Greensill has bought receivables securitisation specialist Finacity, which will now become a wholly-owned part of Greensill. The move comes shortly after Softbank invested $800m in Greensill.
UniCredit is to take a minority stake in FinDynamic, an Italian fintech start-up offering dynamic discounting programs. The bank will work with FinDynamic to offer dynamic discounting to Unicredit clients as part of its working capital solutions.
Rabobank is the new exclusive sponsor of the Supply Chain Finance Awards, the global competition for SCF excellence organised by the Supply Chain Finance Community.
SAP Ariba has ended its three-year-old agreement with PrimeRevenue to deliver multi-funder supply chain finance to its users.
Japan's Softbank is to invest $800m in Greeensill Capital, valuing the supply chain finance funder at $3.5bn. The investment doubles the value placed on Greensill since General Atlantic put in $250m at a valuation of $1.64bn in 2018.
Half of all banks see maintaining a competitive edge against fintech offerings in supply chain finance as a strategic challenge, according to a new report by Strategic Treasurer.