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Allianz Trade, a global provider of credit insurance and risk management solutions, and specialist credit and political risk insurance broker BPL have announced a pioneering collaboration to improve data sharing between underwriters and brokers. This partnership employs API integration via the digital trading platform Whitespace, a Verisk business.
02/07/2024
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The European Bank for Reconstruction and Development (EBRD) is supporting further development of modern retail standards and e-commerce in Uzbekistan by financing the expansion of one of the country’s leading consumer electronics and household appliances chains, CA-store (previously known as “Credit Asia”).
02/07/2024
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Validus Group, a Singapore-based digital SME financing platform, has secured US$17.57m in debt financing from Oikocredit and FMO to support SMEs in Indonesia, as reported by Fintech Singapore.
02/07/2024
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Italian business software solutions provider TeamSystem has acquired a 61 per cent majority stake in Change Capital, a Milan-based fintech specializing in AI-backed credit mediation services for SMEs.
02/07/2024
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Millennium Personnel Services (MPS), a provider of specialist qualified crane operators for the construction sector, has secured a £3.85m funding facility from Praetura Commercial Finance to support their growth strategy.
02/07/2024
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State Bank of India (SBI) has introduced 'MSME - Sahaj', a new web-based digital business loan solution aimed at micro, small, and medium enterprises (MSMEs) for invoice financing. This initiative allows SBI customers to secure financing against their Goods and Service Tax (GST) registered sales invoices up to ₹1 lakh in under 15 minutes.
01/07/2024
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Banca Ifis has successfully completed the restructuring of a securitisation worth €1.15bn involving proprietary factoring receivables.
01/07/2024
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CredAble, a leading FinTech specialising in working capital financing, has announced the launch of its new product—Revolving Short-Term Loans, as part of its new MSME lending vertical. This new product is tailored to meet MSMEs' specific working capital needs, combining term and demand loans.
01/07/2024
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To help provide vital financing to importers and exporters of essential goods in Africa, especially in small, fragile, and conflict-affected states, IFC announced a risk-sharing facility with Deutsche Bank of up to €215m.
01/07/2024
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Real-World Asset Tokenisation: A Game Changer for Global Trade, a new paper published by Standard Chartered and Synpulse, predicts that demand for overall tokenised assets could reach US$30.1tn by 2034, and that trade finance assets could become one of the top three tokenised assets globally, at 16 per cent of the total.
01/07/2024
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Hawaiian Electric Company has received approval from the Public Utilities Commission for an asset-based lending facility credit agreement, enabling short-term borrowings of up to US$250m on a revolving basis using certain accounts receivable as collateral. Details of the ABL Credit Facility Agreement can be found in HEI’s Form 8-K filed with the Securities and Exchange Commission on May 23, 2024.
01/07/2024
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OLTA, which offers Japan’s first online factoring service "OLTA Cloud Factoring," has launched "Nagano Kenshin Cloud Factoring powered by OLTA" in partnership with Nagano Ken Shinyo Kumiai. This marks the first collaboration with a credit union for cloud factoring services. With this partnership, OLTA now has OEM agreements with 38 regional financial institutions for cloud factoring.
01/07/2024
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EcoPro BM announced that its European subsidiary, EcoPro BM Hungary, has signed an ECA financing agreement with the Export-Import Bank of Korea and the Korea Trade Insurance Corporation for US$860m. ECA financing, involving public export credit agencies like the Export-Import Bank and the Korea Trade Insurance Corporation, provides direct loans, guarantees, and insurance to support the overseas expansion and exports of domestic companies.
01/07/2024
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In order to create a suite of credit risk products that offer credit teams simplified policy compliance and enhanced portfolio insights, London-based company Bondaval has entered the trade credit insurance market. The company has launched its first product in this line which will be made available on their platform in the UK and European Union (EU) and is backed by Great American International Insurance UK.
28/06/2024
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Featuring factoring statistics, market reviews and company directories from 36 countries around the world, the World Factoring Yearbook 2024 is an essential point of reference for the receivables finance industry.
28/06/2024
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