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Fifth Third Bank announced that Wanda Alverio and Andre Lemons have joined the Fifth Third Business Capital team as vice presidents, asset based lending (ABL) principals.
16/04/2021
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The China-Australia bilateral relationship deteriorated sharply over 2020, with China imposing both formal and informal trade restrictions on a number of Australian exports, including coal, barley, beef, wine, cotton among others. However,Coface expects that Australia’s GDP to be back to 2019 level as soon as this year.
16/04/2021
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Credit insurance and surety specialist Xenia Broking Group (Xenia) announced that it has entered into an agreement to acquire the trade credit business of Credit Insurance Alliance (Brokers) Limited (CIA).
16/04/2021
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Supply chain finance has attracted bad press recently.
15/04/2021
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Since its inception, Ireland-based Accelerated Payments has advanced €300m funds representing invoice financing to SMEs across the UK, Europe, and North America.
15/04/2021
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US private equity firm General Atlantic is has reached an agreement with Goldman Sachs to refinance a controversial €300m loan from Greensill Capital, the finance start-up whose collapse has brought scrutiny on the US$50bn investment firm’s dealings with its portfolio company.
15/04/2021
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Mark Mandula, Editorial Board Member of TRF News and Chief Marketing Officer of United Capital Funding Group explains how factoring can help SMEs combat payment delays.
15/04/2021
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The actual crisis has brought a lot of complications for companies (delays in payments, unpaid invoices, collection dificulties, etc). Talking to Forbes, Jean Revault, Director of Client Relations at Factofrance, explains why factoring is the effective solution to boost the economy. Created in 1966, when factoring was introduced in France, Factofrance is an important local factoring player for the factoring industry.
15/04/2021
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Channel Capital announced that industry veteran, Ian Watson (pictured), has joined as its COO. Reporting to Walt Gontarek, CEO & Chair, Ian will directly oversee Group Risk, Operations and Program Management, Compliance, Finance and Third Line of Defence activities.
15/04/2021
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Shortly after announcing it is moving into invoice financing Australian accounting software and solutions company MYOB has signed a multi-year partnership with the BNPL platform for B2B transactions Butn.Under the deal, Butn will deliver a business management platform, with a fully integrated invoice funding solution, assisting businesses in managing cashflow and driving growth. In return, MYOB will make an undisclosed investment in the fintech.
14/04/2021
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