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Independent funder, Bibby Financial Services (BFS), has supported major telecommunications comparison company Comparison Technologies with a multi-million pound funding line, in order to facilitate a management buyout.
10/08/2023
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Rapid Enterprise, a division of Rapid Finance, a US provider of factoring and ABL solutions, to support the growth and success of small businesses, announced the availability of its SMB Disclosure Service, a standalone Software-as-a-Service (SaaS) Regtech module, to support business lenders and financing companies in complying with New York’s new commercial transaction disclosure requirements.
10/08/2023
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White Oak Commercial Finance, LLC (White Oak) has provided a US$20m factoring facility to a leading telecommunications company. The facility will allow the company to continue its growth and its supplying of tablets and data to qualified consumers under the Affordable Connectivity Program (ACP).
10/08/2023
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Elliot Avison, Editorial Board Member of trfnews and CEO, Dancerace describes why technology helps you keeping your clients happy.
09/08/2023
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Exim Bank India has launched a factoring subsidiary at the Gujarat International Financial Tec City (GIFT City) to offer export factoring and other trade finance products to Indian MSMEs exporters. It is the first finance company in the area of export factoring in GIFT City.
09/08/2023
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Contrary to general economic developments, the members of the German Factoring Association (DFV) were able to achieve solid sales growth in the first half of the year. Overall, the factoring sales of the members of the DFV increased by 5.7 per cent compared to the same period last year and amounted to around €192.8 billion euros in 2023.
08/08/2023
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BBVA has decided to improve the conditions of its sustainable 'confirming' for companies that are suppliers to its clients in the event that they have a commitment to sustainability, as indicated by the bank in a statement last Friday.
08/08/2023
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Nearly PLN 6.3m (€1.419m) in six months of 2023 - this is the total value of receivables purchased by AFORTI Factor Group in the form of invoices issued by entrepreneurs using the factoring service.
08/08/2023
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British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, has announced the launch of Growth Investment Partners (GIP) Ghana. The new platform, which will be supported with a commitment of up to US$50m from BII (formerly known as CDC Group plc), will provide long-term flexible capital, primarily in local currency, to small and medium-sized enterprises (SMEs) in the West African country.
07/08/2023
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Global factoring volumes in 2022 were at a record level caused by extraordinarily high growth rates. This was reflected in almost every continent or region, particularly in Asia, South America and Africa. Of the 38 countries profiled in the Yearbook one third reported a volume growth of 30 per cent or more. The top four were: India, Singapore, Serbia and Cyprus each with growth of more than 50 per cent.
07/08/2023
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Cordada, a private debt platform that caters to lenders and fintechs serving small and medium-sized enterprises (SMEs) in Latin America, has announced its partnership with Thought Machine, a London-based cloud banking technology company. Cordada will use Thought Machine’s cloud-native core banking platform, Vault Core, to develop highly personalised financial products for SME lenders and fintechs across Latin America.
07/08/2023
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Receivables finance is proving its relevance to businesses of all sizes, from start up to mature global operator. The service is widely available and growing strongly with higher sales and more clients and buyers joining programmes. There are, however, economic headwinds and specific challenges, including ending of government support schemes.
04/08/2023
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Flux Power Holdings, Inc. (Flux Power), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, today announced that it has secured a new US$15m credit facility from Gibraltar Business Capital (GBC) to fund working capital and to refinance its existing credit facility with Silicon Valley Bank (SVB).
04/08/2023
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CredAble, an Indian supply chain finance fintech, partners with GRIP Invest to create ‘InvoiceX Bluechip 200+,’ a securitisation transaction hosted on the GRIP Invest website.
04/08/2023
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Kyriba, a global leader of cloud-based finance and liquidity solutions, announced today it has been named a Leader in the IDC MarketScape: Worldwide SaaS and Cloud-enabled Enterprise Treasury and Risk Management Applications 2023 Vendor Assessment (Doc #US45741820, July 2023) and IDC MarketScape: Worldwide SaaS and Cloud-Enabled Midmarket Treasury and Risk Management Applications 2023 Vendor Assessment (Doc #US45741720, July 2023).
04/08/2023
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