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The Institute of Export & International Trade (IOE&IT) has today launched a £5m Export Support Programme to help UK businesses accelerate their journey into international trade.
27/06/2023
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The UK’s largest independent invoice finance provider, Bibby Financial Services (“BFS”), has acquired Aldermore’s Working Capital Finance division as it continues to grow its support for UK SMEs.
27/06/2023
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The African Export-Import Bank (Afreximbank) is ramping up support for factoring in Africa with the signing of deals to provide lines of credit totalling €23m to enable factoring companies to expand their factoring activities in Africa.
26/06/2023
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Small business lending platform Funding Circle and Waterfall Asset Management (WAM) have closed a £240m securitisation backed by SME loans.The loans were financed by funds managed by WAM and originated through the Funding Circle platform.
26/06/2023
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The Association of Banks in Singapore (ABS) on Friday (June 24) launched an industry utility that will securely maintain a centralised record of trade finance transactions in Singapore.
26/06/2023
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ZIM Integrated Shipping Services Ltd has announced the expansion of its partnership with cross-border trade financing platform 40Seas, integrating the 40Seas' flexible digital financing solution via ZIM's website as well as Ship4wd's, ZIM's award-winning digital freight forwarding subsidiary.
26/06/2023
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Arf, a global liquidity and settlement platform, and Huma Finance, who builds infrastructure for real-world lending, have announced a partnership to introduce a fully transparent on-chain liquidity solution for cross-border payments. The strategic partnership addresses the current liquidity challenges in the industry caused by lack of transparency.
26/06/2023
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Asset tokenisation can potentially unlock liquidity to power economic growth, as well as improve access to and widen investments options. However, the market is still largely untapped as only a very small proportion of the pool of tokenisable assets in the world are being traded today. A report from Boston Consulting Group and ADDX predicts that some US$16 trillion worth of assets, most of which are illiquid, would be tokenised by 2030.
26/06/2023
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Reward Finance Group has cemented its twelfth year of continuous growth, by breaking through the £200m loan book milestone for the first time.Reward, which supplies SMEs with tailored business finance loans and asset based solutions of between £50k and £5m, is marking the landmark by donating £2,000 to reforestation company Tomorrow’s Forests in line with its sustainability goals to help local communities and the environment.
23/06/2023
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Generalfinance Spa, a specialised Italian factoring company, has signed a multi-year partnership agreement with the fintech firm, FinDynamic.The partnership aims to support Italian businesses with digital supply chain finance (SCF) solutions via the platform of FinDynamic.
23/06/2023
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Texas Capital Bank, the lending affiliate of Texas Capital Bancshares, concluded a US$25m asset-based lending (ABL) agreement with the e-commerce order fulfilment provider, PFSweb.
23/06/2023
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Santander Corporate & Investment Banking (Santander CIB), one of the leading global banks in trade finance, and Komgo, the world’s largest multi-bank trade finance network, have partnered to accelerate the digital transformation of several Trade & Working Capital products.
23/06/2023
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Following the Bank of England’s decision today to raise interest rates by 0.5 per cent, Michael McGowan, Managing Director of Foreign Exchange, Bibby Financial Services, said:
22/06/2023
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Egyptian fintech Agel has announced it has successfully closed a pre-seed round for undisclosed seven-digit figure, led by MENA-focused venture capital firms, Plus Venture Capital (+VC), Seedstars International Ventures, Flat6labs, with participation of SEEDRA Ventures, Banque Misr Acceleration Program, and angel investors.
22/06/2023
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The Swiss continue to live on an island of monetary stability. In May 2023, they recorded an inflation rate of only 2.2 per cent. In contrast, inflation rates in Germany and Austria are almost three and four times as high, at 6.1 per cent and 8.8 per cent, respectively. Where does this great divergence in the price increases of the neighboring Alpine states come from?
22/06/2023
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