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Republic Business Credit provided US$3m factoring facility to an Alabama-based business specialising in aerial maintenance and oversight for utility and energy companies. The new funding will be used to refinance its current bank facility and provide additional growth capital.
30/08/2023
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UNCTAD (UN Conference Trade and Development), in its latest report, Africa’s rise as a global supply chain force, sees supply chain finance (SCF) as a key enabler for the development of Africa as a supply chain centre for global trade. It envisions Africa taking a growing slice of the global supply chain market. But two things are needed for this to happen: a) an increase in infrastructure investment and b) an increase in supply chain finance.
30/08/2023
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In Togo, factoring and leasing continue their meteoric rise a few years after their introduction, according to information made public by Sani Yaya, Minister of Economy and Finance of Togo during a meeting of the National Credit Council.
29/08/2023
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Germany-based fintech specialist in trade finance WALBING has obtained a payment service license from the German Federal Financial Supervisory Authority (BaFin).
29/08/2023
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Clear (formerly ClearTax), India’s B2B SaaS company has announced the launch of its Invoice-to-Finance (I2F) platform. This latest initiative is aimed at further simplifying finance for individuals and businesses via automating invoice financing.
29/08/2023
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There was a 28 per cent increase in banks lending to SMEs in the financial year 2023, according to new data from the banking association.
29/08/2023
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WhiteHawk Capital Partners, LP (WhiteHawk), a private credit investment manager focused on asset-based lending (ABL) solutions, announced it has entered into an agreement with Black Rifle Coffee Company, LLC (Black Rifle Coffee) to provide a US$56m asset-based credit facility (the Financing). Black Rifle Coffee will use the proceeds of the Financing to provide incremental liquidity for continued growth and refinance existing debt.
25/08/2023
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The European Investment Fund (EIF) is providing a guarantee to SME Finance to support innovation and green transition investment by small and medium-sized enterprises, small mid-caps and micro businesses based in the Baltics, Finland and other EU countries.
25/08/2023
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Citi, a global leader in foreign exchange (FX) markets, has made a strategic investment in Rextie - a factoring firm and Peru’s leading fintech for FX services.
25/08/2023
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Technology has impacted all our lives, for better or for worse, for millennia. In recent centuries, this has frequently been accompanied by warnings of impending doom. Perhaps it was not always so – I wonder if the guy who invented the wheel was subjected to protests from his compatriots who saw his new-fangled idea as a threat to their livelihood. I suspect not.
25/08/2023
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Finacity Corporation, a White Oak Global Advisors Company, (Finacity) announced that it has successfully facilitated a USD 50m receivables securitisation programme for Switzerland and US-based Kudelski SA. (Kudelski). The transaction allows for a senior tranche funded by a German based bank, as well as an investment from Finacity Asset Management in the intermediate subordinated loan to achieve off-balance sheet treatment under IFRS.
24/08/2023
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GUUD Pte. Ltd. (GUUD), a global provider of trade technology platforms and supply chain financing solutions, and Intraco Limited (Intraco), a mainboard listed company on the Singapore Exchange that is a lead arranger in tokenised short-term corporate commercial papers to accredited investors and an experienced trader in plastic resins, announce their strategic partnership to launch the first trade token (TradeTok) on SDAX Exchange Pte. Ltd.’s (SDAX) multi-asset, private markets investment platform, which is regulated by the Monetary Authority of Singapore.
24/08/2023
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As part of its SME Competitiveness programme, the EU and the EBRD have put in place a €25m guarantee facility, to enable €100m of new financing by Ukraine’s KredoBank.
24/08/2023
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Fintech firms have challenged traditional commercial lending patterns by using technology to assess risk in-house and give borrowers competitive rates, said Morgan Terigi (pictured), trfnews Editorial Board Member and Co-Founder & CEO, Incomlend. Fintech lenders are transforming the commercial lending market by leveraging advanced analytics, automation, and data-driven decision-making.
23/08/2023
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Encina Lender Finance, LLC (ELF) has announced the closing of US$360m of funding commitments from nine banks.
23/08/2023
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