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The Hedaya Capital Group provided a US$5m factoring and purchase order financing facility to a New York City-based clothing designer and manufacturer which offers a collection of brands.
15/04/2024
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Northleaf Capital Partners (Northleaf), a global private markets investment firm, today announced that it served as the lead arranger of a US$100m asset-backed second lien credit facility to Cutting Edge Group (CEG), an established investor in and manager of niche media music rights.
15/04/2024
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The Board of Directors of Alisa Bank Plc (Alisa Bank) and the shareholders of PURO Finance Ltd (PURO Finance) have agreed on the combination of the companies through a share exchange, upon the completion of which Alisa Bank acquires PURO Finance from the current shareholders of the company (Combination or Transaction).
15/04/2024
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London-based FinTech Satago and mmob, the universal API adaptor, have announced a new partnership, facilitating the integration of Satago’s Invoice Finance and Cash Flow solutions into lenders' and corporates' platforms. This collaboration streamlines the process, allowing for the embedding of Satago’s 3-in-1 Working Capital solution for SMEs through a single code snippet.
15/04/2024
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ThinCats, the UK’s leading alternative lender to mid-sized SMEs, has announced the launch of Agile Capital, a flexible funding solution for growth and working capital.
15/04/2024
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The year 2022 saw the emergence of another black swan event, i.e. the Ukraine – Russia geopolitical situation. Two back-to-back black swan events truly summarises that we indeed are living in a VUCA (Volatile, Uncertain, Complex, Ambiguous) world, said Ravi Valecha, CEO of India Factoring and Finance Solutions Pvt. Ltd., in his article included in the most recent edition of the World Factoring Yearbook.
12/04/2024
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ABN AMRO Commercial Finance & ABN AMRO Lease has delivered a significant multi-million euro cross-border funding solution to Oxalis Logistics Group, backed by Auctus Capital Partners AG. Auctus Capital Partners AG, a Munich and Milan based private equity firm focused on long-term value creation for SMEs, sought funding to support business growth through their partnership with logistics specialist Oxalis Logistics Group.
12/04/2024
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The resilience of the asset-based lending market continued in the fourth quarter, according to data released by the Secured Finance Network (SFNet). Lenders held positive against the backdrop of an uneven economy, but are closely watching portfolios in 2024.SFNet surveyed bank and non-bank asset-based lenders (ABLs) on key indicators for its quarterly Asset-Based Lending Index and SFNet Confidence Index.
12/04/2024
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To optimise cash flow and unlock working capital more efficiently for their clients, Canadian fintech Nuvei Corporation (Nuvei) has announced the launch of invoice financing services. The new offer is allowing merchants to access invoice financing directly within their ERP systems.
11/04/2024
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Banc of California, a wholly owned subsidiary of Banc of California Inc., has announced the promotion of several leaders in community banking, which provides in-market relationship lending and treasury management solutions through its network of branches and regional offices.
11/04/2024
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Following the publication of the European Central Bank (ECB)’s interest rate announcement today, Michael McGowan (pictured), Managing Director, Foreign Exchange, Bibby Financial Services (BFS), commented:“The European Central Bank’s decision to hold interest rates today stands to ripple through international markets. Here in the UK, the bank’s consistently cautious approach has so far produced expensive consequences for exporters.
11/04/2024
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The CEO of the United Kingdom’s export credit agency has visited Togo and Benin, meeting government ministers in both countries to signal UK Export Finance (UKEF)’s readiness to extend up to £4bn of support for local projects.Last year, the UK’s exports to Togo were worth £287m whilst its exports to Benin were worth £58m. UKEF is working to enable British businesses of all sizes to access opportunities in these and in other Francophone West African countries.
11/04/2024
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EIB Group synthetic securitisation will enable Erste Bank to lend up to €196m to small and mid-sized businesses in Austria.The transaction is the first synthetic securitisation in Austria that falls under the European label for simple, transparent and standardised (STS) transactions.
11/04/2024
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Leading SME finance provider, Time Finance, has appointed Caroline McDonald as the new Head of Marketing in a move that will support the business’ long-term growth strategy as it nears the end of its strongest trading year to-date.Caroline brings over 20 years of experience in business finance, having held senior marketing roles for a number of funders including Aldermore and Catalyst Business Finance and more recently with broker focussed organisations, including The Broker Hub and Funding Xchange.
11/04/2024
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In light of the rapidly changing landscape of the trade finance industry, FCI has decided to start establishing a regional committee structure. This strategic move is designed to address the diverse needs of the members more effectively and adapt to evolving market dynamics.The first regional committee has been established in the United Arab Emirates as the Regional Committee for MENA.
10/04/2024
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