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Lloyds Bank has become the first UK bank to join the WaveBL electronic trade documentation platform, unlocking new trade efficiencies and sustainability benefits for its clients by using electronic Bills of Lading (eBLs).
26/02/2024
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The Inter-American Development Bank (IDB) agreed on a US$12m financing support to Suriname to enhance access to credit for micro, small, and medium-sized enterprises (MSMEs), focusing on bio-businesses.
26/02/2024
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“We are more than just factoring today, FCI is about open account, receivable and payable solutions,” Neal Harm, Deputy Secretary General – FCI
26/02/2024
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Following 2021, a year in which the business environment had to face serious challenges, with Covid-19 specific effects in the economy, 2022 came with new challenges stated Bogdan Rosu, President of Romanian Factoring Association and Director of Next Capital Finance IFN SA, Romania, in his article included in the most recent edition of
23/02/2024
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Arbuthnot Commercial Asset Based Lending (ACABL) has completed a £2.25m facility to support Emerge Global’s investment in Speed Welshpool, as well as providing additional working capital to fuel further expansion and development.
23/02/2024
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The European Bank for Reconstruction and Development (EBRD) is supporting the small and medium-sized enterprise (SME) sector in Egypt with a loan of up to US$25m to the Export Development Bank of Egypt (EBank).
23/02/2024
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An apparel company found itself in need of importing merchandise from China ahead of a substantial seasonal demand. With the looming Chinese New Year, they encountered both financial and time-related pressures. To expedite the process, a factoring company recommended Gateway Trade Funding as a solution.Gateway quickly and efficiently provided a US$2.5m purchase order facility, enabling the company to acquire the necessary merchandise well in advance of the Chinese New Year and their peak seasonal demand.
22/02/2024
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Manchester-based fintech BankiFi partners with Praetura Ventures (Praetura), to boost SMEs access to funding by offering a new lending-as-a-service solution. The cooperation will allow Praetura to use BankiFi’s tech platform to offer invoice and asset finance to SMEs underserved by traditional high street banks.
22/02/2024
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1st Commercial Credit, LLC has closed a US$2m factoring facility for a rapidly expanding pallet manufacturer in the Mid-West region. The start-up pallet firm initially secured funding from a smaller factoring company but eventually surpassed the financial limits of their original partner. This led to the exploration of new financing options, ultimately resulting in the discovery and selection of 1st Commercial Credit.
22/02/2024
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BizCap, a commercial finance firm established in 2002, has announced its successful collaboration with an industry-leading business in the beauty space. The beauty company has successfully provided premium high-performance tools tailored to the modern woman's lifestyle for over 15 years. BizCap helped the company secure a US$10m asset-based line of credit to refinance existing debt and fuel future strategic growth initiatives.
22/02/2024
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The receivables finance industry is configured as a key element capable of offering easier access to credit for many businesses that are struggling in the current economic context. Luiza Buserska (pictured), trfnews Editorial Board Member and Corporate Communications Executive, CODIX
21/02/2024
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Rosenthal & Rosenthal, Inc.(Rosenthal), a leading factoring, asset based lending, purchase order (PO) financing and inventory financing firm in the United States, has announced the completion of two recourse factoring transactions, totalling US$5m along with an additional US$2m purchase order financing facility.
21/02/2024
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Singapore-based fintech platform Xalts, backed by Accel and Citi Ventures, has announced its acquisition of Contour Network, previously owned by a consortium of eight global banks including HSBC, Standard Chartered, and BNP, with a focus on digitising trade.
20/02/2024
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Finacity Corporation (“Finacity”), a White Oak Company, today announced that it has facilitated the funding of more than US$1trn of trade receivables over the past 5 years on behalf of its clients.
20/02/2024
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Maybank has announced its plans to disburse approximately RM18bn (US$208.4m) in SME financing for the year 2024, marking a 13 per cent increase from the previous year. This initiative aims to expedite the transition of its customers towards more sustainable and viable business operations.
20/02/2024
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