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Austrian entrepreneur Thorsten de Jong, who founded the startup Finyoz in May 2023, has recently introduced an online financing platform of the same name. This platform is specifically designed to unite private and institutional customers in the realm of factoring and invoice financing, providing an innovative solution to streamline financial processes for businesses.
05/02/2024
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Singaporean fintech firm Validus Group is strategically addressing SME financing challenges in the region using data analytics, AI, and supply-chain partnerships. The Group has its presence in Indonesia, Singapore, Thailand, and Vietnam, making it a key player in multiple markets.
05/02/2024
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Veefin Solutions, a prominent technology vendor specialising in Supply Chain Finance in India, has recently expanded its clientele by onboarding Metalbook, a comprehensive tech-enabled entity in the country's metal industry.
05/02/2024
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Global payments technology company, Mastercard and B2B commerce platform, Boost, have collaborated to provide digital payment wallets and embedded supply chain finance to empower and expand small businesses in the Fast-Moving Consumer Goods (FMCG) sector in Africa.
05/02/2024
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UK Export Finance (UKEF) has announced a guarantee for up to US$100m of new support to help a Northern Ireland tech firm meet growing international demand for its products and services.
02/02/2024
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Schottenstein affiliate Second Avenue Capital Partners (SACP), a leading provider of asset-based loans and credit facilities, announced today it has closed on a new US$15m senior secured credit facility for Brixton, an omnichannel global lifestyle brand headquartered in Oceanside, California. The credit facility will be instrumental in optimising Brixton’s working capital and fueling its continued growth in the competitive fashion industry.
02/02/2024
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In addressing the working capital requirements of doing business, Tradewind Finance (Tradewind)has announced funding for two new clients within the apparel and textile market, further extending its reach in the segment. Through the new client relationships, Tradewind continues to improve liquidity and enable trade for companies by converting their unpaid receivables into ready cash.
02/02/2024
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Last year, the GDP of Germany grew slightly by 1.8 per cent, not as much as in the previous year, said Jens Hoter, Branch Director, Crédit Agricole Leasing & Factoring S.A.
02/02/2024
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BBVA has joined Komgo, the world’s largest multi-bank trade finance network, to help digitalisation of its international clients, enhancing their communication processes with BBVA and achieving greater efficiency in their trade finance operations.Clients are now able to reach BBVA through Komgo and digitally handle their trade finance activities, such as guarantees or letters of credit.
01/02/2024
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The Supervisory Board of GRENKE AG has approved the Board of Directors' decision to focus on the leasing business with small and medium-sized companies in the future and initiate the sale of all factoring companies. The synergies with the core leasing business that were anticipated at the time of entering the factoring business have not materialised.
01/02/2024
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Attacks on shipping navigating the vital trade route have set economic alarm bells ringing
01/02/2024
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Commenting on UK interest rates remaining unchanged, Douglas Grant, Group CEO of Manx Financial Group,
01/02/2024
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Kriya, the B2B invoice finance and payments fintech, today announces that it has secured a new £50m debt facility from a long-standing debt partner, Viola Credit. This will allow the fintech to power over £1bn of B2B Payments over the next 24 months.
31/01/2024
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Triumph, a member of the Triumph Financial, Inc., a leading provider of working capital financing solutions to the transportation industry, has announced the appointment of Kim Fisk as EVP, Chief Operating Officer (COO) of its factoring division. In her new position, Fisk will utilise her extensive experience and expertise to drive the company’s growth and success. She will continue reporting to Tim Valdez, President of Triumph’s factoring division.
31/01/2024
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The International Islamic Trade Finance Corporation (ITFC) and the Saudi Export-Import Bank (Saudi EXIM Bank) have signed a US$25m line of financing agreement for Bank Al Habib Limited in the Islamic Republic of Pakistan. This financing is designed to facilitate export opportunities of non-oil products for small and medium enterprises (SMEs) in Saudi Arabia to Pakistan.
31/01/2024
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