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Mach Recruitment, a Leeds based specialist recruitment business has agreed a £45m invoice finance facility with Metro Bank.As a specialist recruitment business working in the ecommerce and food sectors, Mach Recruitment will use the financing to support its acquisition ambitions and continued desire to grow and diversify. The invoice finance package from Metro Bank will provide the additional funding it needs to meet the long-term needs of this entrepreneurial and market-leading business.
02/05/2024
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The International Islamic Trade Finance Corporation (ITFC) and the Saudi Export-Import Bank (Saudi EXIM Bank) have signed an agreement for a line of financing of US$25m in favour of Banque du Caire, Egypt.
02/05/2024
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The European Bank for Reconstruction and Development (EBRD) is boosting Palestinian export and import activities by providing a US$2m trade finance line to the Arab Islamic Bank (AIB).The trade finance line, given under the EBRD’s Trade Facilitation Programme (TFP), will be used to issue guarantees in favour of confirming banks for pre-export and post-import financing, and help private businesses there with their trade finance activities.
02/05/2024
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Beltone Investment Holding (BIH) - a subsidiary of Beltone Holding (Beltone), one of the fastest-growing financial institutions in the Middle East and North Africa, is launching a US$100m private credit platform to serve the needs of Egyptian export champions of all sizes.“Egypt is home to a vast number of companies who are the future cornerstones of a diverse, export-oriented economy rooted in both traditional industries and the sectors of tomorrow — from artificial intelligence to manufacturing, from agriculture to tourism,” said Beltone Holding CEO Dalia Khorshid.
01/05/2024
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First Business Bank appoints Kristen Palmer (pictured) as Vice President and a Business Development Officer (BDO) in its accounts receivable (AR) financing group at its subsidiary, First Business Specialty Finance, LLC.
01/05/2024
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LSQ, a leading provider of working capital and payments management solutions, recently originated a US$20m account receivable credit facility for an Ohio-based aerospace tooling and precision assemblies manufacturer.
01/05/2024
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Calculum, a leading provider of supplier intelligence and working capital optimization solutions, and Xinergy, a prominent procurement advisory firm in Latin America (LATAM), has announced a strategic partnership to empower businesses in the region to optimise their working capital and improve payment te
01/05/2024
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The factoring industry has an established place as an important player in the US that provides working capital to small and medium-sized enterprises (SMEs) that operate in the business-to-business (B2B) and business-to-government (B2G) sectors.
30/04/2024
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Ripple, the leading provider of enterprise blockchain and crypto solutions, has entered into a strategic partnership with HashKey DX, the Tokyo-based specialised consulting company of the HashKey Group, to introduce XRP Ledger (XRPL)-powered enterprise solutions to the Japanese market.
30/04/2024
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Representatives of the African Development Bank (AfDB), African Fertiliser Financing Mechanism (AFFM), the Government of Norway and Apollo Agriculture at the Nairobi launch of the ‘Financing for Sustainable Agriculture Management Project’.
30/04/2024
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UK Export Finance (UKEF) publishes its new 2024-29 Business Plan, setting out its intention to help firms win over £12.5bn in new business by 2029. The export credit agency also aims to support £10 billion in clean growth financing over the next few years and mobilise a further £10bn to support business in developing markets. Plan includes more financing opportunities for smaller businesses alongside a commitment to support 1,000 SMEs a year by 2029.
30/04/2024
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How to ensure resilient software for financing receivables
30/04/2024
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In the wake of an economic downturn, Central and Eastern European (CEE) countries witnessed a dramatic surge in company insolvencies throughout 2023. While businesses initially weathered the storm thanks to government support measures during the pandemic, the subsequent withdrawal of these initiatives combined with macroeconomic pressures drove insolvency rates to new heights.
29/04/2024
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Wells Fargo Commercial Finance has recently provided US$110m senior credit facility to Mountain Ridge Capital (MRC) and Alpine Ridge Funding (ARF). Backed by Arena Investors, both MRC and ARF are independent asset-based lending and factoring providers on the North American market.
29/04/2024
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The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, commenced the first day of the 49th IsDB Group Annual Meeting with a series of strategic meetings and important signings.
29/04/2024
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