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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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Use cloud or on-premises?
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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Crown Partners (Crown) announces the successful arrangement of US$82.5m of senior debt for Signature Brands, LLC (Signature Brands), a portfolio company of Traub Capital Partners. The firm served as exclusive financial advisor to Signature Brands in connection with this transaction.
08/03/2024
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Pulse Cashflow Finance, a leading specialist funder, has opened the doors to a new larger office in Basingstoke as it continues to push forward with its ambitious plans. The move comes on the back of a year of growth. Most encouraging is their average client size has increased by 12 per cent demonstrating that their clients are using the vital funds they access to support their continuing growth.
08/03/2024
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SLR Business Credit, a specialised asset based lender, has announced yesterday closing a US$5m ABL facility for Henry Industries, Inc.The proceeds were used to pay off the previous lender and provide the company with additional working capital for growth.About SLR Business Credit
07/03/2024
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Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending, purchase order financing and inventory financing firm in the United States, today announced the completion of three asset based lending transactions totalling US$7.5m. The firm’s Pipeline division, focused on providing working capital to emerging consumer product brands, led the transactions.
07/03/2024
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Bahrain Development Bank (BDB) has launched its invoice discounting scheme, to support small and medium sized companies (SMEs) to bridge the liquidity gap. Within this scheme, BDB will act as an intermediary between buyers and suppliers.The BDB invoice discounting scheme will ensure that suppliers receive instant payments for their goods delivered/services provided, thereby eliminating the prolonged waiting periods till the buyer pays.
07/03/2024
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