|
Finyoz, a German specialised platform that brings together investors and companies to facilitate supply chain finance, has partnered with Currencycloud, a Singaporean multi-currency service provider.
03/04/2024
|
|
Sabre Corporation ("Sabre" or the "Company"), a leading technology provider to the global travel industry, today announced that its indirect subsidiary, Sabre Securitization LLC, has increased the overall size of its existing accounts receivable securitisation facility (the "AR Facility") from US$200m to US$235m and extended its maturity date to March 2027.
02/04/2024
|
|
The European Bank for Reconstruction and Development (EBRD) is providing a €10m unfunded portfolio risk-sharing instrument to Ukreximbank, the State Export-Import Bank of Ukraine, to unlock €40m of new financing for the private sector amid the ongoing war in the country.
02/04/2024
|
|
Citi, a financial institution with a 62-year presence in the Dominican Republic, has structured two loans to facilitate local trade and working capital activities under Citi's Social Finance strategy. The loans, provided to Banco Popular Dominicano and Banco Santa Cruz, aim to offer working capital financing solutions that support the sustainable growth of small and medium-sized enterprises in the country.
02/04/2024
|
|
Artis Trade Invest Fund (Liechtenstein) announces a new initiative for secured trade finance, providing short-term financing to European petrol stations. This financing line is designed to support the procurement of fuel supplies, ensuring stable and efficient operations.
02/04/2024
|
|
Utah (USA)-based TAB Bank appointed Justin Hatch chief lending officer, effective immediately. In his new role, Hatch will oversee the lending activities of TAB Bank’s working capital lending products, including asset-based lending, factoring, lending partnerships, lender finance, small-ticket accounts receivable financing and commercial real estate.
02/04/2024
|
|
Turkey’s fintech platform Faturalab and eBebek, a trailblazer in the mother and baby products industry, have partnered as part of a supply chain financing programme in collaboration with leading participation banks Albaraka Türk and Türkiye Finans. This agreement introduces innovation to supply chain operations, enhances financial services for eBebek's suppliers, and sets a benchmark for others in the sector.
02/04/2024
|
|
The Commercial Bank of Ceylon (ComBank), based in Sri Lanka, has recently announced a new partnership with the International Finance Corporation (IFC) to enhance its supply chain financing (SCF) strategy, aimed at increasing lending to local SMEs.
02/04/2024
|
|
In 2023, Brazil's fintech sector faces a significant challenge, with major players like Open Co and Nexoos experiencing a 60 per cent default rate on certain loans, according to The Rio Times. This rise in defaults has led to turmoil in the US$13.2bn FIDC market, pushing the delinquency rate up to 9.5 per cent from 3.5 per cent over six years.
02/04/2024
|
|
IFC and DBS have signed a US$500m facility under IFC’s Global Trade Liquidity Programme (GTLP).
02/04/2024
|
|
African Export-Import Bank (Afreximbank) has partnered with Sterling Bank to introduce the innovative supply chain finance product ‘Payables Finance’, in Nigeria. This product, branded as ‘Afreximbank Tradelink,’ is one of Afreximbank’s digital offerings under the umbrella of the Africa Trade Gateway (ATG).
29/03/2024
|
|
For banks and lenders, choosing and implementing the right software systems is difficult. Elliot Avison, CEO at Dancerace, reveals what are the key questions for technology transformation.
29/03/2024
|
|
British International Investment (BII), the UK’s Development Finance Institution (DFI) and impact investor, has announced a US$100m finance facility with the Eastern and Southern African Trade and Development Bank (TDB). The investment is designed to strengthen economic resilience in the region by supporting essential trade finance activities, fostering agricultural development and addressing critical challenges such as food insecurity.
29/03/2024
|
|
28/03/2024
|
|
The following is issued on behalf of the Hong Kong Monetary Authority (HKMA):
28/03/2024
|