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The African Export-Import Bank (Afreximbank) has announced the successful completion of a first-of-its-kind India-focussed club deal for US$282m.Initiated for the exclusive participation of Indian lenders, and arranged by Bank of Africa UK PLC, the primary syndicated club deal saw participation from Indian lenders through their overseas branches and subsidiaries in the Dubai International Financial Centre in the United Arab Emirates, Singapore and Mauritius.
28/03/2024
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Just launched Lenvi's exclusive research on UK consumers' attitudes to borrowing in 2024 is now available to download.The report explores:
27/03/2024
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ITFA has opened for its members access to an industry framework for open account distribution. The Master Account Receivables Assignment Agreement (MARA) template was developed by HSBC in collaboration with law firm Dentons in London in 2018, and has been in use – with positive market feedback – since then.The move towards offering the template to a broader spectrum of market participants marks a significant step towards enhancing efficiency and consistency in the distribution of open account assets.
27/03/2024
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Arqit Quantum Inc. (Arqit), and Vayana TradeXchange announce a partnership to use Arqit’s TradeSecure™ digital negotiable instrument technology to transform international supply chains. Vayana TradeXchange is a global marketplace facilitating the financing of cross-border trade, headquartered in GIFT City and operating under license from the International Financial Services Authority in India (IFSCA). It is part of the Vayana Group which operates India’s largest regulated network for domestic supply chain finance.
27/03/2024
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The Africa Export-Import Bank (Afreximbank) has bid farewell to Peter Mulroy, the long serving Secretary General of FCI who has piloted the affairs of the global factoring body for the past 11 years, commending him for making Africa a priority by connecting the continent to the global factoring community.
27/03/2024
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Zoth, a real-world assets (RWA) protocol that bridges traditional finance with on-chain finance has successfully scaled its on-chain trade finance facility by tokenising receivables in Southeast Asia using TradeFinex on the XDC Network. This expands Zoth's vision across the Middle East, LATAM, and Southeast Asia, creating a global liquidity infrastructure to address global trade challenges.
26/03/2024
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Flowpay, a Czech fintech leveraging predictive AI models and embedded finance to assist SMEs in accessing operational funding, has secured €2.1m in its seed round. Techstars, along with Czech VCs Soulmates Ventures and DEPO Ventures, and notable angel investors like Mark Ransford, Martin Herrmann, Kartik Varma, Allard Luchsinger, among others, supported the funding.
26/03/2024
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Ujjivan Small Finance Bank (Ujjivan SFB) has entered a strategic partnership with Veefin Solutions, a supply chain finance (SCF) solutions provider, to offer robust supply chain finance offerings to meet the working capital needs of MSMEs.
26/03/2024
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Tide, one of the UK’s leading business financial platform, is pleased to announce the appointment of George Schmidt as CEO UK/Europe, reporting to Tide CEO, Oliver Prill.
26/03/2024
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“There will be incrementing changes every year,” Sean Edwards, Managing Director, Head of Legal - EMEA, Planning Department, Legal Group EMEA, SMBC International; Chairman, ITFA
26/03/2024
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The Ministry of Trade, Industry, and Energy has declared an unprecedented injection of KRW255tn (US$190bn) into trade insurance this year, marking a significant increase of KRW10tn from 2023, as per Pulse News Korea.
26/03/2024
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British International Investment (BII), the UK’s Development Finance Institution (DFI) and impact investor, today announced a US$100m finance facility with the Eastern and Southern African Trade and Development Bank (TDB). The investment is designed to strengthen economic resilience in the region by supporting essential trade finance activities, fostering agricultural development and addressing critical challenges such as food insecurity.
25/03/2024
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Time Finance, the alternative finance provider, has extended its block discounting facility with Cynergy Business Finance (CBF), the asset-based lending (ABL) arm of Cynergy Bank, now totalling £15m.
25/03/2024
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Malayan Insurance Co. Inc., a Philippine non-life insurance firm, has teamed up with Dutch Atradius Credito y Caucion S.A. de Seguros y Reaseguros, an international trade credit insurer, in a move aimed at greatly benefiting numerous local and international commercial enterprises.
25/03/2024
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Indonesian fintech Akulaku Group announced that it has secured US$100m in debt financing from HSBC Singapore.Akulaku aims to deepen its operational footprint in Southeast Asia, facilitating the launch of new financing products and enhancing services for the underbanked population.
25/03/2024
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