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While lenders experienced subdued demand for factoring in 2023, reflecting soft consumer retail spending and a cautious retailer approach to inventory management, the Secured Finance Network (SFNet) Year-End Factoring Survey found that overall factoring sentiment improved somewhat last year, up 6.0, to 64.8, where 50 indicates a neutral outlook. The report attributed improved sentiment to the U.S. economy’s strong position at year’s end and a persistently solid labor market, which continued into the second quarter of 2024.
25/04/2024
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eCapital Corp. (“eCapital” or “the Company”), a leading technology-enabled provider of financing to small and medium-sized businesses across North America and the U.K., announces Edward Irvin as the newest member of its business development team. Irvin’s appointment strengthens the Company’s presence in the Southwest and West Coast regions, enhancing its ability to serve clients. Assuming the role of SVP, Business Development Officer, Irvin will report directly to Tom Siska, SVP, Commercial Finance.
24/04/2024
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British International Investment (BII), the UK’s development finance institution and impact investor, today announced the signing of a US$100m risk-sharing facility with Citi to support the trade finance needs of SMEs and corporates in frontier and emerging African economies.
24/04/2024
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Time Finance is welcoming Dan Murphy (pictured) as Business Development Manager (BDM) in its invoice finance team.
24/04/2024
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In the run up to RFIx24 Michael Bickers meets with the convention’s keynote speaker Professor Sir Roy Goode CBE KC FBA, Emeritus Professor of Law, University of Oxford, Emeritus Fellow, St John’s College, Oxford.
24/04/2024
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The UK’s second-largest trade credit insurer, Atradius has revealed that the number of claims it received from UK businesses decreased by 18 per cent compared to the same period in 2023, as a positive consumer outlook boosts consumer sectors.
24/04/2024
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BCR proudly announces the eminent panel of judges entrusted with the evaluation process for the RFIx24 Awards. These seasoned professionals bring decades of expertise to the table, ensuring a rigorous assessment of submissions that have propelled the receivables finance sector.The esteemed judges include:
23/04/2024
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Acre Impact Capital, a private-debt impact investment manager announces the first closing of its Export Finance Fund I (the “Fund”), with commitments of US$100mn, with a target size of US$300mn.
23/04/2024
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Standard Chartered today announced the launch of its new Open Banking Marketplace, a one-stop platform that enables both existing and prospective clients to discover, identify, and test application programming interfaces (APIs) that best meets their business objectives in a sandbox environment.
23/04/2024
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The Hong Kong Monetary Authority (HKMA) has rolled out a new SME information hub on its website, aiming to aid small and medium-sized enterprises impacted by shifts in consumer and tourism spending. The platform offers insights into SME lending services provided by major banks like HSBC, Standard Chartered, and Bank of China (Hong Kong), along with SME service hotlines and various loan products.
23/04/2024
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Sezzle Inc., a purpose-driven digital payment platform, is pleased to announce its new US$150m receivables funding facility secured with an affiliate of Bastion Management II LLC (Bastion). Bastion will act as the Administrative Agent for the lenders. The new facility supersedes the previous US$100m facility established in October 2022 with Bastion and affiliates.
23/04/2024
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Arthur J. Gallagher & Co. has announced the acquisition of Australia-based Prasidium Credit Insurance (Prasidium). Terms of the transaction were not disclosed.
23/04/2024
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Decipher Credit, the leading loan origination and underwriting platform for financial institutions and private lenders, announced an exciting partnership with Validis, the embedded platform for on-demand access to SME financial data.
23/04/2024
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Softloans, a fintech startup headquartered in Vilnius, Lithuania, has successfully secured €1 million in pre-seed funding to bolster its growth and development initiatives.
23/04/2024
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Last week in London, the offices of SMBC hosted a pivotal event in trade and investment: the Trade and Investment Forum organised by BCR in partnership with ITFA. Bringing together leading experts and innovators, the forum explored key trends and opportunities shaping investment in trade finance.
22/04/2024
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