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The factoring industry has an established place as an important player in the US that provides working capital to small and medium-sized enterprises (SMEs) that operate in the business-to-business (B2B) and business-to-government (B2G) sectors.
30/04/2024
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Ripple, the leading provider of enterprise blockchain and crypto solutions, has entered into a strategic partnership with HashKey DX, the Tokyo-based specialised consulting company of the HashKey Group, to introduce XRP Ledger (XRPL)-powered enterprise solutions to the Japanese market.
30/04/2024
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Representatives of the African Development Bank (AfDB), African Fertiliser Financing Mechanism (AFFM), the Government of Norway and Apollo Agriculture at the Nairobi launch of the ‘Financing for Sustainable Agriculture Management Project’.
30/04/2024
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UK Export Finance (UKEF) publishes its new 2024-29 Business Plan, setting out its intention to help firms win over £12.5bn in new business by 2029. The export credit agency also aims to support £10 billion in clean growth financing over the next few years and mobilise a further £10bn to support business in developing markets. Plan includes more financing opportunities for smaller businesses alongside a commitment to support 1,000 SMEs a year by 2029.
30/04/2024
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How to ensure resilient software for financing receivables
30/04/2024
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In the wake of an economic downturn, Central and Eastern European (CEE) countries witnessed a dramatic surge in company insolvencies throughout 2023. While businesses initially weathered the storm thanks to government support measures during the pandemic, the subsequent withdrawal of these initiatives combined with macroeconomic pressures drove insolvency rates to new heights.
29/04/2024
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Wells Fargo Commercial Finance has recently provided US$110m senior credit facility to Mountain Ridge Capital (MRC) and Alpine Ridge Funding (ARF). Backed by Arena Investors, both MRC and ARF are independent asset-based lending and factoring providers on the North American market.
29/04/2024
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The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, commenced the first day of the 49th IsDB Group Annual Meeting with a series of strategic meetings and important signings.
29/04/2024
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Finacity Corporation, a White Oak Global Advisors Company, (Finacity) announced that it has successfully facilitated a US$150m receivables securitisation program for one of the world's largest air cargo operators.This transaction is structured as a multi-currency and multi-country transaction and includes billed and unbilled trade receivables originated by the company.Finacity acted as the administrator providing structuring and execution support and is responsible for ongoing program administration and reporting.About Finacity
29/04/2024
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The European Bank for Reconstruction and Development (EBRD) and Tajikistan have agreed to cooperate on gender equality and support for women’s entrepreneurship.
29/04/2024
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To increase access to finance for small businesses in Indonesia and boost digital inclusion in Thailand, IFC today announced an initiative with KB Kookmin Card Co. (KBC), a leading credit card-issuing company in the Republic of Korea, to support the company's small and medium enterprise (SME) and mobile financing growth in the two countries.
29/04/2024
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Leading online SME lender Capify has today secured a £100m credit facility from Pollen Street Capital (Pollen Street), an alternative asset manager dedicated to investing within financial and business services.The new facility will support the lender’s ambitious future growth plans and provide working capital to thousands of SMEs over the coming years.
29/04/2024
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In its ongoing commitment to establish factoring as a viable financing solution for Africa’s small and medium-sized enterprises (SMEs), thus bolstering their participation in intra-regional trade and industrialisation, the African Export-Import Bank (Afreximbank) and FCI recently held a two-day factoring conference in Harare.
26/04/2024
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Emirates NBD, in partnership with DP World Trade Finance, Enigio and iBind, has successfully completed the first-ever Proof of Concept (PoC) on Digitally Native Trade documents (hereinafter referred to as “Trade document”) with the application of Trusted Digital Identity. This unique milestone, achieved in collaboration with Enigio and iBind, represents a significant stride in leveraging technology to enhance global trade and financial services.
26/04/2024
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Yubi, the world's only technology company powering the end-to-end debt lifecycle, has announced a strategic partnership with MODIFI, one of Europe's fastest-growing B2B FinTech companies. This collaboration marks Yubi Group's entry into cross-border trade financing, reinforcing its commitment to democratizing access to capital and fostering inclusive economic growth.
26/04/2024
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