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1st Commercial Credit, a leading provider of factoring solutions, has announced the successful expansion of an invoice factoring facility from US$5m to US$10m for a security guard company specialising in safeguarding private properties. This growth, achieved in just the past 12 months, underscores the flexibility and scalability of the factoring arrangement.
14/12/2023
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eBiashara, a pioneering force in innovative fintech solutions, has announced its strategic partnership with FMDQ Group Nigeria, a leading financial private market infrastructure group in Nigeria. This collaboration marks a significant milestone in the realm of supply chain finance (SCF), aiming to transform and streamline financial processes for businesses across Nigeria.
13/12/2023
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French fintech Aria has successfully raised €15m in our Series A funding round. This significant milestone marks a new chapter in the firm journey towards redefining the B2B payments landscape.
13/12/2023
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Flagright, a global leader in AI-powered anti-money laundering (AML) and fraud prevention solutions, has announced its cooperation with Aforti, an alternative financier, acting in Central and Eastern Europe.
13/12/2023
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Phoenix Holdings Ltd., a leading Israel-based financial, insurance, and investment group (Phoenix) has announced that it is consolidating its credit activities in fully-owned platform Phoenix-Gama, a SMEs finance platform, as part of its strategy to unlock and create value through growth across its businesses.
13/12/2023
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Atlendis Labs and Cicada Partners announced the launch of asset-backed lines of credit (ABLOC) to Fluna, a US-based trade finance-focused fintech. This milestone marks the official launch of the private asset-backed strategy following the strategic partnership announcement in November.
13/12/2023
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Commenting on how drab 2023 UK GDP figures should act as a prompt for businesses to reassess their lending, Douglas Grant (pictured), Group CEO of Manx Financial Group, said: “2023 UK GDP figures paint a picture of sluggishness, bleakness, and lacklustre economic performance.
13/12/2023
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FIMBank has announced the appointment of its new CEO, Mohammed Louhab. The appointment has been made effective on the 1st of December following regulatory approval. The new FIMBank Group CEO has a significant background within the entities of the KIPCO Group, the Bank’s parent company.
12/12/2023
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Banco Santander is taking another step in its transformation by migrating the Corporate & Investment Banking (Santander CIB) business to the bank’s new digital banking platform, Gravity. The bank has already successfully migrated all commercial customers in the UK and the consumer business in Chile without any service interruption.
12/12/2023
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HSBC has launched a pioneering new ‘fast-track’ digital trade finance demand guarantee to help customers trade internationally in a more seamless, secure and efficient way.
12/12/2023
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Data provenance solution Fresh Supply Co (FSCO), has now integrated the Hedera Token Service (HTS) into its API tool, Continuity, which monitors the payment lifecycle and its associated approval processes. HTS is a turnkey solution that enables users to configure, mint, and manage native fungible and non-fungible tokens on the Hedera network.
12/12/2023
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Lendo, a Saudi Arabia-based shariah-compliant debt crowdfunding marketplace, has raised SAR 105m (US$28m) in Series B funding led by Sanabil Investments, a wholly-owned company by the Public Investment Fund (“PIF”). The round saw participation from Shorooq Partners, AB Ventures, and other investors.
12/12/2023
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TalkTalk, the UK mobile operator, is extending payment terms to its suppliers as it grapples with debt and cashflow concerns. According to The Telegraph, the company is extending its credit terms “to some suppliers,” by as much as 300 days in an effort to shore up its cash reserves.
11/12/2023
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Embedded finance provider Liberis has secured US$112m (£89m) in debt financing from HSBC Innovation Banking and BCI Capital to support its further growth in North America and Europe and expansion into new markets, including Canada and Germany.
11/12/2023
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Swift in collaboration with BNY Mellon, Deutsche Bank and four electronic Bills of Lading (eBL) platforms, have successfully tested an interoperability solution capable of enabling the widespread use of electronic documents that are critical to digitise trade.
11/12/2023
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