Articles with tag like: SCF

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Moglix launches supply chain finance platform

News | E-invoicing, SCF & E-procurement | 15 Feb 2021

Singapore-based B2B commerce company Moglix has announced its foray into the supply chain financing space launching its digital platform Credlix.

Moglix, SCF, B2B commerce, credlix, MSME, invoice discounting, credit risk assessment, credit application

China puts emphasis on e-invoicing and tax compliance

News | E-invoicing, SCF & E-procurement | 05 Feb 2021

Starting from 21 January 2021, China has taken the step of allowing the issuance of ‘special’ VAT e-invoices to strengthen tax compliance.

China, VAT, e-invoicing, SCF, tax, B2B payments, invoicing, ERP, CIT, special vat

The Global Supply Chain Finance Forum to update its Standard Definitions

News | E-invoicing, SCF & E-procurement | 03 Feb 2021

The Global Supply Chain Finance Forum (GSCFF) has announced plans to update its Standard Definitions for Techniques of Supply Chain Finance (Standard Definitions).

GSCFF, standard definitions, SCF, BAFT, FCI, ICC, ITFA, EBA, cpu, dd, bpu

Lendlord, Plaid to launch Open Banking integration for landlords

News | E-invoicing, SCF & E-procurement | 02 Feb 2021

Lendlord has partnered with Plaid to launch an open banking integration solution which allows landlords to automate their cashflow and bookkeeping.

Lendlord, Plaid, partnership, product launch, SCF, e-invoicing, automated cashflow, FCA, Open Banking

CapBay gets USD 20 mln in Series A funding

News | E-invoicing, SCF & E-procurement | 01 Feb 2021

Malaysia-based CapBay, a peer to peer (P2P) supply chain financing platform, has acquired USD 20 million in capital via its Series A round.

CapBay, Malaysia, P2P, supply chain finance, SCF, capital, investment, KK Fund, SMEs

Sensibill, Leaders Credit Union to use digital receipt management

News | E-invoicing, SCF & E-procurement | 27 Jan 2021

Canada-based Sensibill has announced that Leaders Credit Union has launched the company’s digital receipt management solution.

Sensibill, Leaders Credit Union, partnership, SCF, e-invoicing, NCR, mobile banking, digitalisation, digital banking, banking app

CapBay lands USD 20 million Series A funding

News | E-invoicing, SCF & E-procurement | 25 Jan 2021

CapBay, a Malaysia-based multi-bank supply chain finance and peer-to-peer financing (P2P) platform, has raised USD 20 million in its Series A round, according to digitalnewsasia.com.

CapBay, supply chain finance, P2P financing, SCF, peer to peer, Malaysia, Multi-bank, investment, funding

UAE rolls out AED 6 bln supply chain financing initiative

News | E-invoicing, SCF & E-procurement | 22 Jan 2021

The UAE has pledged to support small and medium enterprises (SMEs) across sectors with a AED 6 billion supply chain financing initiative, according to logisticsmiddleeast.com.

Abu Dhabi, SME, supply chain finance, SCF, initiative, Daman, Department of Finance, FAB, UAE

Tradeteq secures USD 9.4 mln in series A funding

News | E-invoicing, SCF & E-procurement | 22 Jan 2021

UK-based Tradeteq, a technology provider for bank asset distribution, has announced the successful completion of its USD 9.5 million Series A funding round.

Tradeteq, funding, fintech, innovation, banking, SCF, automation, digital trade

ITFC, PJSCB Orient Finans launch trade finance facility in Uzbekistan

News | E-invoicing, SCF & E-procurement | 22 Jan 2021

The ITFC has signed a USD 10 million Line of Trade Finance Agreement with PJSCB Orient Finans to support private sector and SME development in Uzbekistan.

ITFC, PJSCB Orient Finans, SMEs, supply chain finance, trade finance, SCF, Uzbekistan, IsDB, OIC member

CDC helps with USD 100 mln finance facility in Africa

News | E-invoicing, SCF & E-procurement | 20 Jan 2021

CDC Group has moved to support the Eastern and Southern African Trade and Development Bank (TDB) with a new USD 100 million finance facility.

CDC, Africa, TDB, trade finance, SCF, COVID-19

UAE launches supply chain finance program worth USD 1.6 bln

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

Abu Dhabi Department of Finance has launched a supply chain financing initiative worth USD 1.6 billion to increase liquidity for small and medium-sized enterprises (SMEs).

Abu Dhabi, SCF, trade finance, SMEs, finances, COVID-19, First Abu Dhabi Bank, guarantee

Medius, Pagero to provide e-invoicing solutions

News | E-invoicing, SCF & E-procurement | 14 Jan 2021

Sweden-based Medius and Pagero have partnered to allow their joint customer base to receive and process e-invoices in a variety of formats across the globe.

Medius, Pagero, partnership, e-invoices, SCF, trade finance, e-documents, Medius AP

Singapore may implement digitised cross-border trade documents

News | E-invoicing, SCF & E-procurement | 07 Jan 2021

The Singapore parliament has proposed an amendment to the current Electronic Transactions Act, which could allow cross-border trade documents to be digitised.

Singapore, e-invoicing, SCF, Electronic Transactions Act, cross-border payments, IMDA, blockchain

EBA to introduce new EU supply chain rules

News | E-invoicing, SCF & E-procurement | 07 Jan 2021

The European Banking Authority has announced it will introduce tougher standards for banks that aid in Europe’s supply chains.

EBA, SCF, banking, financing framework, balance sheet, lobbying, legislation

Billhop, Visa Finland, and OmaSp offer new B2B payment option

News | E-invoicing, SCF & E-procurement | 21 Dec 2020

Billhop has announced a partnership with Visa Finland and Oma Säästöpankki Oyj (OmaSp) to help Finnish businesses improve their cash flow and close their liquidity gap.

Billhop, Visa Finland, OmaSp, partnership, product launch, B2B, payments, cards, invoices, SCF

TReDS platform M1xchange secures USD 4.5 mln investment

News | E-invoicing, SCF & E-procurement | 18 Dec 2020

Reserve Bank-approved TReDS platform M1xchange has raised USD 4.5 million in equity round funding from Singapore-based BENEEXT Asia and Mayfield.

tReds, M1Xchange, investment, RBI, Reserve Bank, Singapore, BENEEXT Asia, Mayfield, SCF, supply chain finance, licence, MSME

Bill.com, Wells Fargo to launch Bill Manager

News | E-invoicing, SCF & E-procurement | 10 Dec 2020

US-based Bill.com, a provider of cloud-based software for back-office financial operations for SMBs, and Wells Fargo have partnered to launch Bill Manager.

bill.com, Wells Fargo, partnership, product launch, Bill Manager, SMBs, cloud-based, e-invoicing, SCF, accounting

UK government provides financial help to businesses after Brexit

News | E-invoicing, SCF & E-procurement | 08 Dec 2020

The UK government has announced that it will offer extra financial help to businesses to help them cover their costs after Brexit.

UK, government, trade finance, SCF, Brexit, trade, loans, EU, UKEF, guarantee, lenders, banks

ICC, Africa investor to digitise 5 mln SMEs in Africa

News | E-invoicing, SCF & E-procurement | 07 Dec 2020

The International Chamber of Commerce (ICC) and Africa investor (Ai) have launched an e-trade initiative to enable the digitisation of five million SMEs in Africa.

ICC, Africa investor, SMEs, digitalisation, Africa, AfCFTA, AfricaPLC, ecommerce, SCF, supply chain finance, digital inclusion, E-Trade, trade data