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Tradewind Finance, a global trade finance firm headquartered in Germany, has announced it adds an additional €35m factoring facility for one of its clients, a steel manufacturer based in Europe with operations worldwide.
19/03/2024
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Accord Financial Corp. (Accord) yesterday announced that it has entered into amendments to its primary credit facility with its banking syndicate. As disclosed in its third quarter report, in November 2023, the Company uncovered significant irregularities in collateral reporting by a borrower related to a US$14.4m loan, which led the company to record a specific provision for credit losses relating to this loan.
19/03/2024
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New research from independent SME funder, Bibby Financial Services (BFS), reveals that interest rates and political uncertainty are holding back many businesses from investing in the long-term business growth the economy needs. Data from BFS’s Q1 2024 SME Confidence Tracker, which surveyed 1,000 UK SMEs, shows that over half (53 per cent) of SMEs are putting off making major investments until interest rates fall, while four in ten (43 per cent) are delaying investment until after the next general election.
19/03/2024
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“Credit, fraud, operational – all these risks can be mitigated by the adoption of new technology,” Vikrant Yadav, Head, International Business, Europe, CredAble.
18/03/2024
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Federal Bank and WaveBL have jointly announced the successful completion of India's first-ever single-bank digital export collection bill transaction. WAVE BL offers an innovative blockchain-based solution facilitating the digital transfer of all trade documents while preserving their uniqueness and authenticity.
18/03/2024
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The European Bank for Reconstruction and Development (EBRD) is further supporting access to finance SMEs in Serbia, by commencing cooperation with NLB Komercijalna Banka (NLBKBB). The Bank is extending a €15 million loan to NLBKBB for on-lending to local Serbian SMEs.
18/03/2024
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The Asian Development Bank (ADB) has approved a US$100m loan to provide SMEs in Sri Lanka more access to finance and build their resilience to external shocks, such as the economic crisis and climate change.
18/03/2024
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Visa, a leading force in digital payments globally, and Taulia, an SAP company specialising in working capital management solutions, have forged a new partnership to democratize embedded finance for businesses worldwide.
18/03/2024
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Australia’s factoring and invoice finance industry offers a range of facilities to small- and medium-sized enterprises (SMEs), as well as larger mid-size corporate businesses said Greg Woszczalski, Executive Director, Grow Finance Limited, Australia in his article included in the latest edition of the World Factoring Yearbook.
15/03/2024
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UK Finance has released its latest Business Finance Review which reports on the finance needs of small and medium-sized enterprises (SMEs) in the fourth quarter of 2023 and the year as a whole.Demand uncertainty, higher interest rates, and the impact of lending taken out during the pandemic all contributed to weakness in gross lending in 2023. However, the decline in gross lending over the previous five quarters came to a halt in the final months of 2023.
15/03/2024
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nFusion Capital announced that Greg Dyson (pictured) has joined their team as Senior Vice President (SVP). Greg is responsible for accounts receivable (AR) financing, asset-based lending (ABL) and loan originations and developing client and referral relationships across the United States. He is based in nFusion Capital’s Houston, Texas office.
15/03/2024
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The EBRD expands cooperation with Privatbank, Ukraine’s largest systemically important bank, by making available a US$25m trade finance limit to support the Ukrainian player’s growing trade finance business.Since Russia began its full-scale war on Ukraine in 2022, access to financing for Ukrainian importers and exporters has been severely constrained, with international banks shying away from taking direct risk on Ukrainian trade finance transactions.
15/03/2024
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The upcoming 24th annual Receivables Finance International Convention is generating a buzz with its initial programme announcement, promising attendees two days of stimulating discussions and networking opportunities plus the glitzy Awards Dinner. Scheduled to take place on May 22-23, at the prestigious Clifford Chance offices in London.
14/03/2024
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More and more businesses in need of fast, flexible working capital solutions beyond typical bank lending are turning to Culain Capital Funding. The latest is a consumer products company that does business across the country, which recently received a US$4m accounts receivable factoring facility through Culain Capital.
14/03/2024
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Nuvo, the B2B trade credit tech platform that combines customer onboarding, credit risk assessment, and fraud prevention, has announced a strategic integration with Allianz Trade in North America, the world leader in trade credit insurance.
14/03/2024
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