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As the tech start-up sector comes to terms with the collapse of Silicon Valley Bank (SVB), two UK financiers, Muse Finance and Channel Capital, have stepped in to provide finance to the sector.
14/03/2023
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Bristol-based invoice finance provider Optimum Finance has appointed Amir Pournasrollahzadeh to lead its regional sales team in the East of England as the business continues to grow its portfolio of SME clients and build on its success in 2022.
14/03/2023
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Keynote: The opportunities for trade and trade finance following enactment of the Electronic Trade Documents and Financial Services and Markets Bills
14/03/2023
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UK’s alternative lender Iwoca is rolling out instant decisions for loans up to £25,000 with the help of CRIF, Europe’s leading credit information provider.
14/03/2023
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Banca Ifis, a challenger bank specialising in financial products and services for SMEs signs a reverse factoring agreement with The Italian Sea Group SpA (TISG), a global operator in the luxury yachting sector, to support their production chain.
14/03/2023
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An international rescue effort has come into play to help the many tech start-ups that were funded by the collapsed Silicon Valley Bank (SVB). Not only are major banks, such as HSBC, which has bought SVB’s UK unit, involved, but a raft of Indian companies in the alternative finance field are also playing their part.
13/03/2023
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The Philippines’ supply chain finance market has enormous potential, and is forecast to cover 15 per cent of MSMEs’ cashflow needs by 2024. This is the view of UnaCash Supply Chain Financing based in Manila, in the Philippines.
13/03/2023
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The OPEC Fund for International Development (OFID) has announced that it is providing a US$40 million loan to Vietnam Maritime Commercial Joint Stock Bank (MSB) for on-lending to small and medium-sized enterprises (SMEs).
13/03/2023
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Saudi Arabia’s Small and Medium Enterprises Bank (SME Bank), a development bank under the National Development Fund, announced the allocation of SAR10.5bn (US$2.8bn) to support the small and medium enterprises sector, through existing and new financing programmes offered by the Bank, including direct and indirect lending programmes, fina
13/03/2023
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Bill, one of the leading US financial automation software providers for small and midsize businesses, announced a partnership with BMO to digitise and streamline business payments. BMO Bill Connect, powered by BILL, is a bill pay and invoicing platform that helps customers pay and get paid in a simpler, faster and more secure way.
13/03/2023
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BCR and ITFA held their first Trade and Investment Forum in London on Thursday at the offices of SMBC. The TIF event sought to look at the potential for opening up the market for investing in trade finance assets in order to increase liquidity through asset distribution and thus enabling further growth in trade finance and hopefully helping to reduce the trade finance gap – currently thought to be around US$1.7trn.
13/03/2023
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Poland was allowed by European Council to introduce mandatory e-invoicing starting from January 2024. However, the latest announcements from the Polish Ministry of Finance, the mandatory e-invoicing system will be postponed to July 2024.
10/03/2023
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Premji Invest led a US$110m funding round for supply chain financing (SCF) platform Mintifi. In the round have participated as well the existing investors, Norwest Venture Partners, Elevation Capital, and International Finance Corporation.
10/03/2023
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France-based embedded invoice finance provider Aria, has concluded €50m in a debt fundraising round from M&G Investments. This funding comes in addition to €20m already secured in 2022.
10/03/2023
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Commenting on the outlook for SMEs as GDP grows by 0.3 per cent in the UK, Douglas Grant (pictured), Group CEO of Manx Financial Group PLC, said: “The latest GDP figures for January show an unexpect
10/03/2023
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