Yorkshire green energy firm Green’s Power is the first to secure a UK Export Finance (UKEF) guarantee tailored to domestic supply chains.
Business finance company MarketInvoice has signed agreements with Portuguese digital bank Banco BNI Europa (BNI) and German bank Varengold Bank AG to add £90m and £45m respectively on its platform.
Asian Development Bank has approved USD 100 million in additional financing for its supply chain finance programme, aimed at small and medium-sized enterprises (SMEs) in Asia Pacific.
Chinese fintech giant Ant Financial Services Group has secured regulatory approval to issue China’s first security backed by loans to online retailers’ receivables.
Working capital fintech C2FO has raised $100m from Allianz X and Mubadala to fund international expansion and further working capital solutions.
A consortium of technology firms and banks is piloting a trade finance solution based on distributed ledger technology after a successful proof-of-concept.
Fintech group TruFin raised £70m and floated on London’s AIM market. The SCF, invoice finance and dynamic discounting firm is valued at almost £210m.
Asset management firm Pemberton has appointed Phil Ashdown to develop investment strategies in trade receivables and SCF for institutional investors.
Chinese technology and finance group Dianrong is partnering with two finance industry bodies in Dalian, northeast China, to develop the city’s fintech economy.