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The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, has committed XOF23.5bn (US $39m) to a XOF75bn (US $124,6m) receivables-backed bond issued by securitisation vehicle Fonds Commun de Titrisation de Créance. This financial support is dedicated to West African telecommunications carrier Sonatel's expansion, modernisation, and digital transformation plan in Senegal and beyond.
24/01/2024
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Markel, the insurance operation within Markel Group Inc, has appointed Sebastian Rice as a Senior Underwriter and head of Business Development for Europe – in a strategic move that will accelerate growth across Markel's trade credit portfolio, while strengthening the businesses' leadership position within the excess of loss (XoL) trade credit market.
24/01/2024
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Invoice Bazaar, a subsidiary of Triterras which is a leading fintech company focused on digital trade and supply chain finance, has announced a strategic collaboration with Rapid Cari Delivery Services, LLC (“Cari”), a prominent food delivery platform in Dubai.
24/01/2024
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Veefin Solutions, a leading player in the receivables finance space in India, has reported a remarkable 300 per cent increase in demand for its supply chain finance solutions during the current fiscal year. The surge in demand is evident from both domestic and international financial institutions.
23/01/2024
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Worldpay from FIS, a global leader in ecommerce and payments processing technology, has announced a two-year extension of its partnership with Liberis, an embedded finance platform. This agreement reinforces Worldpay’s commitment to supporting small and medium-sized businesses (SMEs) by ensuring continued access to growth funding through Liberis’ business finance division.
23/01/2024
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TUU and R2 have teamed up to launch the "TUU Crédito" programme, aimed at enhancing access to financing for businesses across Chile.
23/01/2024
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Citi and a global alternative investment manager LuminArx Capital have announced the launch of Cinergy, a strategic financing vehicle in the rapidly growing private lending market.
23/01/2024
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Time Finance has appointed its first Business Development Executive, Tom Chambers (pictured), to its invoice finance team.In this role Tom will work closely with the wider business development team helping to package flexible and supportive invoice finance solutions for its growing client base of SMEs across the UK.
23/01/2024
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The British Business Bank (BBB) revealed today that its Recovery Loan Scheme (RLS) has reached a noteworthy milestone by facilitating £1bn in finance offers to smaller businesses since its inception in August 2022.
23/01/2024
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In a strategic move to fortify its commitment to supporting businesses in their long-term growth endeavors, KKR has officially disclosed that its private credit funds and accounts have successfully facilitated non-recourse accounts receivable financing for Weber LLC, the esteemed global leader in outdoor cooking products, innovation, and technology.
23/01/2024
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Global advisory firm WTW has promoted Michael Creighton to Head of Trade Credit and Trade Finance, Great Britain.
22/01/2024
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Poland's ambitious plan to introduce mandatory e-invoicing on July 1, 2024, has hit an unexpected roadblock, leading to Finance Minister Andrzej Domański's announcement at a press briefing on January 19.
22/01/2024
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Chilean factoring company, Incofin, is set to pioneer a groundbreaking initiative in collaboration with Garrigues (Chile), a leading law firm, to establish a US$100m receivables purchase programme. This strategic move involves a partnership with local asset manager Toesca, signaling a major development in the financial landscape of Chile.
22/01/2024
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Hong Kong-based fintech startup FundPark has successfully secured a substantial investment of US$500m from Goldman Sachs, marking the second funding facility extended by the renowned U.S. investment bank within a span of two years.
22/01/2024
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Cyber incidents such as ransomware attacks, data breaches, and IT disruptions are the biggest worry for companies globally in 2024, according to the Allianz Risk Barometer. The closely interlinked peril of business interruption ranks second. Natural catastrophes (up from #6 to #3 year-on-year), fire, explosion (up from #9 to #6), and political risks and violence (up from #10 to #8) are the biggest risers in the latest compilation of the top global business risks, based on the insights of more than 3,000 risk management professionals.
19/01/2024
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