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Banco Latinoamericano de Comercio Exterior - Bladex (NYSE:BLX), TC Latin America Partners (TC Latam) and Toesca Asset Management (Toesca) announce the launch of Greenbridge Capital, a regional private lending platform, whose first factoring vehicle will be funded by Bladex.The joint venture will begin operations in Chile before the end of 2023 with plans to expand to other countries in the region such as Colombia, Peru and Mexico. The first vehicle, with a financing capacity of up to US$200m, will be exclusively focused on the Chilean factoring market.
29/11/2023
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BizPay, the Australian fintech offering buy now, pay later (BNPL) services for business-to-business invoices, has fallen into voluntary administration end of last week. It is the latest Australian BNPL to collapse, despite its ambitious plans to become the leading provider of B2B invoice financing.
29/11/2023
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HSBC has appointed Vinay Mendonca to lead its new embedded finance fintech. This fintech is a joint venture with B2B fintech Tradeshift in which HSBC holds 75 per cent while Tradeshift the remaining 25 per cent. Vinay Mendonca was chief growth officer for HSBC’s Global Trade and Receivables Finance (GTRF) before taking over as CEO of the joint venture.
29/11/2023
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Surecomp today announced that CargoX is the latest partner to join its RIVO™ platform. The collaboration further expands Surecomp’s fintech ecosystem, affording customers centralised access to a choice of best-in-class electronic trade document solutions through which to streamline their digital trade finance process.
29/11/2023
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Red Fort Capital Finance Company Private Limited (Red Fort Capital), an Indian Non-Banking Financial Company (NBFC) MSMEs lender, has just launched invoice discounting in order to bridge the financing gap faced by small and medium-sized enterprises.
28/11/2023
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Fluence Energy, Inc. (Fluence), a leading global provider of energy storage products and services and optimisation software for renewables and storage, has entered into a new four-year US$400m asset backed lending (ABL) credit facility maturing in November 2027.
28/11/2023
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FGI Worldwide LLC (FGI), a global leader in commercial finance, today announced that the UK’s largest independent invoice finance provider, Bibby Financial Services (BFS), has chosen FGI T.R.U.S.T.™ as its software platform for bad debt protection management and administration.
28/11/2023
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Beltone Financial Holding (Beltone), one of the fastest growing financial institutions in Egypt, announces its consolidated financial and operational results for the period ending September 30, 2023. In nine months, the Company witnessed remarkable transformation and restructuring that led to a solid turnaround.
28/11/2023
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Lenvi Riskfactor, the leading provider of risk management software for the receivables finance industry, today announces the launch of its 2023 European Fraud Readiness Report.
28/11/2023
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H&M Group is taking a leadership position in establishing collaborative financing solutions that enable the necessary decarbonisation of fashion supply chains. To realise this ambition, H&M Group, together with Southeast Asia's largest bank, DBS, has initiated a collaborative finance tool – a first-of-its-kind green loan programme that facilitates supply chain decarbonisation in the apparel sector.
27/11/2023
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The Abu Dhabi Department of Economic Development (ADDED) has launched the SME Finance Facilitator programme, in partnership with the Emirates Classification Society “Tasneef” and with the support of the Abu Dhabi Chamber of Commerce and Industry (ADCCI), and leading banks, to improve SMEs access to financial services and enable them to grow further and play a greater role in the sustainable development.
27/11/2023
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Cashflows, the platform simplifying payment acceptance for businesses has launched Cashflows Advance – a new service that enables merchants to access frictionless funding without fixed monthly repayments.
27/11/2023
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The European Banking Authority (EBA) today launched a public consultation on new Guidelines on preventing the abuse of funds and certain crypto-assets transfers for money laundering and terrorist financing purposes. These ‘travel rule’ Guidelines specify the steps that Payment Service Providers (PSPs), Intermediary PSPs (IPSPs), crypto-asset service providers (CASPs) and Intermediary CASPs (ICASPs) should take to detect missing or incomplete information that accompanies a transfer of funds or crypto-assets.
24/11/2023
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Funding Circle, the UK’s leading SME lending platform, and Atom bank, the UK’s first app-based bank, have announced a new lending partnership to provide up to c.£150m of funding to small businesses.
24/11/2023
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Factoring services in Mauritius emerged in the late 1990s as a tool for facilitating trade transactions, which are a key driver of economic growth.
24/11/2023
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