Articles with tag: financing

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Liquidity Capital, MUFG secure USD 80 mln initiative for Asia-based startups

11 Aug 2020 | Payments General

Israel-based AI technology firm Liquidity Capital has partnered with Japan-based MUFG Bank to determine the feasibility of issuing loans to Asian startups.

Liquidity Capital, MUFG Bank, initiative, Asia, startups, Singapore, Israel, Japan, Mars Growth Capital, Mars Growth, AI technology, bank accounts, accounting information, financing, ecommerce, Mitsubishi UFJ Financial Group, Meitav Dash Investments

Jobber, Stripe team up for financing and instant payouts

05 Aug 2020 | Online Payments

Jobber has announced an expanded partnership with technology platform Stripe to offer flexible financing and instant payouts to its customers in North America. 

Jobber, partnership, Stripe, financing, instant payouts, North America, capital, online payments

RHB Group launches SME financing mobile app

03 Aug 2020 | Online & Mobile Banking

RHB Banking Group has launched an artificial intelligence powered ‘customer self-initiated’ SME financing mobile app.

RHB Group, SMEs, mobile app, AI, mobile app, artificial intelligence, onboarding, digitalisation, RHB BizPower Relief Financing

HSBC, Asian Development Bank partner for Covid-19 supply chains support

30 Jul 2020 | E-invoicing, SCF & E-procurement

HSBC and the Asian Development Bank (ADB) have announced a supply chain finance programme to support companies that provide Covid-19-related supplies.

HSBC, Asian Development Bank, covid19, supply chain finance, Asian SMEs, medical supply chains, financing, suppliers, banks, manufacturers, investors, healthcare professionals

Bankera launches business loans for digital SMEs

28 Jul 2020 | Online & Mobile Banking

Lithuania-based fintech Bankera has started to offer business loans for small and medium-sized enterprises (SMEs). 

Bankera, business loans, SMEs, digital sector, covid19, Bankerea Business Loans, European Commission, hackathon, lending solution, Lithuania, Europe, business invoice financing, refinancing, short-term lending services

Deutsche Bank to invest in fintech Traxpay

27 Jul 2020 | E-invoicing, SCF & E-procurement

Deutsche Bank has announced plans to invest in Germany-based fintech Traxpay to expand its supply chain finance offering. 

Deutsche Bank, Traxpay, fintech, Germany, supply chain finance, dynamic discounting, reverse factoring solutions, cash flow, discount, platform, retailers, suppliers, payable, interim financing

Infor, DBS Bank partner for global supply chains digital financing

23 Jul 2020 | E-invoicing, SCF & E-procurement

Cloud software provider Infor has partnered with Singapore-based DBS Bank to integrate digital trade financing capabilities into the Infor Nexus global network. 

Infor, DBS Bank, Asia, Singapore, digital trade financing, supply chain finance, Infor Nexus, cloud software, bank, SMEs, pre-shipment finance, supply chain data, risk, credit, capital, credit risk

Flexiti, Mobilia agrees on buy now pay later financing solution

22 Jul 2020 | Online Payments

Flexiti Financial has announced that Mobilia, a Canada-based retailer of modern furniture for the home, agreed to launch its omnichannel 0% interest financing solution.

Flexiti, agreement, buy now pay later, financing solution, Mobilia, omnichannel, retail, online services, credit line

Equity Bank secures USD 50 mln IFC-loan for Kenya-based SMEs amid COVID-19

22 Jul 2020 | E-invoicing, SCF & E-procurement

World Bank Group member IFC has provided a $50 million loan to Equity Bank Kenya to help small and medium-sized enterprise (SME) clients facing COVID-19 challenges.  

World Bank Group, IFC, Equity Bank, Kenya, Africa, SMEs, loan, lending, COVID19, Kenyan businesses, trade, transport, pandemic, trade chain, value chain, foreign financing flow, tourism revenue

IFC provides USD 50 mln loan to Access Bank for Nigeria-based businesses amid Covid-19

20 Jul 2020 | E-invoicing, SCF & E-procurement

World Bank Group member IFC has provided a USD 50 million loan to Access Bank to help the bank increase liquidity to SMEs in Nigeria challenged by COVID-19. 

