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Following Standard Chartered first edition of Guide to Payment Regulations, which was launched last September and outlines the prevailing regulatory frameworks and related licensing schemes for payments and e-money services, the company launched a second edition today that covers eight additional markets: Bangladesh, Nigeria, the Philippines, Saudi Arabia, South Africa, the United Arab Emirates, Indonesia, and Vietnam.
13/03/2024
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ProCredit, a Philippines-based SME lender, has successfully concluded a US$4.1m pre-seed round. Integra Partners led the investment, with participation from the Menardo Jimenez Family Office, M Venture Partners (MVP), Cento Ventures, Gobi Partners (Gobi-Core Philippine Fund), and various local angel investors.
12/03/2024
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Bangkok Bank has joined InterGold Gold Trade Co., Ltd. to launch “Supply Chain Finance”, a service that provides gold traders with access to full funding sources and aims to increase working capital to trade gold.
12/03/2024
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Kenya launched a US$51.7m loan project for small and medium enterprises funded by the World Bank on Monday.
12/03/2024
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The Research and Innovation Center of the University of São Paulo, Inova USP, has forged an agreement with the Central de Receivables (CERC), a specialised registration entity in the receivables market. Led by professor Leandro Maciel from the Faculty of Economics, Administration, and Accounting (FEA) at USP, the project aims to develop research characterising the Brazilian receivables market.
12/03/2024
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Muthoot FinCorp, a prominent non-banking finance company (NBFC) in India boasting nearly 3600 branches, has enlisted Veefin Solutions as its technology partner to inaugurate supply chain finance operations in the nation.
12/03/2024
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Basware, a global leader in AP automation and invoice processing, has launched its Touchless Invoice Processing (TIP) Discovery dashboard, marking yet another milestone in its mission to achieve 100 per cent touchless processes. The tool allows customers to analyse manual invoice handling rates, shedding light on where touchless processes break down into manual touches.
12/03/2024
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Wayflyer, the growth and insights platform for consumer brands, has launched a new Wholesale Financing product. Wayflyer can now extend its purpose-built financing solutions beyond online-only businesses, serving the needs of a new customer segment.
11/03/2024
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Praetura Commercial Finance, alongside sister company Zodeq, has finalised a £200 million asset-based lending securitisation facility with Barclays, aimed at bolstering support for SMEs across the UK. The collaboration with Barclays is poised to amplify Praetura's capacity to address the growing demand for alternative lending, with projections indicating additional backing for over 1,000 SMEs annually.
11/03/2024
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Emirates Development Bank ("EDB", the Bank), the key financial engine of UAE economic development and industrial advancement, today announced a new partnership with KLAIM, a UAE-based healthcare-focused fintech company, to provide low-risk, short-term working capital solutions to support healthcare providers in maintaining efficient cash flows.
11/03/2024
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Despite entering another year already defined by economic uncertainty, supply chain disruption and geopolitical tensions, Taulia’s global Supplier Sentiment Survey found that businesses are largely optimistic about the year ahead.
11/03/2024
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“Returns will be sufficiently attractive to all types of investors because the asset class is solid,” Bertrand de Comminges, Managing Director - Global Head Trade Finance Investments, Santander Alternative Investments, SGIIC, SAU
11/03/2024
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Cashinvoice, a digital supply chain finance platform, has partnered with SBI Global Factors Limited, India’s premier factoring provider, to expand the utilisation of factoring solutions for MSMEs in India. This collaboration aims to showcase the potential of invoice factoring in reducing working capital requirements and enhancing credit accessibility for Indian MSMEs.
11/03/2024
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08/03/2024
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Duplo, a Nigerian-based B2B fintech said in a recent statement it has launched its Vendor Management Portal which helps businesses optimise their supply-chain management.In the past two years, Duplo has pioneered solutions addressing the different financial operation needs businesses of all sizes- ranging from accounts payable and receivable to payments, the statement asserts.During this time, the Duplo team learned the challenges businesses face when managing multiple vendors- communication mishaps, requests for early payments, and misplaced invoices.
08/03/2024
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