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Invoice finance fintech Lamaa had secured a US$5.5m seed round, the largest one in Saudi Arabia. The round was co-led by Saudi Aramco’s entrepreneurship arm Wa’ed and Raed Ventures.
03/12/2021
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DBS India has launched a paperless offer for the financing of domestic invoices. With this solution, the bank eliminates the use of paper documents, making the entire financing journey digital. DBS customers can share details of their transactions through IDEAL (DBS' digital banking platform) and then data is validated on Eway Government bill portal.
03/12/2021
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IndiaMART announced that they acquired a stake in Mynd Solutions, a company which runs ‘M1xchange’, India’s largest TReDS platform. The deal amounted INR 32.4 crore (US$4.31m) and provided a part exit to SIDBI Venture Capital Limited, and an early investor in the company.
03/12/2021
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Gulf International Bank (GIB) Saudi Arabia won the ‘Best Islamic Receivable Finance Award 2021’ at the Saudi Trade Finance Awards, reported Al Bawaba.
03/12/2021
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Time Finance announces they have appointed Jake Bebbington as Business Development Manager (BDM) to drive their commercial loan offering in the North of England. The newly created role is reflective of the firm’s commitment to providing funding solutions that inspire growth and prosperity to UK SMEs across the nation.
02/12/2021
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The Digital Banker announces their Global Transaction Banking Innovation Awards for 2021.
02/12/2021
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CaixaBank has been named 'Bank of The Year 2021 in Spain' by the leading industry magazine The Banker, owned by the Financial Times Group. This marks the first time in its history that CaixaBank has won this accolade by the financial magazines The Banker, Euromoney ('Best Bank in Spain 2021') and Global Finance ('Best Bank in Spain 2021') in the same year.
02/12/2021
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The European Bank for Reconstruction and Development (EBRD) is extending a new loan of up to €25m to Erste Bank Serbia to support the resilience of small and medium-sized enterprises (SMEs).The loan will provide short-term liquidity to Erste Bank’s clients in Serbia and help alleviate the negative impacts of the Covid-19 pandemic. The financing should aid the swift recovery of the country’s economy and strengthen its resilience in the medium and long term.
01/12/2021
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In Eastern Europe, despite the challenges faced during the second year of the pandemic, payment practices hold steady.
01/12/2021
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The Dublin-headquartered invoice-financing company Accelerated Payments and Virgin Money partner to help UK businesses, customers of the bank, benefit from invoice finance.
01/12/2021
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