|
Leading supply chain technology platform 1TCC™ yesterday announced the appointment of its new Chief Financial Officer and three new strategic advisors to its leadership team. These leaders will provide insights and expertise to guide the fintech company's expansion and innovation in the inventory funding and holding space.
12/05/2023
|
|
Effective 1st of August, 2023 in India, businesses with a turnover of more than INR 5 crore (US$1.22m) must generate e-invoices for all B2B transactions. The new amount was announced through a notification from ministry of finance from 10 May.
11/05/2023
|
|
Commenting on the outlook for SMEs as the Bank of England (BofE) raises interest rates yet again, Douglas Grant, Group CEO at Manx Financial Group PLC, said: “Today’s rise in interest rates is yet another blow to businesses struggling to manoeuvre as cashflows are squeezed. Stubbornly high inflation and flatlining GDP data highlighted sluggishness that may be difficult to shake off.
11/05/2023
|
|
After years of controversy on its operations, Capital Match, a Singapore-based peer-to-peer lending startup is shutting its platform and entering liquidation, according to an email sent to investors today.
11/05/2023
|
|
The upcoming general election in Turkey could prove a turning point for the country's economy, whoever wins the public vote.
11/05/2023
|
|
CIT Commercial Services, a subsidiary of First Citizens Bank, provider of factoring, working capital financing, supply chain financing, credit protection and accounts receivable management, has announced leadership changes.
10/05/2023
|
|
Secure Trust Bank Commercial Finance (STB Commercial Finance), a leading UK asset-based lending provider, has expanded its nationwide network of sales professionals with the appointment of Andrew Welden as Regional Sales Director for the North West. Andrew joins from Breal Zeta CF, where he led on the firm's asset-based lending strategy across Merseyside and Cheshire.
10/05/2023
|
|
Profectus Capital, a non-banking financial company backed by global private equity firm Actis, has announced the receiving the Certificate of Registration (CoR) under the Factoring Regulations Act, 2011 from the Reserve Bank of India (RBI). This certificate will allow the company to provide factoring services to MSMEs.
10/05/2023
|
|
Time Finance, the alternative finance provider to UK SMEs, has achieved another lending milestone with the delivery of its first asset based lending (ABL) facility.
10/05/2023
|
|
After a record year in 2022, Poland’s factoring market continues to grow in 2023. In the first three months of this year total factoring volume was 8.4 per cent higher than during the same period in 2022, according to the Polish Factors Association. Polish factors financed nearly PLN 113.8bn (EUR25bn) of invoices in the January to March period of this year.
09/05/2023
|
|
“Electronic Trade Documents Bill is the major breakthrough that we were waiting for,’ Markus Wohlgeschaffen, Managing Director, Traxpay
09/05/2023
|
|
Legacy Corporate Lending a new asset-based lending (ABL) company, today announced its launch as an independent lender focused on serving the needs of middle market companies across North America. Legacy is launching with a significant equity investment from funds managed by a subsidiary of Bain Capital Credit, L.P., a leading global credit specialist.
09/05/2023
|
|
LexisNexis® Risk Solutions released its latest Small and Midsize Business (SMB) Lending Fraud Study. Based on a survey of lenders, SMB lending fraud has increased significantly during the past 12 months, with many smaller banks, credit unions and fintechs expecting fraud levels to worsen over the next year.
09/05/2023
|
|
Setscale, a fintech startup solving the trade financing dilemma for small businesses, revolutionising announced it raised a US $9.5m seed funding round, as well as secured up to US $70m in debt.
09/05/2023
|
|
Standard Chartered and global payments platform Tazapay today announced a global partnership to deliver best in class payments and commerce enabling experiences as part of the Bank’s broader initiative to provide curated financial services on B2B platforms.
08/05/2023
|