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Beltone Holding ("Beltone"), one of the fastest-growing financial institutions, announces that its wholly-owned subsidiary, Beltone Leasing and Factoring, has signed a sale and leaseback agreement and factoring facility totaling EGP400m (US$8.5m) with IL Cazar for Urban Development ("the Company"), a leading real estate development company in Egypt.
13/05/2024
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Sallyport Commercial Finance (Sallyport) has announced a groundbreaking US$10m in accounts receivable finance for a prominent pharmaceutical company – Shield Therapeutics Inc. This financing marks a pivotal moment for the organisation, which is fervently navigating its commercialisation journey in North America amidst soaring sales figures.
10/05/2024
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Basware, a global leader in AP automation and invoice processing, has announced that it has acquired AP Matching.The acquisition will expand Basware's market offering, bringing accurate financial data and increased cost savings to the entire invoice processing cycle. It will go beyond traditional AP (accounts payable) automation and solve a critical pain point for finance and accounting teams: ensuring the accuracy of financial records through automated statement reconciliation.
10/05/2024
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Trafigura Securitisation Finance Plc (TSF), a receivables securitisation vehicle of Trafigura Group Pte Ltd (Trafigura), has successfully priced a new series of notes (TSF 2024-1) on the 144A/RegS asset-backed securities (ABS) market.
10/05/2024
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Commenting on stagnant interest rates in the UK, Owen Bassett, insolvency and retail expert at Atradius UK, says:“Following the news that interest rates have remained stagnant at 5.25 per cent[1] for the sixth consecutive month, retailers cannot afford for the Bank of England to hold the interest rate for much longer.
10/05/2024
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Alraedah Digital Solutions, a leading technology company, is announcing a strategic partnership with ABHI, a fintech specialising in invoice factoring and earned wage access. The collaboration marks a significant milestone in Alraedah's commitment to fostering innovation and driving regional financial inclusion.
09/05/2024
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WhiteHawk Capital Partners, LP (WhiteHawk), a private credit investment manager focused on asset-based financing solutions, announced it has entered into an agreement with C3 Rentals, Inc. (C3 Rentals) to provide a US$100m asset-based loan (ABL) facility. C3 Rentals will use the proceeds of the facility to provide incremental liquidity for continued growth and to refinance existing debt.
09/05/2024
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To expand digital lending for small and medium enterprises (SMEs) in Mongolia, including women-owned businesses, IFC and M bank, Mongolia's first digitally focused bank with a branchless model, joined forces to launch an innovative program in Ulaanbaatar. It is part of IFC's ongoing efforts to promote an inclusive and sustainable financial sector in the country.
09/05/2024
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eCapital Commercial Finance (eCapital), a leading invoice financier has appointed Eileen Creely as its Regional Managing Director – North. Eileen will be responsible for driving further growth and profitability across the Northern region whilst continuing to develop the region’s operational strength and capabilities in delivering exceptional client service.
09/05/2024
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FGI Worldwide LLC (FGI), a global leader in commercial finance, and Validis, the open accounting API, have partnered to integrate their respective credit management and data extraction platforms. This strategic partnership will allow businesses sharing their accounts receivables (A/R) data with lenders via Validis, to manage their credit insurance and risk mitigation in real-time on FGI’s T.R.U.S.T.™ platform, without any need for manual processing or interruption, creating efficiencies and saving resources.
09/05/2024
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Michal Bickers sits down with Chris Hawes, Managing Director of Debt and Capital Advisory at PwC, ahead of the upcoming RFIx24, which will take place on May 22-23 at Clifford Chance's London offices. They talk about the significance of technological advancements in compliance monitoring and the challenges it presents. Hawes highlights the potential of recent advancements in AI to effectively tackle these obstacles.
08/05/2024
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Flock Financial, LLC, (Flock), a leading financing partner to middle market receivables management and consumer finance companies active in the purchase, sale, and collection of performing and nonperforming receivable assets, announced recently that various investment funds affiliated with PennantPark Investment Advisers, LLC (PennantPark) have invested US$25m in the company.
08/05/2024
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BizCap, a commercial finance firm established in 2002, has announced its successful collaboration with Quady Winery, a family-owned operation in Central Valley, CA, renowned for affordable Muscat grape-based fortified and sweet wines that are sold throughout the U.S. Among 4,700 wineries in California, Quady is the only one specialising in sweet and aperitif wines and has garnered international renown, boasting over 1,000 awards and medals. BizCap helped the company secure a US$17m funding to recapitalise and refuel future strategic growth initiatives.
08/05/2024
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The WTW Research Network (WTW) has released its Risk & Resilience Review: Emerging Risks from Geopolitical Shifts, which brings together insights from our team & expertise from our partners to examine emerging and interconnected geopolitical risks.
08/05/2024
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The trade credit and surety insurance industry can look back on positive development over the last 20 years, reveals Robert Meters, Editorial Board Member of trfnews and Director Global Business at SCHUMANN.
08/05/2024
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