|
Finacity Corporation (“Finacity”), a White Oak Company, today announced that it has facilitated the funding of more than US$1trn of trade receivables over the past 5 years on behalf of its clients.
20/02/2024
|
|
Maybank has announced its plans to disburse approximately RM18bn (US$208.4m) in SME financing for the year 2024, marking a 13 per cent increase from the previous year. This initiative aims to expedite the transition of its customers towards more sustainable and viable business operations.
20/02/2024
|
|
Just over a year since their partnership began, DP World Trade Finance, with support from Etihad Credit Insurance (ECI), has facilitated over AED1bn (US$272.3m) in non-oil-based trade, boosting international trade and supporting the UAE’s export economy.
20/02/2024
|
|
CredAble, a leading FinTech player in supply chain finance and SBI Global Factors Ltd. (SBIGFL), India’s premier factoring company, announced their strategic business partnership.
20/02/2024
|
|
The Polish factoring industry concluded 2023 with a marginal 2.3 per cent decrease in turnover. However, this decline is an improvement from the 3.3 per cent recorded at the end of the third quarter, indicating a gradual recovery in the market.
19/02/2024
|
|
Mollie, one of the fastest growing financial services providers in Europe, today announced the UK launch of Mollie Capital – a fast and flexible way for SME merchants to access funding. Mollie Capital gives UK retailers the opportunity to bypass traditional lenders and access up to £250,000 to help drive growth.
19/02/2024
|
|
The International Islamic Trade Finance Corporation (ITFC) and Asia Alliance Bank have inked an agreement to bolster trade financing for Uzbekistan's private sector, particularly small and medium-sized enterprises (SMEs).
16/02/2024
|
|
Taulia, a leading provider of working capital management solutions, has announced its collaboration with International Finance Corporation (IFC), a member of the World Bank Group, to build sustainable supply chain finance programmes for small and medium-sized enterprises (SMEs) in emerging markets.IFC is Taulia’s inaugural multilateral funder and adds to its already large and growing multi-funder network, which enables the business to access an increasingly broad and diverse funding pool.
16/02/2024
|
|
The Turkish economy expanded by 5.6 per cent in 2022, according to the Turkish Statistical Institute (TurkStat), according to
16/02/2024
|
|
Secure Trust Bank Commercial Finance has strengthened its regional presence with the appointment of Will Duxbury (pictured) as portfolio and structuring director in its Leeds office.
16/02/2024
|
|
Regulatory and compliance issues are the most significant barriers to investment in private debt, according to 63 per cent of respondents to a Tradeteq survey of more than two-hundred finance professionals from the private debt and trade finance arena.
16/02/2024
|
|
WTW has announced the appointment of Cruz González Agrelo to Global Head of Receivables and Supply Chain Finance (SCF). This announcement comes as part of WTW strategic initiative to enhance the global presence in the trade credit insurance field for banks and non-banking financial institutions.
15/02/2024
|
|
Data from 2022 shows impressive growth in the European factoring market, with turnover reaching EUR 2.380bn, an increase of 19 per cent over 2021. It is the second year of double-digit growth after the drop in 2020.
15/02/2024
|
|
As reported today, the UK fell into recession in the second half of 2023, after the economy shrank by more than expected. According to the latest data from the Office for National Statistics (ONS), gross domestic product (GDP) shrunk by 0.3 per cent in the last three months of 2023, having contracted by 0.1 per cent between July and
15/02/2024
|
|
The next generation of business leaders have received over £100m worth of support from the Government backed Start Up Loan Scheme.
15/02/2024
|