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Jennifer Palmer is announcing the formation of asset-based lending (ABL) company, JPalmer Collective. The new firm will provide customised financing solutions to high-growth companies that do not fit traditional lenders' criteria, women-led companies, consumer brands with a focus on sustainability and inclusivity, brands that are focused on the “conscious” consumer. The firm is headquartered in New York.
09/03/2023
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Ebury, the global financial services firm and one of Europe’s leading fintechs, has expanded its online platform capabilities with the addition of a further 17 exotic currencies.
09/03/2023
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Finastra today announced the availability of its ESG Service, a cloud-native SaaS solution that streamlines sustainability-linked lending. Open and scalable, ESG Service facilitates the integration of sustainability performance target criteria into ESG pricing for both Finastra Loan IQ and other back-office systems in the market.
09/03/2023
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Rosenthal & Rosenthal (Rosenthal), Inc., a leading factoring, asset based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, has announced the completion of a recent US$25m factoring deal for an established and growing company in the juvenile products space.
09/03/2023
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Surecomp® has announced that PT. Bank BTPN Tbk (BTPN), one of the leading privately-owned banks in Indonesia and part of the SMBC Group, is live with its DOKA™ solution to drive streamlined back-office trade finance processing automation.
08/03/2023
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The National Association of Commercial Finance Brokers (NACFB) has called for the government to urgently intervene with two separate regulatory frameworks in a bid to prevent a reduction in SME lending.
08/03/2023
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Global economic and geopolitical shifts have made optimising supply chains and working capital among the highest priorities discussed in board meetings. Calculum, headquartered in Miami, is addressing this universal problem with the first artificial intelligence (AI)-driven treasury solution to help companies optimise payment terms, free up cash flow, and improve sustainability.
08/03/2023
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A trio of fintechs with years of industry-leading experience are joining forces to form a powerhouse set to take on consumer and commercial lending markets.
08/03/2023
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HSBC has announced that Sanjay Tandon will lead the Commodities sector for Global Trade and Receivables Finance (GTRF) globally.
07/03/2023
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The Moroccan government has recently authorised Crédit Agricole du Maroc to create its factoring subsidiary. The new structure - Crédit Agricole du Maroc Factoring- will offer innovative solutions for managing the receivables of the banking group’s customers.
07/03/2023
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Spain's factoring market has shown a remarkable, nearly 30 per cent, expansion year-end 2022 and a surge in activity after reverting to pre-pandemic levels in 2021, according to the latest figures by the Spanish Factoring Association (AEF).
07/03/2023
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Aurubis, a global supplier of non-ferrous metals and one of the world’s largest copper recyclers, has announced that it is linking its factoring programme to its ESG performance. Following a syndicated credit line and a bonded loan, the German company, is planning an initial factoring volume of €150m over three years, which the company says it will gradually increase to €300m.
06/03/2023
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Deutsche Bank has presented its path to a more sustainable Global Hausbank at its 2nd Sustainability Deep Dive to reach its target of enabling a total of €500bn in sustainable financing and investments by the end of 2025. This includes a number of measures to support clients on their path to realign their business model towards more sustainability. The bank also reaffirms its commitment to net zero CO2 emissions by 2050.
06/03/2023
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Finacity Corporation, a White Oak Global Advisors Company, (“Finacity”) announced that it has successfully facilitated a €75m receivables securitisation programme for Sweden-based Media and Games Invest SE (“MGI”) - an advertising software platform. The transaction allows for a senior tranche funded by a German based bank, as well as an investment from Finacity Asset Management in the intermediate subordinated loan to achieve off-balance sheet treatment.
06/03/2023
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Filip & Company law firm assisted the Romanian micro-financing fintech for small companies Instant Factoring, in obtaining €600,000 financing from several investors, including MicroEurope, a company active in the micro-financing sector.
06/03/2023
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