|
1st Commercial Credit, LLC has announced the achievement of a significant milestone, surpassing US$20m in purchase order (PO) funding transactions. This accomplishment underscores the company's dedication to providing adaptable financial solutions to support its clients.
21/12/2023
|
|
RBL Bank today launched electronic bank guarantee (e-BG), signalling a significant step forward in trade finance digital transformation. The e-BG product builds on the framework enabled by NeSL, incorporating their expertise in e-Stamping and e-Sign. This integration eliminates the traditional physical signing and stamping processes, seamlessly transitioning into a secure and efficient digital format.
21/12/2023
|
|
The Board of Directors of the African Development Bank Group (ADB) has approved a trade finance transaction guarantee facility to Bank of Africa Tanzania Limited (BOAT) to support Tanzania’s financial sector.
21/12/2023
|
|
StoneCo Ltd. announced that it has obtained a commitment of US$467.5m in the form of a revolving securitisation facility from the United States International Development Finance Corporation (DFC), an agency of the United States government.
20/12/2023
|
|
The Board of Directors of the African Development Bank Group has approved a US$25m trade finance line of credit facility to the Central Africa Building Society of Zimbabwe, to be used to boost local firms and small and medium-sized enterprises.
20/12/2023
|
|
Amidst ongoing high interest rates and geopolitical flux, Demica, a leading fintech supporting the trade finance programmes of the world’s major banks and corporations,
20/12/2023
|
|
Triterras, Inc., a fintech company focused on digital trade and supply chain finance has announced a strategic alliance with Oman-based Mamun, an embedded fintech infrastructure as a service and finance provider. The collaboration aims to bolster the trade finance and short-term lending landscape in the Sultanate of Oman.
20/12/2023
|
|
The European Bank for Reconstruction and Development (EBRD) is providing €60m in financing to OTP Banka in Serbia. As part of the financial package, €10m will be lent through the EBRD’s small and medium-sized enterprise (SME) Go Green programme that is supported by the European Union (EU).
19/12/2023
|
|
Lending to small and medium-sized businesses (SMEs) has fallen 20 per cent in its fifth consecutive quarterly drop, according to UK Finance’s latest Business Finance Review which reports on the finance needs of small and medium-sized enterprises (SMEs) in the third quarter of 2023.
19/12/2023
|
|
France-based Tesselate and India’s Impactsure have announced a partnership set to reshape the landscape of data-driven decision-making in corporate banking, trade, and supply chain finance.
19/12/2023
|
|
The European Bank for Reconstruction and Development (EBRD) has launched a risk-sharing framework for Kosovan banks, with ProCredit Bank Kosovo (PCBK) the first to sign up as a partner bank.
19/12/2023
|
|
Alternative Payments, a fully integrated B2B payments and checkout infrastructure company, is excited to announce the launch of its groundbreaking product: Collections Assist. This new product aims to streamline and enhance the accounts receivable collections process for services companies across the United States.
19/12/2023
|
|
The Swiss credit fintech Teylor and Deutsche Bank-backed digital asset custody tokenisation provider Taurus launch the Teylor ledger-based security, aiming to make SME credit accessible as an asset class. Teylor originates and manages SME loans through its Teylor credit platform.
18/12/2023
|
|
An alternative financing institution Carbyne Capital Investments has unveiled is new online factoring platform called Experience Carbyne, which will be accessible to businesses come the end of January 2024, Jamaica Observer reports.
18/12/2023
|
|
Following an all-night discussion, negotiators from the EU Council and Parliament reached a compromise on the Corporate Sustainability Due Diligence Directive (CSDDD) on Thursday, December 14.
18/12/2023
|