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Calculum Inc. is announcing its official partnership with Corpay to provide Calculum customers with access to Corpay Payments Automation, enabling businesses with a simple and streamlined platform when paying vendors and suppliers. Through this partnership, Calculum and Corpay jointly empower businesses of all sizes to optimise payment terms, manage spend operations efficiently, and cultivate stronger supplier relationships.
13/03/2024
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NMB Bank Limited Zimbabwe has announced a groundbreaking partnership with African Development Bank (AfDB) or a US$15m trade finance transaction guarantee facility, aimed at boosting trade finance opportunities in Zimbabwe.This collaboration marks a significant milestone for NMB Bank. The strategic alliance with AfDB is designed to unlock trade finance opportunities for Zimbabwean businesses, with a particular focus on supporting small and medium-sized enterprises (SMEs) and local corporates engaged in agri-business and trade distribution value chains.
13/03/2024
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Women-led micro, small and medium-sized enterprises (MSMEs) in Georgia are to benefit from fresh funds, thanks to a loan by the European Bank for Reconstruction and Development (EBRD), supported by the European Union (EU) and Sweden.A credit line of €8m to ProCredit Bank, one of Georgia’s leading banks and a longstanding EBRD partner, will be made available to women-led firms to finance investments to boost growth and development.
13/03/2024
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The United Bank for Africa (UBA) and African Guarantee Fund (AGF) on Monday signed a partnership that ensures that UBA provides US$100m in new loans to small and medium size enterprises (SME) and business owners across the 20 African countries where the bank has presence.
13/03/2024
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Following Standard Chartered first edition of Guide to Payment Regulations, which was launched last September and outlines the prevailing regulatory frameworks and related licensing schemes for payments and e-money services, the company launched a second edition today that covers eight additional markets: Bangladesh, Nigeria, the Philippines, Saudi Arabia, South Africa, the United Arab Emirates, Indonesia, and Vietnam.
13/03/2024
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ProCredit, a Philippines-based SME lender, has successfully concluded a US$4.1m pre-seed round. Integra Partners led the investment, with participation from the Menardo Jimenez Family Office, M Venture Partners (MVP), Cento Ventures, Gobi Partners (Gobi-Core Philippine Fund), and various local angel investors.
12/03/2024
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Bangkok Bank has joined InterGold Gold Trade Co., Ltd. to launch “Supply Chain Finance”, a service that provides gold traders with access to full funding sources and aims to increase working capital to trade gold.
12/03/2024
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Kenya launched a US$51.7m loan project for small and medium enterprises funded by the World Bank on Monday.
12/03/2024
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The Research and Innovation Center of the University of São Paulo, Inova USP, has forged an agreement with the Central de Receivables (CERC), a specialised registration entity in the receivables market. Led by professor Leandro Maciel from the Faculty of Economics, Administration, and Accounting (FEA) at USP, the project aims to develop research characterising the Brazilian receivables market.
12/03/2024
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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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