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Alraedah Digital Solutions, a leading technology company, is announcing a strategic partnership with ABHI, a fintech specialising in invoice factoring and earned wage access. The collaboration marks a significant milestone in Alraedah's commitment to fostering innovation and driving regional financial inclusion.
09/05/2024
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WhiteHawk Capital Partners, LP (WhiteHawk), a private credit investment manager focused on asset-based financing solutions, announced it has entered into an agreement with C3 Rentals, Inc. (C3 Rentals) to provide a US$100m asset-based loan (ABL) facility. C3 Rentals will use the proceeds of the facility to provide incremental liquidity for continued growth and to refinance existing debt.
09/05/2024
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To expand digital lending for small and medium enterprises (SMEs) in Mongolia, including women-owned businesses, IFC and M bank, Mongolia's first digitally focused bank with a branchless model, joined forces to launch an innovative program in Ulaanbaatar. It is part of IFC's ongoing efforts to promote an inclusive and sustainable financial sector in the country.
09/05/2024
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eCapital Commercial Finance (eCapital), a leading invoice financier has appointed Eileen Creely as its Regional Managing Director – North. Eileen will be responsible for driving further growth and profitability across the Northern region whilst continuing to develop the region’s operational strength and capabilities in delivering exceptional client service.
09/05/2024
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FGI Worldwide LLC (FGI), a global leader in commercial finance, and Validis, the open accounting API, have partnered to integrate their respective credit management and data extraction platforms. This strategic partnership will allow businesses sharing their accounts receivables (A/R) data with lenders via Validis, to manage their credit insurance and risk mitigation in real-time on FGI’s T.R.U.S.T.™ platform, without any need for manual processing or interruption, creating efficiencies and saving resources.
09/05/2024
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Michal Bickers sits down with Chris Hawes, Managing Director of Debt and Capital Advisory at PwC, ahead of the upcoming RFIx24, which will take place on May 22-23 at Clifford Chance's London offices. They talk about the significance of technological advancements in compliance monitoring and the challenges it presents. Hawes highlights the potential of recent advancements in AI to effectively tackle these obstacles.
08/05/2024
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Flock Financial, LLC, (Flock), a leading financing partner to middle market receivables management and consumer finance companies active in the purchase, sale, and collection of performing and nonperforming receivable assets, announced recently that various investment funds affiliated with PennantPark Investment Advisers, LLC (PennantPark) have invested US$25m in the company.
08/05/2024
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BizCap, a commercial finance firm established in 2002, has announced its successful collaboration with Quady Winery, a family-owned operation in Central Valley, CA, renowned for affordable Muscat grape-based fortified and sweet wines that are sold throughout the U.S. Among 4,700 wineries in California, Quady is the only one specialising in sweet and aperitif wines and has garnered international renown, boasting over 1,000 awards and medals. BizCap helped the company secure a US$17m funding to recapitalise and refuel future strategic growth initiatives.
08/05/2024
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The WTW Research Network (WTW) has released its Risk & Resilience Review: Emerging Risks from Geopolitical Shifts, which brings together insights from our team & expertise from our partners to examine emerging and interconnected geopolitical risks.
08/05/2024
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The trade credit and surety insurance industry can look back on positive development over the last 20 years, reveals Robert Meters, Editorial Board Member of trfnews and Director Global Business at SCHUMANN.
08/05/2024
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Mitigram, the global leader in digital trade financing, has announced the appointment of Pedram Tadayon (pictured) as Chief Executive Officer (CEO).
08/05/2024
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Grapple, an Australian SME financing company, has enhanced its Lendtech platform by integrating artificial intelligence (AI). This development coincides with the company’s achievement of funding over AUD $200 million in invoices. The Lendtech platform, which is developed in Australia, reported a 115 per cent growth in invoice finance facilities in the new fiscal year.
07/05/2024
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Demica, the fintech specialising in supply chain finance solutions, has announced the expansion of supply chain finance to Nigerian businesses, including SMEs, transforming working capital optimisation and liquidity through a new banking partnership between African Export-Import Bank (Afreximbank) and Sterling Bank.
07/05/2024
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In a significant development, C2FO, the world’s on-demand working capital platform, announced that its TReDS platform, named C2treds has gone live with India’s largest bank State Bank of India (SBI) and Dabur India Ltd. among the inaugural participants on the platform.
07/05/2024
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Absa Bank has unveiled its Supplier Finance Programme, aimed at revolutionising corporate supply chains in Ghana. This innovative solution reflects Absa Bank's commitment to delivering comprehensive financial services tailored to the evolving needs of its corporate clientele.
07/05/2024
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