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Standard Chartered and the IFC announced the signing of a US$700m investment in IFC’s Global Trade Liquidity Programme (GTLP) to support global trade finance.
14/04/2023
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Steady confidence in the asset-based lending market marked the fourth quarter, according to data released by the Secured Finance Network (SFNet).
13/04/2023
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The Vilnius-based fintech SME Finance has obtained additional €100m funding from Fasanara Capital (Fasanara) to support financing for European SMEs. It brings now the total finance received from Fasanara to €240m. The new funding will help SME Finance to achieve its goal of establishing an EU-wide fintech marketplace.
13/04/2023
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With over 40 years of industry expertise, Brian Rosen has established a specialty lending platform, Algoma Capital (a sister company to InvestBev), to provide credit to the craft spirits industry. Algoma Capital will provide credit to premium distillers, brand owners and suppliers seeking to finance barrel inventory on an asset-basis. The firm will deploy up to US$10m in each investment.
13/04/2023
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Surecomp® today announced the appointment of Tal Weiser as Chief Revenue Officer to accelerate digital trade finance adoption and support the company’s growth objectives. Helping fulfill its mission to enable seamless, sustainable trade for everyone by removing barriers and fostering collaboration, Mr Weiser will focus on reinforcing Surecomp’s market expansion within the financial institution and corporate domains.
13/04/2023
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Pulse Outsource, the specialist back office and payroll funding solutions provider are announcing that they have appointed Garry Watkis in a New Business Executive role. Garry joins a growing and ambitious new business team and will be responsible for supporting the origination and conversion of new business opportunities.
13/04/2023
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The sustainability commitment paradox, a new research report by Standard Chartered, reveals that despite 54 per cent of companies being willing to prioritise positive environmental and social impacts over financial returns, less than 30% have made concrete sustainability commitments or set targets.
13/04/2023
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ICC and TradeFlow Capital Management have unveiled plans to launch the ICC SME TradeFlow Fund to improve access to trade finance for small- and medium-sized enterprises (SMEs) in the commodities sector.
12/04/2023
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Specialist asset-based lender Ultimate Finance provided funding of more than £500m to UK SMEs in the first quarter of 2023, with new business volumes up 12 per cent on last year and 320 new facilities to help keep business moving.Portfolio highlights from Q1 include:
12/04/2023
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Deutsche Bank today announced the closing of a €
12/04/2023
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Ocean Bank’s factoring division signs a US$5m factoring facility for a distributor of recycled paper and cardboard. According to Ignacio Hernandez, senior Vice President and Factoring Sales Manager of Ocean Bank’s factoring team, the company was using its own capital to finance the working capital needs till recently.
11/04/2023
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India Factoring and Finance Solutions has secured 7th position in the global export factoring market, ranking done by FCI. The company has been market leader in India for 5 years, and now it was achieving 7th position in the world export factoring.
11/04/2023
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Turbulence! The word that will most probably come to mind to describe the last couple of years of the Covid-19 pandemic, the Russia/Ukraine war, and the new banking crisis with the collapse of SVB and Credit Suisse. Afroditi Stavraki, Senior Risk Officer, Hellenic Bank Public Co Ltd, Cyprus, clarifies further why.
11/04/2023
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Australian Security and Investment Commission (ASIC) announced the combined notice of administrator appointment and the first meeting of creditors for Apricity Finance Group Pty Ltd, who were placed into administration at the end of March this year. The named administrator is Darren John Vardy.
11/04/2023
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Secure Trust Bank Commercial Finance, a leading UK asset-based lending provider, has bolstered its management team with the appointment of Dominic Castle (pictured) as Regional Managing Director for Yorkshire and the North East.
11/04/2023
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