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Receivables finance is proving its relevance to businesses of all sizes, from start up to mature global operator. The service is widely available and growing strongly with higher sales and more clients and buyers joining programmes. There are, however, economic headwinds and specific challenges, including ending of government support schemes.
04/08/2023
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Flux Power Holdings, Inc. (Flux Power), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, today announced that it has secured a new US$15m credit facility from Gibraltar Business Capital (GBC) to fund working capital and to refinance its existing credit facility with Silicon Valley Bank (SVB).
04/08/2023
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CredAble, an Indian supply chain finance fintech, partners with GRIP Invest to create ‘InvoiceX Bluechip 200+,’ a securitisation transaction hosted on the GRIP Invest website.
04/08/2023
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Kyriba, a global leader of cloud-based finance and liquidity solutions, announced today it has been named a Leader in the IDC MarketScape: Worldwide SaaS and Cloud-enabled Enterprise Treasury and Risk Management Applications 2023 Vendor Assessment (Doc #US45741820, July 2023) and IDC MarketScape: Worldwide SaaS and Cloud-Enabled Midmarket Treasury and Risk Management Applications 2023 Vendor Assessment (Doc #US45741720, July 2023).
04/08/2023
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Following the Bank of England’s decision today to raise interest rates by 0.25 per cent, Michael McGowan, Managing Director of Foreign Exchange, Bibby Financial Services commented:
03/08/2023
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Singapore-based digital financing platform, Funding Societies, has partnered with CGC Digital, the fintech subsidiary of Credit Guarantee Corporation Malaysia Berhad (CGC), to provide digital guarantees for Sharah-compliant supply chain financing transactions for micro, small and medium enterprises (MSMEs).
03/08/2023
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Basware, the leader in making accounts payable (AP) automation and invoice processing happen, announces its Partner Dematerialisation Platform (PDP) application to support French businesses sending and receiving invoices digitally.
03/08/2023
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Versant Funding has agreed and funded US$4.8m - a non-recourse factoring transaction - to a commercial bakery providing its products to supermarkets and grocery chains.
02/08/2023
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White Oak ABL, LLC, White Oak Commercial Finance, LLC, and other funds and accounts managed by White Oak Global Advisors, LLC, (collectively, White Oak), have closed a new US$70m commitment in a US$225m ABL credit facility to a leading private-equity owned home textile supplier, specialising in fashion top of bed, basic and utility bedding, and window coverings.
02/08/2023
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Triterras, Inc. (Triterras), a fintech company focused on digital trade and supply chain finance, has recently announced the appointment of Saurabh Arora as Vice President of Business Development. Mr. Arora will incharge of the development of new client, partner and ecosystem relationships for Triterras’ services and support capabilities to further the global expansion of cross-border trade opportunities.
02/08/2023
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02/08/2023
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Novo, a Miami-based financial platform for small businesses has secured a US $125m finance facility from Victory Park Capital (VPC), which will be used to provide working capital to SMEs. This will be done through Novo Funding, offering SMEs instant access to up to US $75,000 of working capital via their Novo account.
01/08/2023
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BCR Publishing will be releasing the World Factoring Yearbook 2023 (WFY2023) this week. Featuring factoring statistics, market reviews and company directories from 38 countries around the world, the World Factoring Yearbook 2023 is an essential point of reference for the receivables finance industry.
01/08/2023
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HSBC and B2B fintech Tradeshift have today announced an agreement to launch a new, jointly-owned business focused on the development of embedded finance solutions and financial services apps.
01/08/2023
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Contour, the leading digital trade finance network, announced today that the Singapore office of MUFG Bank (MUFG), Japan’s premier bank is joining its growing digital network.
01/08/2023
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