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The TCW Group, a leading global investment firm with over US $200bn of assets under management, has announced the launch of a dedicated Asset-Backed Finance ("ABF") business that will be anchored with over US $1bn in capital commitments from TCW, partners, and affiliates.
30/01/2024
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Optimum Finance, an invoice finance specialist, has promoted Iain Hendry to lead national sales. Hendry, an invoice finance expert with more than 15 years in the industry, joined Optimum Finance four years ago as the Senior Regional Director.
29/01/2024
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The European Bank for Reconstruction and Development (EBRD) has commenced cooperation with AIK Banka in Serbia with an inaugural loan of €50m for on-lending to local small and medium-sized enterprises (SMEs). As part of the loan agreement, AIK Banka is set to invest at least 30 per cent of the proceeds in Serbia’s green economy.
29/01/2024
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YouLend, a global finance platform, has closed a private securitisation deal with JP Morgan as a senior lender and Castlelake, L.P. providing subordinate debt. Based on this agreement, YouLend will be able to provide £4bn, in additional revenue-based financing to small and medium-sized enterprises (SMEs) across the EU and the UK.
29/01/2024
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Fiducia Commercial Network, the commercial finance ‘appointed representative’ (AR) network, announces a new Introducer partnership with leading business finance lender Playter.Playter, an invoice finance SMEs lender, has signed an introducer agreement with Fiducia Commercial Network. This strategic partnership marks a significant milestone as Playter’s first collaboration with an aggregator, paving the way for enhanced accessibility and support for commercial finance brokers across the UK.
29/01/2024
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Targeted Lending, a player in the equipment finance sector, recently achieved a notable milestone with a $50m credit facility from Wells Fargo Capital Finance.
29/01/2024
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Unlocking the future: SCFS24 highlights trends shaping supply chain finance
29/01/2024
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As was the case worldwide, the first year of COVID-19 had a severe, disruptive effect on the Portuguese economy, said Vitor Graça, Secretary-General, Portuguese Association of Leasing, Factoring and Renting, in his article included in the most recent
26/01/2024
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As I stand amidst the vibrant city of Madrid at the tail of January, Day One of the 10th Supply Chain Finance Summit (SCFS24) unfolds, bringing together a gathering of key players in supply chain finance. Alejandro Gonzalez, Asset Finance Group Editor at Global Data, reveals more about it. The spotlight is firmly on the transformative power of fintech companies that are reshaping the landscape of financial services for small and medium enterprises (SMEs).
26/01/2024
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Surecomp® has announced the appointment of Achraf Abourida (pictured) as Head of Product Management to accelerate digital trade finance innovation.
26/01/2024
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The International Factoring Association (IFA) added Lenders Funding, LLC, to their Preferred Ally Membership Program.
26/01/2024
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Societe Generale and IFC, a member of the World Bank Group, have signed a Collaboration Framework Agreement to accelerate on sustainable finance in developing countries, as part of both institutions’ shared ambition to contribute to the UN Sustainable Development Goals (SDGs) and strong commitment to the environmental transition and sustainability.
25/01/2024
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The new report by Verisk Maplecroft highlights a surge in political and security risks across 27 out of 40 emerging market manufacturing hubs, as multinational companies shift supply chains to mitigate geopolitical tensions.
25/01/2024
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Insurance consulting and brokerage firm, Servir, has entered a commercial partnership with Fibus, a consulting company specialising in brokerage and digital solutions for factoring and credit insurance.
25/01/2024
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The factoring market experienced a modest decline in turnover by the close of 2023. However, a resurgence is expected in the coming year, with the average value of a factored invoice approaching PLN 10,000 (€2,286), a notable increase from PLN 7,824 in 2022 and PLN 8,943 in 2023, according to the National Debt Register Economic Information Office (KRD BIG).
24/01/2024
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