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In order to diversify its products, Godrej Capital, the non-banking financial company (NBFC) of the Godrej Group, is planning to offer micro credit and supply chain finance (SCF), according to Manish Shah, MD and CEO of the company.
25/04/2023
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New data from Time Finance has shown the growing popularity of invoice finance amongst the B2B community, with demand predicted to rise throughout the year as SMEs set out to stabilise their finances.
24/04/2023
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On 20 and 21 April, EUF & FCI hosted the 8th EU Factoring Summit in Cologne, Germany. This eighth Summit provided a unique opportunity for Industry Leaders to network and address topics that matter to the Factoring Industry. The programme addressed the latest updates and promoted the impact of the Factoring and Commercial Finance Industry in Europe.
24/04/2023
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In the lead-up to RFIx23, Michael Bickers speaks with Professor Edward I. Altman, Director of Research, Credit and Debt Markets, NYU Salomon Centre for the Study of Financial Institutions, about how problematic global zombies are for economies, how governments are viewing these businesses, as well as the outlook for lenders and forecasts of default rates following the pandemic.
24/04/2023
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Standard Chartered Bank has announced the launch of a strategic partnership with information technology company MISA JSC to offer unsecured invoice financing to Vietnamese small and medium-sized enterprises at competitive interest rates and straight-through processes.
24/04/2023
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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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