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IFC teams with Coronation Merchant Bank to boost trade finance in Nigeria

News | E-invoicing, SCF & E-procurement | 04 Mar 2020

International Finance Corporation has announced a USD 40 million trade finance guarantee facility to Coronation Merchant Bank under its Global Trade Finance Program.

International Finance Corporation, partnership, trade finance guarantee facility, Coronation Merchant Bank, Global Trade Finance Program, trade finance, Nigeria, access to capital

Sokowatch raises USD 14 mln to digitize Africa's informal B2B supply-chain

News | E-invoicing, SCF & E-procurement | 25 Feb 2020

Kenya  based B2B ecommerce startup Sokowatch has raised USD 14 million in Series A funding to revamp supply-chain markets for Africa’s informal retailers.

 

Sokowatch, funding round, Series A funding, Unilever, Proctor and Gamble, B2B ecommerce startup, supply chain finance, access to capital, B2B payments, Kenya, Rwanda, Tanzania, Uganda, Africa

ADB co-finances USD 16 bln for Pakistan's trade promotion loans

News | E-invoicing, SCF & E-procurement | 24 Feb 2020

Asian Development Bank has co-financed more than USD 16 billion to fund trade development in Pakistan, according to a report issued by the bank.

Asian Development Bank, Pakistan, trade development, trade finance, lending, B2B payments, Philippines, account deficit, access to capital

ING teams up with AI-powered trade platform Tradeteq

News | E-invoicing, SCF & E-procurement | 20 Feb 2020

ING has teamed up with trade finance platform Tradeteq to start distributing commodity trade finance exposures to non-bank institutional investors.

Tradeteq, ING, trade financ, e institutional investor, bank, access to capital, risk score, portfolio management, Federated Hermes, US