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Embedded finance provider Liberis has secured US$112m (£89m) in debt financing from HSBC Innovation Banking and BCI Capital to support its further growth in North America and Europe and expansion into new markets, including Canada and Germany.
11/12/2023
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Swift in collaboration with BNY Mellon, Deutsche Bank and four electronic Bills of Lading (eBL) platforms, have successfully tested an interoperability solution capable of enabling the widespread use of electronic documents that are critical to digitise trade.
11/12/2023
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Chipotle Mexican Grill and Bridge are uniting to offer the Bridge business loan marketplace to Chipotle's small- and medium-sized businesses (SMBs) in their supplier network. Bridge is a digital platform that connects SMBs with a diverse group of more than 75 lenders that can provide qualifying businesses with loans of up to US$50m.
11/12/2023
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Factoring volume has been growing over the last few years since its introduction to the Egyptian market in 2005, said Ghada Shams, General Manager & Head of International Factoring, Egypt Factors S.A.E
08/12/2023
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Evolution Credit Partners Management (Evolution), an alternative credit firm with approximately US$3bn in assets under management, announced today the close of two new trade finance facilities to add to its growing trade finance portfolio of about US$1.5bn in total volume since inception.Recent transactions include:
08/12/2023
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The Swiss banking group iSwiss has recently closed an important securitisation transaction on tax receivables of Italian state suppliers resulted from implementing energy efficiency work on public and private building stock.
08/12/2023
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Cynergy Business Finance (CBF), the asset-based lending (ABL) arm of Cynergy Bank, marked two years of trading with a total of 211 new customers and associated funding limits reaching £346m.
08/12/2023
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Singapore-based petrochemicals, green energy and natural resources conglomerate ChemOne Group, has signed a binding definitive facility agreement with MUFG Bank (Malaysia) Berhad, a part of leading global financial services group, MUFG (Mitsubishi UFJ Financial Group) for the Pengerang Energy Complex (PEC).
07/12/2023
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Citi Treasury and Trade Solutions (TTS), within Citi’s Services organisation, has made an investment in Icon Solutions, a leading fintech provider of payments technology and consultancy services. In addition to the investment, Citi plans to expand its use of the Icon Payments Framework (IPF) to enhance its micro-services orchestration architecture. This investment and relationship with Icon Solutions demonstrates Citi’s strategy of working with fintechs to strengthen its technology and payments capabilities.
07/12/2023
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The European Commission decided to take action to combat the problem of late payments in Europe, and in September 2023 presented an unexpected proposal for a new Regulation, pending approval by the EU Council and EU Parliament. Hopefully, it will not pass. Joao Costa Pereira, Editorial Board Member of trfnews and Head of Trade Finance at Ouribank, Brazil, clarifies further.
07/12/2023
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Time Finance is promoting Tracy Watkinson (pictured) as Non-Executive Director. Tracy, who has held a number of board-level positions, has been appointed to the Time Finance board to support the delivery of its long-term growth strategy.
07/12/2023
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ReThink Sustainability, a global sustainability consultancy, has partnered with TradeSun, a provider of scalable, automated ESG scoring solutions, to provide businesses with the insight and expertise they need to improve their sustainability credentials.
06/12/2023
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CloudTrucks has announced that his company is exiting the factoring business as they want to concentrate on their core offerings: Virtual Carrier and Flex.
06/12/2023
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White Oak Commercial Finance, LLC (WOCF), an affiliate of White Oak Global Advisors, LLC, announced today that Christopher Gouskos will join the ABL team at White Oak Commercial Finance as a Managing Director, Originations, departing from his previous similar role as Managing Director, Originations at White Oak Global Advisors (White Oak), which he has held since 2015.
06/12/2023
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Taulia, a leading provider of working capital management solutions, today announced it has added the Bank of China London Branch, and BNP Paribas to its global multi-funder network.
06/12/2023
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