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Instant Factoring, the fintech specialising in online micro-financing for companies in Romania, is expanding its operations to the Spanish market. Following a period of "record growth in both Serbia and Romania" in 2023, the company has decided to extend its alternative financing solutions to entrepreneurs in Spain.
20/05/2024
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From the Covid-19 pandemic to the invasion of Ukraine to revived tensions in the Middle East, crisis after crisis has created a challenging and uncertain environment for exporters. Could 2024 bring some light at the end of the tunnel for companies? To find out, Allianz Trade surveyed over 3,000 exporters from China, France, Germany, Italy, Poland, Spain, the UK and the US for the third edition of its Global Survey.
20/05/2024
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To promote trade and foster economic growth in Africa, IFC has announced trade finance facilities with seven Ecobank Transnational Incorporated (ETI) subsidiaries operating in Burkina Faso, Cameroon, Cote d'Ivoire, Ghana, Malawi, Mali, and Togo.
20/05/2024
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Zain KSA, a leading provider of communications and digital services in Saudi Arabia, announced a supplier financing agreement worth SAR 1.625bn (US$433.2m) with Al Rajhi Bank. The investment aims to expand Zain KSA's 5G network and enhance infrastructure to support the business sector.
20/05/2024
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The Trade Receivables Discounting System (TReDS) platform, Receivables Exchange of India Ltd (RXIL), has financed over five million invoices totalling ₹1 lakh crore (US$12bn). The joint venture, which includes SIDBI, NSE, State Bank of India, ICICI Bank, and YES Bank, offers working capital solutions for MSMEs through invoice financing.
20/05/2024
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PHH Corporation (PHH) ("PHH" or the "Company") announced today that on June 11, 2015, PHH Servicer Advance Receivables Trust 2013-1 ("PSART"), an indirect, wholly owned subsidiary of the Company, issued variable funding notes (the "Servicing Advance Notes") in an aggregate maximum principal amount of US $155m in a transaction with Wells Fargo Bank, N.A., as note purchaser and Wells Fargo Securities, LLC, as agent.
20/05/2024
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Time Finance, a leading provider of asset finance solutions, is thrilled to announce the launch of its new ID&V (Identity Verification) technology in partnership with Nivo Solutions.
20/05/2024
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Provident Financial Services, Inc. (Provident) announced yesterday that its merger with Lakeland Bancorp, Inc. (Lakeland) was completed, creating the premier super community banking franchise in the region. The merger of Lakeland Bank with and into Provident Bank has also been completed.
17/05/2024
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Supply@ME joined forces with VeChain to revolutionise supply chain financing (SCF) for small and midsize enterprises (SMEs).
17/05/2024
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The European Bank for Reconstruction and Development (EBRD) is boosting Palestinian export and import activity by providing an additional US$3m to its existing trade finance line with Quds Bank. This brings the total available to US$15m.The trade line increase comes at a crucial time for Palestinian businesses, particularly since the war in Gaza, which started in October 2023, is heavily impacting the Palestinian economy.Quds Bank has been an EBRD client since 2019 and is one of the most active banks in the region in terms of using the EBRD’s trade finance lines.
17/05/2024
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Paragon Bank’s SME Lending division has facilitated a £2.75m funding solution to support Shilling Group’s acquisition of Telford-based specialist logistics company Simmonds Transport.
17/05/2024
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First Capital Bank (FCB) in Zimbabwe has received from African Development Bank (AfDB) US$15m trade finance package to help bolster intra-African commerce in line with the goals of the Africa Continental Free Trade Area (ACFTA).
17/05/2024
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On the sidelines of the recently concluded 2024 Islamic Development Bank (IsDB) Group Annual Meetings and Golden Jubilee Celebrations, African Export-Import Bank (Afreximbank or “the Bank”) concluded arrangements for a facility of US$250m with the International Islamic Trade Finance Corporation (ITFC) and US$100m with the Islamic Corporation for Development of the Private Sector (ICD) in support of trade and projects in Africa.
16/05/2024
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Lendscape, the market-leading provider of commercial finance technology, today announced the launch of Lendscape CONNECT, a revolutionary solution designed to widen access to invoice finance by removing the traditional barriers involved for lenders and their clients.
16/05/2024
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Research from independent SME funder Bibby Financial Services (BFS) finds that women business leaders are facing gender inequality in commercial lending, which is hampering the growth ambitions of many SMEs.
16/05/2024
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