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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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SME challenger bank Allica has achieved its first full year of profit just three years since opening its doors to lending.
22/04/2024
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The Australian Securities and Investments Commission (ASIC) has revealed a significant uptick in company insolvencies during the period from July 1, 2023, to March 31, 2024. Data shows that 7,742 businesses entered external administration, marking a substantial 36.2 per cent increase from the previous year.
22/04/2024
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Demica, a leading provider of supply chain finance solutions, has unveiled its 2024 Benchmark Report for Banks in Trade Finance. This comprehensive report is the result of a survey conducted among 169 supply chain finance professionals across 31 countries worldwide. Participants were queried on various aspects including the ramifications of global events, asset growth, governance, and technology.
22/04/2024
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FCI has released the preliminary world factoring statistics for 2023 indicating that the factoring and receivables finance Industry volume saw a modest uptick of +3.3 per cent in 2023, following a robust 18.3 per cent surge in 2022. The estimated volume of €3,781bn for 2023 represents a slower growth compared to the previous two years, influenced by geopolitical challenges impacting global trade dynamics.
22/04/2024
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Introduction
19/04/2024
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Economic twists and turns marked 2023 but the asset-based lending (ABL) market still saw growth in commitments of working capital, according to data released by the Secured Finance Network (SFNet). And while there were fewer new client deals last year than in 2022, the deals were larger in size.SFNet surveyed bank and non-bank asset based lenders on key indicators for the Annual Asset-Based Lending Industry Survey.
19/04/2024
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Inseego Corp., a technology leader in 5G mobile and fixed wireless solutions for mobile network operators, Fortune 500 enterprises, and SMBs, announced today that as a result of its improving liquidity position and financial results, the company exercised its right to voluntarily pay-off and terminate its asset-backed loan facility (ABL Facility) with Siena Lending Group (“Siena”).
19/04/2024
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UAE based fintech, Codebase Technologies, has launched a fully automated and digital supply chain finance (SCF) solution to revolutionise MSMEs financing across MENA and APAC. The SCF offer developed on their tech platform Digibanc is aimed to support the needs of underserved MSMEs and address the gap of US45.2tn.
19/04/2024
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Following Wednesday UK inflation announcement, Lenvi (formerly Equiniti), a leading lendtech for major UK lenders such as Santander, Barclays, Metro Bank and Admiral, has commented on the outcome for borrowing amid the cost of living crisis.Richard Carter, CEO of Lenvi, said:
19/04/2024
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Aldermore has appointed Nicola Bonini as Business Development Manager for Invoice Finance and Nick Holmes as complex and asset based lending (ABL) Product Manager within its Business Finance division. Their appointments will help strengthen Aldermore’s ABL team, helping more businesses unlock finance and accelerate their growth.
18/04/2024
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Indian non-banking financial company (NBFC) Vivriti Capital, a specialist financier, has provided INR 400m (US$4.8m) receivables finance solution to Source.One, a polymer procurement tech company.
18/04/2024
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