|
Data from 2022 shows impressive growth in the European factoring market, with turnover reaching EUR 2.380bn, an increase of 19 per cent over 2021. It is the second year of double-digit growth after the drop in 2020.
15/02/2024
|
|
As reported today, the UK fell into recession in the second half of 2023, after the economy shrank by more than expected. According to the latest data from the Office for National Statistics (ONS), gross domestic product (GDP) shrunk by 0.3 per cent in the last three months of 2023, having contracted by 0.1 per cent between July and
15/02/2024
|
|
The next generation of business leaders have received over £100m worth of support from the Government backed Start Up Loan Scheme.
15/02/2024
|
|
Triumph Financial, Inc., a financial holding company focused on payments, factoring and banking, announced yesterday the appointment of Michelle Holmes as executive vice president, chief marketing officer (CMO). In her position, Michelle will oversee corporate marketing and communication to elevate and drive growth for Triumph Financial and across its three brands: TriumphPay, Triumph, and TBK Bank.
14/02/2024
|
|
Värde Partners, a leading global alternative investment firm specialising in credit and credit-related assets, yesterday announced that it committed US$1.3bn across its asset-based lending (ABL) and diversified private credit platform in 2023. These investments facilitated approximately US$9bn of commercial and consumer loans in North America and Europe.
14/02/2024
|
|
M1xchange, one of India’s TReDS platforms, which almost doubled its business volumes to INR 43,000 crore/INR 45,000 crore (US$5.18bn/US$5.42bn) for the year 2023-2024, is set to double its business volume again for the year 2024 -2025. M1xchange’s managing director, Sundeep Mohindru, suggests that this is more than likely.
14/02/2024
|
|
Commenting on UK inflation remaining unchanged, Douglas Grant, Group CEO of Manx Financial Group,
14/02/2024
|
|
14/02/2024
|
|
Surath Sengupta, formerly of HSBC, has assumed the role of Managing Director, Head of Trade and Working Capital Innovation & Transformation at Lloyds Banking Group. His extensive experience as Managing Director & Global Executive Committee Member at HSBC, where he spearheaded sustainability trade finance initiatives, positions him well for this new role.
13/02/2024
|
|
Amazon's business loan programme showed stability in Q4, as evidenced by its seller lending receivables, which remained consistent at US$1.3bn, mirroring the trend observed throughout 2023.
13/02/2024
|
|
Finastra, a global provider of financial software applications and marketplaces, and Tesselate, a global digital transformation consultancy and integrator, today announced the launch of an end-to-end pre-packaged service for faster and easier trade finance digitalisation.
13/02/2024
|
|
SME apprehensions regarding a potential economic downturn have diminished by a significant third (32%) since Q4 2022, as per iwoca's Q4 2023 SME Expert Index. Only under half (49%) of surveyed SME finance brokers indicate that their clients harbor any recession concerns—a noteworthy decline compared to 73 per cent in Q4 2022.
13/02/2024
|
|
Parpera, the all-in-one solution that empowers hundreds of Aussies to make business easier, has partnered with Emu Money, an innovative online lending platform committed to empowering individuals and businesses by simplifying access to finance via a diverse range of lending options, within the Parpera marketplace.
12/02/2024
|
|
Ewa Rose, a veteran executive of the trade credit insurance industry, has joined Bondaval, a provider of technology-enabled credit insurance solutions, as the Group Chief Underwriting Officer.
12/02/2024
|
|
Zenith Bank (Ghana) and the African Guarantee Fund (AGF) have forged a strategic partnership to bolster funding accessibility for MSMEs in Ghana, with a focus on green and women-led businesses.
12/02/2024
|