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White Oak Commercial Finance (WOCF), a global working capital financier, provided a US$10m non-recourse factoring facility to an e-commerce wholesale apparel firm based in New York City. The funding was secured with accounts receivable and inventory.
04/05/2021
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The BOT (Bank of Thailand) has created a database to prevent the local players against factoring fraud, support the local industry to develop safe and help SMEs to access the product.
04/05/2021
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There seemingly isn’t a day when another story about surging (or collapsing) cryptocurrency firms populate the first page of financial and now even mainstream news channels. For some time now, blockchain has also been talked about as an effective tool to increase productivity and performance in the factoring/receivables management (RM) industry.
04/05/2021
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Winedepot, the online platform of Digital Wine Ventures, has partnered with Australian fintech Earlypay to launch ‘Liquidity’, a payment management solution. Based on a this agreement, Earlypay will provide to Winedepot back-end technology, operational support and funding.
04/05/2021
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Virgin Money, a UK digital bank, continues to expand its business banking proposition, adding fintech partner, Trade Ledger, which specialises in data-driven lending technology.
04/05/2021
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Carlos Dalmau from International Solutions Division of Banco Sabadell, discusses Spanish confirming and factoring results in 2020.
04/05/2021
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IOUX, a unit of Petit Moyen Kapital – a Reserve Bank of India registered non-banking finance company (NBFC), launched ‘Ease of Doing Business’ by way of smart contracting and receivables finance.
04/05/2021
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Banks and independent lenders saw little impact to their credit commitments in 2020—one of the few areas of the financial services industry largely unaffected by the COVID-19 pandemic, according to cumulative data released today by the Secured Finance Network (SFNet).
03/05/2021
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Tesco is set to become the first UK retailer to offer its supply base sustainability-linked supply chain finance (SCF), in a move the retailer hopes will encourage more suppliers to sign up to science-based emissions reduction targets.
03/05/2021
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The Hongkong and Shanghai Banking Corporation (HSBC) and Unilever Bangladesh conducted this month their first transaction using HSBC’s supply chain finance (SCF) platform. The digital solution provides working capital finance to Unilever’s suppliers, according to a statement.
03/05/2021
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