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Marco — one of the first tech-enabled trade financing platforms built for small and medium-sized businesses in Latin America and the United States— announced today it had received a US$200m credit facility from leading middle market lender MidCap Financial and global asset-based private credit specialist, Castlelake.
28/02/2023
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Bibby Financial Services (BFS) has announced it significantly boosted funding for Scotland’s small and medium sized enterprises in 2022 as part of its ambitious national growth plan.
28/02/2023
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Ten Spanish banks have come together to launch a platform for invoice registration by the fourth quarter of 2023.
28/02/2023
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Contour, the global digital trade finance network has today announced its strategic partnership with TradeGo, a blockchain-based commodity trading service platform that enables the secure and transparent transfer of electronic Bills of Lading (eBL).
28/02/2023
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UK-based lending platform Funding Circle has partnered with Sage, the accounting, financial, HR, and payroll technology firm for small and mid-sized businesses (SMBs). The collaboration aims to simplify secure funding for small businesses.
27/02/2023
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IFC, a member of the World Bank Group, and BNP Paribas (BNPP), the European Union's largest bank as measured by assets and a key player in international banking, today announced a landmark Synthetic Significant Risk Transfer (Synthetic SRT) transaction, which will enable BNPP to expand its trade finance activities and continue to support emerging market economies.
27/02/2023
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A new Defi platform, OpenTrade, was unveiled earlier this year in London. David Sutter, the startup's creator, formerly served as Marco Polo's Chief Product Officer. Marco Polo filed for insolvency last week.
27/02/2023
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Allianz Trade has announced it will acquire a 50 per cent stake in Cosec, the Portuguese trade credit insurance provider, from Banco BPI, one of Portugal's largest banks. Allianz Trade already owns 50 per cent of Cosec and will own 100 percent of the company once the transaction closes.
27/02/2023
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Asset managers are always on the look-out for new asset classes to diversify risk and maximise yield. How have trade assets fared from the perspective of asset managers? And how are asset managers tapping into this asset class? These considerations were discussed in the session titled, “Alternative funding sources and new asset classes - convergence of asset management and supply chain finance,” at the Tallinn SCF Summit 2023.
24/02/2023
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Soaring inflation is affecting firms' ability to secure affordable finance. In an inflationary environment, the natural tendency of central banks is to hike interest rates. This has the effect of dampening demand, but at the expense of increased costs to business.
24/02/2023
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Monroe Capital LLC (Monroe), an asset based lending (ABL) provider, has entered into a definitive agreement to acquire Horizon Technology Finance Management LLC, (Horizon).
24/02/2023
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On February 6, the south eastern provinces of Türkiye were hit by earthquakes that killed over 40,000 people in Türkiye and Syria. This toll, far from being definitive, could double according to the United Nations. Millions of people are in need of humanitarian aid and medical personnel work to prevent the spread of diseases in centres that are housing tens of thousands of refugees.
24/02/2023
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ICC UAE announces the 2nd edition of Global Trade Facilitation Summit 2023, themed "Trade Transformation and Technology" which will take place during the week commencing 13th March 2023 at Dubai Chambers, Dubai, United Arab Emirates. BCR Publishing is their media partner.
24/02/2023
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Accord Financial Corp., one of North America’s leading independent commercial finance companies (Accord) moved quickly to help a leading child safety product manufacturer when the company’s previous lender decided to reduce its footprint in the Canadian market. Over the past several years, the company had resolved their supply chain problems by acquiring a contract manufacturer that had been making their products.
24/02/2023
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Only two weeks remain until the Trade & Investment Forum (TIF23) starts in London on March 9; in this episode of BCR Webcasting, Michael Bickers talks to Lord Chris Holmes of Richmond (pictured), the keynote speaker, about the opportunities that the new Electronic Trade Documents Bill will present for the trade finance sector.
23/02/2023
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