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Open Banking and Open Finance fintech Floid has announced the launch of an Open Finance product designed for the factoring industry in Colombia.
product launch, Open Banking, Open Finance, Open Data Economy, financing , financial services, financial data, fintech, banking, factoring, ecommerce, data sharing, digitalisation
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
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
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
Dutch finech Facevalue has introduced an accounts receivable finance solution for European SMEs that challenges traditional factoring.
factoring, SMEs, accounts receivable, PEPPOL, product launch
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
Silicon Valley Bank has announced a credit provision for Germany-based financing startup Modifi for further expansion.
investment, financial services, factoring, trade finance
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
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