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BB Energy, a leading global independent energy trading company, has successfully renewed and expanded its senior secured borrowing base credit facility in the Americas. The facility finances the company's working capital needs for inventory and receivables in the region.
24/10/2023
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MTN, Africa's largest mobile network operator, is planning to offer substantial support to SMEs through its MTN Xlerator, MTN South Africa’s enterprise supplier development (ESD) programme that plans to increase its procurement spend by R4bn (US$300m) over two years with 51 per cent black-owned SMMEs.
24/10/2023
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Nationwide E&S/Specialty, a unit of Nationwide Mutual Insurance Co., said it is introducing a specialty division focused on global credit and political risk.
23/10/2023
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Provenir, a global leader in AI-powered risk decisioning software, today announced that Figopara, an online marketplace for invoice financing, has selected the Provenir AI-Powered Risk Decisioning platform to automate decisioning and accelerate its global expansion.
23/10/2023
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Australian SME financier Grapple is launching new AI capabilities and services on its state-of-the-art digital Lendtech platform as it ticks over more than AU$200 million in invoices funded.
23/10/2023
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Blackpool-based Fox Brothers is on the road to growth following a £70m asset-based lending facility from NatWest and HSBC UK.Syndicate bank, HSBC UK, will support increasing the group’s plant hire and haulage fleet, creating a more efficient way to procure assets.
23/10/2023
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African Export-Import Bank (Afreximbank) has entered into a memorandum of understanding (MoU) with the Government of Morocco, represented by the Ministry of Economy and Finance, to develop a US$1bn Morocco-Africa Trade and Investment Promotion programme.
23/10/2023
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DP World has extended its long-standing partnership with pan-African bank, Standard Bank, by concluding a US$365.1m facility agreement.This agreement aims to support its logistics and market access expansion across the sub-Saharan (SSA) region.
23/10/2023
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The DFINITY Foundation, a not-for-profit research and development organisation based in Switzerland and a major contributor to the Internet Computer blockchain (ICP), has announced that it has partnered with InvoiceMate. InvoiceMate.tech will migrate from Hyperledger Fabric to the Internet Computer. The DFINITY Foundation will support InvoiceMate in this transition as it becomes an important part of the ICP ecosystem.
23/10/2023
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During 2022 the Brazilian economy continued to recover from the pandemic shock of 2020, with 2.9 per cent GDP growth, said João Costa Pereira, Banco Ourinvest S.A., Brazil in the article included in the most recent edition of the World Factoring Yearbook.
20/10/2023
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TessPay, developer of a supply chain finance financial technology (fintech) platform that utilises blockchain technology to provide payment assurance and liquidity through a supply chain, has announced the introduction of its platform, which the company believes is at the forefront of funding providers participating in the US Government’s Affordable Connectivity Program (ACP). Management believes the platform is poised to redefine the dynamics of financial access within the ACP.
20/10/2023
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The Eastern and Southern African Trade and Development Bank (TDB) and the International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, have signed a Memorandum of Understanding (MoU) to strengthen trade between OIC member states and those of TDB, during the World Bank Group and International Monetary Fund Annual Meetings in Marrakech, Morocco.
20/10/2023
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Accelerated Payments is announcing a strategic partnership with UK funding expert Funding Friends to facilitate the accessibility of bespoke working capital solutions for UK SMEs and mid to large corporate businesses. Having previously worked alongside Accelerated Payments Head of UK, Lee Baty and Sales Director Siobhan Jones in previous banking roles, Funding Friends brings an extensive referral network that Accelerated Payments can leverage, guaranteeing businesses access to essential funds through our innovative invoice finance solutions.
20/10/2023
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First Citizens Bank today announced that its CIT Commercial Services subsidiary, a national leader in factoring, credit protection and accounts receivable management solutions, recently closed three major client financing transactions.
19/10/2023
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Mountain Ridge Funding, a specialist of asset-based lending and term loans to middle-market businesses, launches officially its factoring company Alpine Ridge Funding (Alpine). The new company was created to offer, via a platform, factoring facilities from US$50,000 to US$30m to small and lower middle-market businesses across a broad range of industries.
19/10/2023
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