geographically. Float, present now in Ghana and Nigeria, will use the capital to develop its cash management platform and launch new products.
20/01/2022
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Demica is conducting a survey on the key issues faced by bank practitioners of trade finance. The products covered will include approved payables finance, receivables finance, factoring and trade receivables securitisation.
20/01/2022
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HPD Lendscape, a global leader in secured finance technology, today announced the launch of Lendscape Asset Finance. Cloud native and digital-ready, Lendscape’s features include an intuitive UI, asset-level accounting, and the ability to manage all leases and loans on a single platform.
20/01/2022
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Business owners were already struggling with staff issues in the second half of 2021, well before the January 2022 Omicron spike exacerbated their staff shortage woes, according to national research by leading SME non-bank lender ScotPac.
19/01/2022
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A UAE based trade finance platform, 360tf, has raised US$1.5m in new funds five months after going live. The portal connects banks and businesses to manage their letters of credit (L/Cs) financing needs.“From chasing multiple banks and relentlessly following up for a single quote to availing real-time quotes from multiple banks after initiating a transaction, 360tf has completely reimagined trade finance,” said Nisarg Dugad, who founded the company along with Capt. Sunil Saraf, Pankaj Mundra and Vikram Lodha.
19/01/2022
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Tradeteq, the leading technology provider for bank asset distribution, has selected United Arab Emirates as a base to service its clients in the Middle East, Africa and Indian subcontinent. The firm has incorporated an office at Dubai Multi Commodities Centre (DMCC), which it opened in January 2022.
19/01/2022
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Contour, the digital trade finance network, has appointed Elaine Ng to the newly created role of Head of Innovation.
19/01/2022
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