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Haversine Funding, a leader in the commercial lender finance sector, is proud to announce the appointment of Vince Mancuso as its new managing director. Vince brings over 25 years of rich experience in commercial finance, enhancing Haversine’s expertise and strategic capabilities.
04/01/2024
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Finacity Corporation (“Finacity”), a White Oak Company, today announced that it has facilitated an increase from US$1.1bn to US$1.5bn of the commitment capacity, with an accordion feature of an additional US$1bn, for the accounts receivable (AR) securitisation programme (“Programme”) of Bunge Global SA (“Bunge”), a leading global agribusiness and food company. As part of the process, Finacity also supported the addition of 2 new seller countries, Mexico and Poland, and 7 new subsidiary company originators for Bunge in its Program.
03/01/2024
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Deutsche Bank today announced the US$3.5bn issuance of TRAFIN 2023-1, the fifth iteration of its trade finance significant risk transfer synthetic securitisation.To provide credit protection for an underlying and revolving portfolio of US$3.5bn in trade finance assets, Deutsche Bank has originated, structured, arranged and placed a first loss tranche of US$227.5m with a syndicate of institutional investors from Europe and the Americas. The issuance follows the maturity of TRAFIN 2018-1 – the bank’s fourth iteration of this trade finance securitisation – in November 2023.
03/01/2024
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The global economic downturn in 2022 affected Austria in the third quarter of the year, but for the year as a whole Austria's GDP grew by 4.7 per cent due to strong economic activity in the first half of the year, according to the article written by Simon Peterman, CEE Factoring Competence Centre, Raiffeisen Factor Bank AG, Austria, and included in the most recent edition of the
03/01/2024
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InvoiceMate, a Dubai-based blockchain invoice finance fintech, has carried out a successful pilot transaction, showcasing the tokenisation of an invoice using the XDC blockchain protocol and TradeFinex's open source smart contract standards. The transaction was converting paper invoice into e-invoice, tokenisation and fractionalisation of the e-invoice and was providing funding against the fractionalised e-invoice using FDX stablecoin.
02/01/2024
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Invoicemart, India’s largest Trade Receivable Discounting System (TReDS) platform, has sign a Memorandum of Understanding (MoU) with Grameen Foundation for Social Impact (GFSI), a not-for-profit organisation, to create a positive social impact by offering value-added services to women-led micro, small, and medium enterprises (MSMEs) in India. The MoU will also enhance access to the mentoring, guidance, and finance required for women to grow and scale their businesses.
02/01/2024
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Fourshore Partners (Fourshore) has announced its acquisition of Power Funding ("Power"; "Company"), a premier factoring company focused on the oil & gas and transportation industries.Power Funding provides working capital to the oil & gas and trucking industries through the purchase of invoices generated by small- and medium-sized businesses at a discount to provide immediate working capital to such companies. Power positions itself as being a long-term partner to its customers and prides itself for having relationships that far exceed the industry average in length.
02/01/2024
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The energy crisis, which was exacerbated after Russia’s invasion of Ukraine in early 2022, has resulted in a sharp rise of inflation, which has led to the drastic increase in interest rates by the Central Bank, said Harris Saridis, Director of Business Development & Relationship Management, ETHNIKI FACTORS SINGLE MEMBER S.A., Greece in his article included in the most recent edition of the
29/12/2023
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The European Bank for Reconstruction and Development (EBRD) is providing a €7m loan to UniCredit Bank d.d. Mostar in Bosnia and Herzegovina. Funds will be lent through the EBRD’s small and medium-sized enterprise (SME) Go Green programme that is supported by the European Union (EU).
28/12/2023
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Salem Media Group, Inc. announced that it has closed a new US$26m 3-year asset-based revolving credit facility with Siena Lending Group, which refinanced its prior revolving facility with Wells Fargo Bank.Obligations under the new revolving facility are secured by a first-priority lien on the company’s and its subsidiaries’ accounts receivable, inventory, deposit and securities accounts, certain real estate and related assets, and a second-priority lien on substantially all other assets of the company and its subsidiaries.ABOUT SALEM MEDIA GROUP:
28/12/2023
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The Slovak economy, like the economies of many other European countries, is being strongly affected by the conflict in Ukraine said Juraj Hrnek, Head of Factoring and Trade Finance Department, Tatra banka, a.s.Slovakia in his article included in teh most recent edition of the
27/12/2023
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IFC, European Union (EU) and Credit Agricole Ukraine has announce a new €40m equivalent risk-sharing facility to boost access to finance for Ukraine's small and medium enterprises (SMEs), crucial for the country's economic resilience. The risk-sharing facility, for which IFC will contribute a local currency equivalent of €20m with EU support, will provide critical financial support to smaller businesses, including agricultural and rural SMEs. The bank currently serves over 400,000 clients across Ukraine.
22/12/2023
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Information Services Group (ISG), a leading global technology research and advisory firm, has launched a research study examining providers of finance and accounting (F&A) platforms that help organisations grapple with an increasingly complex financial environment.
22/12/2023
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Following a notable recovery in 2021, the Hong Kong economy contracted 3.5 per cent in 2022, said Samantha Hiu Kwan Wong,
22/12/2023
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Embedded finance can be hugely convenient for customers - but only if they understand what they’re getting into, writes Richard Carter, CEO of Lenvi.
21/12/2023
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