Articles with tag like: supply chain finance

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Indonesia-based Advotics raises USD 2.75 mln investment

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

Supply chain startup Advotics has secured USD 2.75 mln in investment led by East Ventures, according to Yahoo Finance.

supply chain finance, startup, investment

Conferma Pay expands role as SAP Concur partner

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

Conferma Pay has announced it has expanded its role in the SAP Concur partner programme, according to an official press release.

e-invoicing, B2B payments, supply chain finance

MODIFI acquires PrimaDollar's export trade finance business

News | E-invoicing, SCF & E-procurement | 26 Feb 2021

PrimaDollar has made the strategic decision to focus on its supply chain trade finance platform after selling its export trade finance business to MODIFI, the latter has announced.

supply chain finance, trade finance, e-invoicing

OBR partners with Profusion and Sisense to help SMEs

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

UK-based OBR, a data-driven risk management fintech, has teamed up with Profusion and Sisense to launch a new platform to help lenders provide greater support to SMEs.  

OBR, Profusion, Sisense, SMEs, fintech, OpenRep, Open Banking, supply chain finance

Kofax, Coupa partner for Procure-to-Pay services

News | E-invoicing, SCF & E-procurement | 19 Feb 2021

Kofax has integrated with Coupa Software to help enterprises deepen operational efficiencies as they digitally transform their spend management processes, according to idm.net.au.

Kofax, Coupa, Procure-to-Pay, digitisation, invoice processing, spend management, supply chain finance, accounts payable

Sasol, SAP Ariba partner to fuel supply chain efficiency

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

South Africa-based company Sasol has chosen procurement platform SAP Ariba to centralise and standardise its procure-to-pay processes, according to intelligentcio.com.

Sasol, Sap Ariba, supply chain finance, procurement, Procure to Pay, P2P

Flexport launches Order Management solution

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

Global trade tech company Flexport has launched Flexport Order Management (OM), a Flexport Platform solution that enables consignees and their suppliers to optimise supply chains.

Flexport, order management, global trade, trade finance, supply chain finance

UK-based SMBs offered GBP 20 mln Brexit fund after border trade disruption

News | E-invoicing, SCF & E-procurement | 12 Feb 2021

Small UK-based businesses have gained access to a GBP 20 million Brexit support fund from the government to help new trade rules following border disruption following Brexit, according to The Guardian.

UK, SMB, Brexit, global trade, investment, import, export, supply chain finance

Mastercard, SAP Concur partner in APAC

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

Global payments technology company Mastercard has partnered with SAP Concur to deliver better expense and invoice management processes in APAC for transactions with corporate cards.

MasterCard, SAP Concur, partnership, APAC, Asia Pacific, invoice management, expense, supply chain finance, corporate cards, invoice processing, payments, reconciliation

RPA startup UiPath secures USD 750 mln investment

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

Robotic process automation (RPA) startup UiPath has announced that it raised USD 750 million in series F funding, bringing its total raised to nearly USD 2 billion, according to venturebeat.com

UiPath, RPA, startup, investment, Robotic Process Automation, supply chain finance

Hong Kong-based startup ICW to invest in supply chain offering

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

Hong Kong-based International Compliance Workshop (ICW) has raised USD 5.75 million as part of its Series A round, boosting its total funding to around USD 10 million, according to Yahoo Finance.

Hong Kong, startup, ICW, International Compliance Workshop, supply chain finance, COVID-19, global trade, China, US

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

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

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

Finverity, Abu Dhabi Global Market partnership to boost supply chain finance

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

Finverity has partnered with the Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM), Abu Dhabi’s international financial centre, to boost supply chain finance.

banks, fintechs, supply chain finance, UAE, data, KYC, credit scoring, risk scoring, lending, finanacial data

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

Asian Development Bank to support the purchase of COVID-19 vaccines

News | E-invoicing, SCF & E-procurement | 17 Dec 2020

The Asian Development Bank (ADB) has unveiled a USD 500 million facility to support the purchase of COVID-19 vaccines and related equipment.

Asian Development Bank, ADB, supply chain finance, COVID-19, TSCFP, World Health Organization, mapping tool

European Investment Bank offers EUR 15 mln in funding to IDnow

News | E-invoicing, SCF & E-procurement | 09 Dec 2020

The European Investment Bank (EIB) has announced that it will provide EUR 15 million of growth funding to the German identity verification platform IDnow.

European Investment Bank, IDnow, KYC, AML, supply chain finance, research, EGFF, EFSI, European Union

Standard Chartered unit launches B2B marketplace in India

News | Payments General | 08 Dec 2020

SC Ventures, a Standard Chartered unit has announced the commercial launch of SOLV, a full-stack B2B marketplace for micro, small and medium enterprises (MSMEs) in India.

Standard Chartered, product launch, SOLV, B2B, marketplace, SC Ventures, MSMEs, India, blockchain, AI, machine learning, invoices, BNPL, supply chain finance