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Shell partners with JITpay for fuel card with a factoring solutions

News | E-invoicing, SCF & E-procurement | 28 Mar 2022

Germany-based billing processing automation JITpay Group has announced cooperating with gas company Shell to launch the JITfuel fuel card on 1 April 2022. 

partnership, factoring, payment processing, e-invoicing, accounts receivable

Fintech Traxpay cooperates with DZ Bank for supply chain financing

News | E-invoicing, SCF & E-procurement | 23 Mar 2022

Germany-based DZ Bank and fintech Traxpay announced partnering for DZ Bank to use the Traxpay-developed supply chain financing digital platform.

partnership, accounts receivable, accounts payable, financial services, factoring

FYRST and abcfinance partner for factoring

News | E-invoicing, SCF & E-procurement | 04 Oct 2021

Germany-based digital bank FYRST and Netherlands-based SME financier abcfinance have entered into a cooperation in the area of ​​factoring. 

partnership, factoring, banking, e-invoicing

Facevalue launches pan European SME factoring solution

News | E-invoicing, SCF & E-procurement | 04 Aug 2021

Dutch finech Facevalue has introduced an accounts receivable finance solution for European SMEs that challenges traditional factoring.

factoring, SMEs, accounts receivable, PEPPOL, product launch

Varengold Bank partners with JITpay

News | E-invoicing, SCF & E-procurement | 23 Jul 2021

Germany-based Varengold Bank has announced partnering with logistics-specialised payment service provider JITpay for the refinancing of JITpay’s receivables portfolio.

partnership, accounts receivable, financial services, factoring

Modifi receives USD 50 million loan from Silicon Valley Bank

News | E-invoicing, SCF & E-procurement | 17 Mar 2021

Silicon Valley Bank has announced a credit provision for Germany-based financing startup Modifi for further expansion. 

investment, financial services, factoring, trade finance

ByteDance to enter the finance sector via SCF subsidiary

News | E-invoicing, SCF & E-procurement | 18 Jan 2021

TikTok’s parent ByteDance has established a factoring service which will offer financing, collect accounts receivables, and provide guarantees.

ByteDance, TikTok, China, Zitiao, micro loans, online payments, factoring

Prime FinTech launches Endorse

News | Online & Mobile Banking | 19 Oct 2020

Egypt-based Prime FinTech has announces the start of its market activities in the Egyptian market by launching its first company, Endorse, with a paid-in capital of USD 3.2 million.

Prime Fintech, Endorse, Egypt, FRA, consumer finance, leasing, factoring

Tencent completes first transaction through its SCF programme WeChain

News | E-invoicing, SCF & E-procurement | 11 Jul 2019

China-based investment holding company Tencent has completed its first transaction under its supply chain finance programme.

Tencent, China, product launch, supply chain finance, transaction, trade finance, blockchain, Asia, APAC, supply chain finance programme, factoring

VTB launches supply chain finance platform for Russian SMEs

News | E-invoicing, SCF & E-procurement | 04 Jul 2019

Russia-based VTB Factoring and Venture Engineering Lab have launched GetFinance, a multifactor digital supply chain finance platform.

VTB Factoring, Venture Engineering Lab, Russia, Russian Federation, Europe, Asia, SMEs, e-procurement, supply chain finance, financing , multifactor digital supply chain finance, cycle of processing, factoring

FCI and the ITFC sign agreement to create the Islamic Factoring Chapter

News | E-invoicing, SCF & E-procurement | 17 Jun 2019

International Islamic Trade Finance Corporation and FCI signed a MoU to create an Islamic Factoring Chapter within the FCI network.

International Islamic Trade Finance Corporation, FCI, trade finance, United Arab Emirates, Islamic Factoring Chaper, factoring, FCI Network, MENA