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Marco, a Latam trade finance platform for SME exporters, has announced the successful closure of a US$12m Series A funding round.
20/03/2024
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OroCommerce and Allianz Trade have partnered to provide a powerful B2B e-commerce solution with integrated e-commerce credit insurance."We have partnered to combine our strengths – ours with the technical solutions that answer our customers’ needs and pain points, and Allianz Trade bringing its payment intelligence and expertise. We are integrating our two solutions to offer our customers the best B2B e-commerce solution possible, including options in deferred payment which is key for this specific market," said Laurent Desprez, Executive VP and GM Europe at OroCommerce.
20/03/2024
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Finacity Corporation (Finacity), a White Oak company, and Synovus Bank (Synovus) today announced that they have successfully arranged and closed a US$30m receivables-based loan programme for Novaria Holdings LLC (Novaria), a leading manufacturer of specialty aerospace hardware.Finacity acted as the administrator providing structuring and execution support and is responsible for the ongoing programme administration and reporting. Synovus acted as the lender and facility agent.About Novaria
20/03/2024
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More than half (51 per cent) of businesses say they are paid late on average, according to a survey conducted by Taulia, a leading provider of working capital management solutions. Taulia’s global Supplier Sentiment Survey, which has been conducted since 2014 - with this year marking a decade since it launched - collected the views and insights from 11,300 businesses across its global network in over 130 countries.
20/03/2024
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Wingspire Capital provided a US$75m revolving line of credit to Signature Brands. The senior secured credit facility was used to refinance an existing debt facility and provide enhanced liquidity by tailoring the structure to the seasonality of the business.
19/03/2024
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Coface releases today the resulats of its survey on corporate payment behaviour in China.Coface's survey on payment behaviour shows that more companies are prepared to grant payment terms in 2023, but that they have shortened the average term from 81 to 70 days.
19/03/2024
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Tradewind Finance, a global trade finance firm headquartered in Germany, has announced it adds an additional €35m factoring facility for one of its clients, a steel manufacturer based in Europe with operations worldwide.
19/03/2024
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Accord Financial Corp. (Accord) yesterday announced that it has entered into amendments to its primary credit facility with its banking syndicate. As disclosed in its third quarter report, in November 2023, the Company uncovered significant irregularities in collateral reporting by a borrower related to a US$14.4m loan, which led the company to record a specific provision for credit losses relating to this loan.
19/03/2024
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New research from independent SME funder, Bibby Financial Services (BFS), reveals that interest rates and political uncertainty are holding back many businesses from investing in the long-term business growth the economy needs. Data from BFS’s Q1 2024 SME Confidence Tracker, which surveyed 1,000 UK SMEs, shows that over half (53 per cent) of SMEs are putting off making major investments until interest rates fall, while four in ten (43 per cent) are delaying investment until after the next general election.
19/03/2024
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“Credit, fraud, operational – all these risks can be mitigated by the adoption of new technology,” Vikrant Yadav, Head, International Business, Europe, CredAble.
18/03/2024
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Federal Bank and WaveBL have jointly announced the successful completion of India's first-ever single-bank digital export collection bill transaction. WAVE BL offers an innovative blockchain-based solution facilitating the digital transfer of all trade documents while preserving their uniqueness and authenticity.
18/03/2024
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The European Bank for Reconstruction and Development (EBRD) is further supporting access to finance SMEs in Serbia, by commencing cooperation with NLB Komercijalna Banka (NLBKBB). The Bank is extending a €15 million loan to NLBKBB for on-lending to local Serbian SMEs.
18/03/2024
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The Asian Development Bank (ADB) has approved a US$100m loan to provide SMEs in Sri Lanka more access to finance and build their resilience to external shocks, such as the economic crisis and climate change.
18/03/2024
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Visa, a leading force in digital payments globally, and Taulia, an SAP company specialising in working capital management solutions, have forged a new partnership to democratize embedded finance for businesses worldwide.
18/03/2024
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Australia’s factoring and invoice finance industry offers a range of facilities to small- and medium-sized enterprises (SMEs), as well as larger mid-size corporate businesses said Greg Woszczalski, Executive Director, Grow Finance Limited, Australia in his article included in the latest edition of the World Factoring Yearbook.
15/03/2024
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