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Mitigram, the global leader in digital trade financing, has announced the appointment of Pedram Tadayon (pictured) as Chief Executive Officer (CEO).
08/05/2024
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Grapple, an Australian SME financing company, has enhanced its Lendtech platform by integrating artificial intelligence (AI). This development coincides with the company’s achievement of funding over AUD $200 million in invoices. The Lendtech platform, which is developed in Australia, reported a 115 per cent growth in invoice finance facilities in the new fiscal year.
07/05/2024
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Demica, the fintech specialising in supply chain finance solutions, has announced the expansion of supply chain finance to Nigerian businesses, including SMEs, transforming working capital optimisation and liquidity through a new banking partnership between African Export-Import Bank (Afreximbank) and Sterling Bank.
07/05/2024
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In a significant development, C2FO, the world’s on-demand working capital platform, announced that its TReDS platform, named C2treds has gone live with India’s largest bank State Bank of India (SBI) and Dabur India Ltd. among the inaugural participants on the platform.
07/05/2024
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Absa Bank has unveiled its Supplier Finance Programme, aimed at revolutionising corporate supply chains in Ghana. This innovative solution reflects Absa Bank's commitment to delivering comprehensive financial services tailored to the evolving needs of its corporate clientele.
07/05/2024
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Lendingkart, an MSME lending platform, has secured US$10 million through external commercial borrowing from a BlueOrchard fund. The Non-Convertible Debentures issued were listed on the India International Exchange in GIFT City.
07/05/2024
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iwoca announces a new £270m package of debt funding, taking total gross investment in the company to over £1bn since it was founded in 2012.
07/05/2024
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Microentrepreneurs in Colombia will have improved access to finance, including women-led enterprises, with IFC providing COP 120bn (about $30 million) to Banco Mundo Mujer (BMM), the country's largest private microfinance bank. The aim is to close the micro, small, and medium enterprise (MSME) finance gap, fostering employment and economic growth in Colombia.
06/05/2024
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The Asian Development Bank (ADB) and Citi have partnered to sign a master risk participation agreement to enhance access to supply chain financing for small and medium-sized enterprises (SMEs) and support more than $100 million in additional annual trade across Asia and the Pacific. The agreement was signed between ADB’s Trade and Supply Chain Finance Program (TSCFP) and Citibank North America. Enabling more SMEs across developing Asia to access Citi’s supply chain finance offering though ADB’s TSCFP
06/05/2024
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Kalamata.com LLC (Kalamata), a leading online capital provider of fast, simple, and trusted financing options for small businesses, announced the closing of a successful securitisation of a revolving portfolio of business advance receivables. The transaction, which closed on April 9, 2024, involved the issuance of two classes of notes initially totaling US$80m, and expandable up to US$500m.
03/05/2024
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One of Europe’s leading spend management platforms, Pleo, has secured a €40m debt financing facility from HSBC Innovation Banking UK, the specialist financial partner for the innovation economy. The deal enables Pleo to offer higher credit limits to even more customers, providing greater flexibility in financial options available to them. This, in turn, helps Pleo to unlock new customers in new markets and currencies.
03/05/2024
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With less than a month remaining until RFIx24, Michael Bickers sits down with John Beaney, Global Head of Receivables Finance Product Management at HSBC, to delve into his perspectives on the SME receivables finance landscape outside of Europe and the US. They explore the valuable insights that mature markets can glean from developed ones and the level of interest in investing in receivables finance in emerging markets.
03/05/2024
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LSQ, a leading provider of working capital and payments management solutions, recently originated a US$3.5m accounts receivable credit facility for a staffing firm specializing in hospitality and IT.
03/05/2024
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As the RFIx24 Awards approaches, the judging panel has meticulously curated shortlists across 15 categories from nearly one hundred applications.
03/05/2024
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UK Finance has responded to the Financial Conduct Authority (FCA)’s Consultation Paper on changes to its Enforcement Guide and the publishing of enforcement investigations.
02/05/2024
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