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Nine out of ten companies have suffered a political risk loss in the past year, transforming Political Risk from a low frequency, high severity peril into “everyone’s risk,” according to How are global businesses managing today’s political risks a new report by WTW, a leading global advisory, broking, and solutions company.
24/04/2023
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Specialised financing led a recovery during 2022 that was practically immune to the instability factors that marked this year which witnessed the start of a war in the middle of Europe and the escalation of inflation to double-digit values.
21/04/2023
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I have found the IMF blog published periodically online of great value and the most recent one (April 11, 2023) had a great deal of content that I believe ought to be of interest to the global factoring industry.
21/04/2023
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Mastercard has announced its collaboration with M1xchange to offer a digital invoice discounting solution to farmers, farmer producer organisations (FPOs), and agri-MSMEs.
21/04/2023
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Rosenthal & Rosenthal Southeast, a wholly-owned subsidiary of Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced it has acquired Lyon Capital Corporation, the factoring division of Lyon Credit Services, the premier credit reporting agency in the home furnishings industry since 1876.
20/04/2023
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Commenting on UK inflation remaining in double digits as long-term liquidity concerns intensify for SMEs, Phil Chesham, Managing Director at Time Finance, said:
20/04/2023
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Since its launch in September 2021, Cynergy Business Finance (CBF), the asset-based lending (ABL) arm of Cynergy Bank, has supported over 127 businesses and reached £200m milestone in funding provided to the UK SMEs.
20/04/2023
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Triver, a short-term working capital provider for UK SME, has raised £7m in a seed funding round led by Deliveroo and Zoopla backer Stride.
20/04/2023
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Bastion Management and Hudson Cove Capital Management have provided a US$100m senior debt facility to NexGen Financial Inc. (NexGen). The new funding will support NexGen further growth by covering the working capital needs of the company.
19/04/2023
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The Institute of Financial Accountants (IFA) has announced a new partnership to provide capital support for SMEs. The leading professional accountancy membership body has partnered with White Oak, one of the largest FCA regulated non-bank lenders in the UK.
19/04/2023
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Following the successful growth of its teams in the UK and US, Allianz Trade, the global leader in trade credit insurance, announced its expansion of excess of loss teams in Germany, Asia Pacific, Spain, and Brazil. Allianz Trade will provide support to these markets by investing in dedicated teams that are physically present in these regions.
19/04/2023
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African Export-Import Bank (Afreximbank) has signed a landmark agreement with Banque Postale du Congo (BPC) to provide the Congolese bank with €10m factoring facility to support SMEs in the Republic of Congo and the CEMAC region.
19/04/2023
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Fresh data from Time Finance has uncovered the true impact of late payments for SMEs with 75 per cent of UK businesses worrying about cashflow as a direct result of overdue invoices from their customers.
19/04/2023
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GST Network (GSTN) India said the government has decided to impose a time limit on reporting old invoices on the e-invoice IRP portals for taxpayers with aggregate annual turnover greater than or equal to INR 1bn (US$12m). The time limit imposed by GSTN is 7 days. This limit relates only to invoices and not to credit or debit notes. The change is expected to increase the goods and services tax (GST) collection.
18/04/2023
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Contour, the leading digital trade finance network, announced today that Pan-African bank, Absa Corporate and Investment Bank are intent on joining the network and are in the process of finalising negotiations.Absa CIB clients will be able to adopt a fully digital end-to-end Letter of Credit (LC) settlement process. Presenting digital LC documents can be done from an average of five to 10 days to under 24 hours. Currently, many of the continent’s trade transactions are manual and paper-based, which slows down trade growth by creating another layer of complexity and costs.
18/04/2023
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