IFC, Access Bank, World Bank Group, Nigeria, SMEs, covid 19, Africa, loan, fast track financing support package, fast track facility, trade financing, working capital, business clients, disrupted cash flows, retail bank

Trade Finance Global submits BCR bid to enhance tech

20 Jul 2020 | Payments General

Financing platform Trade Finance Global has submitted a bid as part of Banking Competition Remedies (BCR) GBP 100 million Pool E, according to AltFi.

Trade Finance Global, BCR, financing platform, Banking Competition Remedies, Metro Bank, Nationwide, grants, Starling Bank, Coconut, Equifax

Walmart leads USD 1.2 bln financing round in Flipkart

15 Jul 2020 | Ecommerce

Walmart has increased its majority-stake in Flipkart by leading a USD 1.2 billion financing round.

Walmart, financing round, Flipkart, ecommerce, marketplace, India, JioMart

Five Dutch banks partner to fight against money laundering

10 Jul 2020 | Digital Identity, Security & Online Fraud

ING, ABN Amro, Rabobank, Triodos Bank and Volksbank have teamed up to establish Transaction Monitoring Netherlands (TMNL) initiative to fight against money laundering and terrorism financing.

banks, partnership, money laundering, ING, ABN Amro, Rabobank, Triodos Bank, Volksbank, Transactions Monitoring Netherlands, TMNL, terrorism financing, payments, transactions, Ministries of Finance and Justice and Security, FIOD, Financial Intelligence Unit, FIU

PrimeRevenue secures US patent for SCF enhancement

08 Jul 2020 | E-invoicing, SCF & E-procurement

US-based SCF platform provider PrimeRevenue has received a US patent titled ‘Supply Chain Finance System’ to enhance its digital financing offering.

PrimeRevenue, SCF, US, patent, Supply Chain Finance System, digital financing, trade finance, Electronic Time Drafts, ETD, UCC waiver, SCF transactions, e-drafts

Financing platform DigniFi raises USD 14 mln

03 Jul 2020 | Online Payments

DigniFi, an US-based platform for financing auto repair, has raised USD 14 million in Series A funding from BuildGroup and Exor Seeds.

DigniFi, Neuberger Berman Private Equity, Exor Seeds, financing platform, auto repair, automotive, auto payments, funding round, US

Resurs Bank partners with Nordic API Gateway for payment intiation services

30 Jun 2020 | Payments General

Open banking platform Nordic API Gateway has announced its latest partnership with Nordic niche bank, Resurs Bank, creating new solutions with account aggregation and payment initiation.

Resurs Bank, Nordic API Gateway, payment intiation, Open Banking, financing

Slice raises USD 6 mln to offer the young India-based consumers digital payments

25 Jun 2020 | Cards

Slice has announced it had raised USD 6 million in a pre-Series B financing round to expand its reach and offering to young India-based consumers. 

Slice, digital payments, Series B financing round, India, Gunosy, EMVC, Kunal Shah, Better Capital, Das Capital, Blume Ventures, Traxcn Labs, Finup, credit card, debit cards, credit score, young demographic, prepaid card

Rabo Frontier Ventures teams up with online marketplace Ageras

25 Jun 2020 | Payments General

Rabo Frontier Ventures (RFV), the strategic investment fund of Rabobank, has partnered with online marketplace Ageras

Ageras Group, RFV, Tellow, startup, Rabobank, online marketplace, accounting tool, freelancers, SMEs, microbusinesses, SME financing market, lending market, digital channels

Brazil-based BizCapital raises USD 12 mln for online lending service

18 Jun 2020 | Payments General

Online lender BizCapital has raised USD 12 million from investors to develop its online lending service.

BizCapital, Brazil, online lender, online lending, funding, investment, German development finance institution, MercadoLibre, Quona Capital, Monashees, Chromo INvest, 42K Investments, SME, financing, working capital

ITFC releases USD 15 mln to support SMEs in Bangladesh

12 Jun 2020 | E-invoicing, SCF & E-procurement

The International Islamic Trade Finance Corporation (ITFC) has approved a USD 15 million Murabaha Financing Facility in favour of City Bank Limited in Bangladesh to support SMEs.

ITFC, Murabaha Financing Facility, City Bank Limited, Bangladesh, SME, trade finance, financing, coronavirus, OIC, local banks, private sector, global trade, IsDB Group, Covid-19 Response Package, grants, pandemic