|
Allianz Trade has published its latest Global Insolvency Report and unveiled updated forecasts for 2024 and 2025. According to the trade credit insurer, after two gradual rebounds in 2022 (+1%) and 2023 (+7%), global insolvencies are set to accelerate again in 2024 (+9%) before stabilising in 2025 (0%) at high levels.
29/02/2024
|
|
SC Ventures, the innovation, fintech investment, and ventures arm of Standard Chartered, announces the launch of SOLV Ghana, a B2B online marketplace catering to MSMEs. SOLV Ghana offers short-term invoice financing, BNPL services, and business loans through a trusted marketplace of verified buyers and sellers.
29/02/2024
|
|
Ahead of the final leg of the Treasury Committee’s inquiry into SMEs' access to financing, recent data reveals that 2.7% of small business accounts have been shuttered by their respective banks within the past year.
29/02/2024
|
|
Swedish fintech frontrunner, Froda, has broadened its alliance with Visa to amplify the reach of embedded SMB lending throughout Europe. This empowers fellow fintech entities, banks, and neobanks to tap into Froda’s card-based embedded lending offering, thereby facilitating business loan provisions for their clientele.
28/02/2024
|
|
Mahindra & Mahindra Financial Services (MMFSL), part of the Mahindra Group, has announced a collaboration with Lendingkart, a fintech company.
28/02/2024
|
|
Haifin, a pioneering financial technology startup headquartered in the UAE, is eyeing expansion beyond its home turf with plans to roll out its blockchain-powered invoice-checking platform to new regions. Since its establishment in 2021, the platform has proven highly effective in the UAE, aiding banks in detecting duplicate trade finance requests. Now, Haifin aims to replicate this success elsewhere.
28/02/2024
|
|
Coface, a global leading player in credit insurance and risk management, has unveiled its financial results for the fiscal year 2023, reporting a net income of €240.5m and proposing a dividend of €1.30 per share.
28/02/2024
|
|
Barclays PLC ("Barclays") and Blackstone Credit & Insurance ("Blackstone") have announced today that Barclays Bank Delaware ("BBDE") has agreed to sell around US$1.1bn of existing credit card receivables as part of a defined set of Barclays-branded credit card accounts in the United States of America (the "Accounts").
27/02/2024
|
|
The Italian factoring market in 2023 witnessed a turnover of nearly €290 billion, remaining largely stable compared to the previous year (+0.87%), according to Assifact - Associazione Italiana per il factoring.
27/02/2024
|
|
Crédit Agricole Corporate and Investment Bank (CIB) has collaborated with UK-based fintech Demica to launch a new receivables and supply chain finance (RSF) platform to address the growing demand for supply chain finance in APAC.
27/02/2024
|
|
The Board of Directors of the African Development Bank Group has sanctioned a US$7m trade finance guarantee facility grant to Access Bank DR Congo.
27/02/2024
|
|
Magnati, a prominent payment solutions provider in the Middle East, has joined forces with Biz2X, a global fintech leader in lending platform technology, to launch one of the UAE’s most expansive embedded finance platforms for SMEs. This collaboration integrates AI-powered underwriting to improve credit accessibility within the country's flourishing SME sector.
26/02/2024
|
|
In a strategic partnership aimed at enhancing small business financing options, iwoca, a leading SME lender in Europe, has joined forces with Countingup, a comprehensive business account provider. This collaboration marks a notable advancement in the realm of small business financing, granting nearly 10,000 Countingup users unprecedented access to business finance directly through their platform.
26/02/2024
|
|
Lloyds Bank has become the first UK bank to join the WaveBL electronic trade documentation platform, unlocking new trade efficiencies and sustainability benefits for its clients by using electronic Bills of Lading (eBLs).
26/02/2024
|
|
The Inter-American Development Bank (IDB) agreed on a US$12m financing support to Suriname to enhance access to credit for micro, small, and medium-sized enterprises (MSMEs), focusing on bio-businesses.
26/02/2024
|