Weekly Receivables Finance News from BCR

TOP STORIES

iwoca secures ￡200m in funding from Citi and Waterfall

iwoca, one of Europe’s largest SME lenders, has secured a ￡200m debt funding package from Citi and Waterfall Asset Management. This funding enables iwoca to increase its SME loan ceiling to ￡1m.

Virgin Money’s Mobiliser Fund aims to drive ESG transition among SMEs

Virgin Money has introduced the Mobiliser Fund, aimed at supporting small and medium-sized enterprises (SMEs) in adopting sustainable business practices.

NTT Digital, Amazon, and StraitsX showcase tokenised payables

NTT Digital, in collaboration with Amazon and StraitsX, unveiled an innovative use case for tokenised accounts payable at the Singapore Fintech Festival 2024.

BCR Webcasting: Martynas Juskelis, Vice President, Structured Working Capital, J.P. Morgan Payments

“We see more bespoke transactions coming into play. Also, corporates with fragmented local receivables finance programmes are looking to simplify their operations and expand into other jurisdictions.”

OTHER STORIES

• AMF issues €6m fines in securitisation fund fraud
• Change Capital appoints Bill Kirth as Senior Regional Vice President
• Tranched secures US$3.4m to enhance asset-based financing through blockchain
• EBRD and EU launch €120M SME Go Green initiative in Serbia
• EBRD launches €35m risk-sharing facility with QNB
• Asialink Finance secures US$50M boost from ADB to power SME growth
• Maybank and PracBiz partner for digital SCF
• WFY’24: Czech factoring market saw little change in 2023
• In 2025, lenders will focus on driving productivity and efficiency
• Taulia: Tackling late payments with flexibility
• IFC and Erste Bank partner to boost MSME growth and green transition in Serbia
• Sage partners with Artis Trade to automate document data entry for receivables finance
• Mastercard partners with PayMate to advance digitisation of B2B payments across EEMEA
• MENASCF24 concludes in Dubai with key insights on finance and sustainability
• Comments from industry specialists on BoE cutting interest rates today
• eCapital announces upsizing of its ABL facility to US$987m
• MODIFI secures strategic investment from SMBC Asia Rising Fund
• Newable secures ￡70m new funding to support SMEs exporters
• Time Finance opens new office to grow ABL and asset finance in North West
• CPF joins Texas MBDR Loan Program to support micro-businesses
• Levantor partners with Corpay to optimise working capital
• Automated workflows and real-time technology – key for financial institutions in 2025
• Standard Chartered and Ant International announce intra-group blockchain-based SGD settlement