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The SME Bank, in partnership with a number of financing and investment agencies from Saudi Arabia, has allocated during the first half of 2023 more than SAR 10bn (US$2.67bn) for small and medium enterprises across the country.
23/08/2023
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Legal claims in the wake of Greensill Capital’s collapse in 2021 continue to grow.
23/08/2023
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The second annual MENA Supply Chain Finance (MENA SCF23) forum offers a platform to explore the current state of the new supply chain finance framework in the MENA region, including post-introduction developments stemming from the Factoring Law (Federal Decree Law No.16) of 2021.
22/08/2023
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Over the last 18 months, there has been an increasing number of supply chain finance (SCF) programmes that are linked to ESG performance. In these programmes, the level of funding apportioned to a supplier of goods and services is dependent on the degree to which the supplier’s operations meet certain ESG criteria.
22/08/2023
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eCapital closed a US$6m confidential factoring agreement with a rapidly growing Paratransit and assisted mobility business.
22/08/2023
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Tamilnad Mercantile Bank (TMB), a private sector lender, has collaborated with Jocata, a FinTech platform provider, to offer digital-first lending products to its growing customer base.
22/08/2023
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Reltime, a leading Web 3.0 fintech specialising in cutting-edge payment technologies is thrilled to announce a groundbreaking partnership with GNB Swiss Investments AG, a pioneering financial institution known for its innovative solutions. Together, the companies are aiming to revolutionise the financial landscape by unveiling a world’s first cost-effective and unrestricted Cross-border Payments with Global Impact.
22/08/2023
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IDB Invest, part of the IDB group, is providing another financial support package for Chile’s electrical generators. It is set to purchase a total of USD 1.4bn receivables from Chile’s largest generators, Engie Chile, AES Andes, Colbün and Enel Generaciøn Chile. Two years ago IDB Invest structured a USD 890m package to provide liquidity to 13 electricity generators in Chile that were subject to a law on tariff stability approved in November 2019.
21/08/2023
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Param, one of Turkey's biggest FinTechs, is entering the European market with the acquisition of leading CEE Buy Now, Pay Later (BNPL) provider Twisto. Setting the scene for wider global expansion, Param is introducing its technology and integrated embedded finance products and services to Europe.
21/08/2023
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Infor Nexus™, a NY headquartered multi-enterprise, supply chain network, and DBS Bank have extended their partnership to launch a pre-shipment financing solution for small and medium-sized enterprises (SME) suppliers in the former's supply chain ecosystem. This solution utilises historical data from the Infor Nexus™ platform to provide data-based lending solutions that help suppliers meet their working capital requirements.
21/08/2023
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Etihad Credit Insurance (ECI), the UAE's federal export credit company, has entered into strategic agreements with leading Ethiopian financial institutions, fortifying its presence across the African continent. This milestone coincides with the official visit of President His Highness Sheikh Mohamed bin Zayed Al Nahyan to the Federal Democratic Republic of Ethiopia, accompanied by a high-level UAE delegation.
21/08/2023
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GoLogiq, a US-based provider of FinTech and consumer data analytics, has announced plans to acquire Fram Venture 7 AB, a Swedish FinTech corporation, for US$6m in an all-stock transaction.
21/08/2023
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The board of Spacenet Enterprises India Ltd (spacenet), a global fintech enterprise, has approved to increase its investment in BillMart.com, a Mumbai based fintech start-up that delivers digital working capital loans, supply chain financing, and various other financial solutions related to bills, including bill discounting services to MSMEs and corporates. Spacenet currently holds 12.5 per cent stake in BillMart.com.
18/08/2023
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ICC and Swift, the global leader in secure financial messaging services, have released the first application programming interface (API) industry standards for bank guarantees and standby letters of credit.
17/08/2023
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Trade Capital Partners (TCP) has signed a Memorandum of Understanding (MoU) with Emirates Development Bank (EDB) to provide supply chain finance (SCF) and working capital solutions for SMEs.
17/08/2023
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