Tagged: demica

August 6, 2022 @ 3:01 pm By Omar Faridi  |  

Sonovate, the provider of embedded finance and payment solutions for the contingent workforce, announced a partnership with Demica, the trade finance Fintech firm, in order to streamline its reporting processes so it may support business customers across the globe. Under the terms of the partnership,… Read More

July 10, 2022 @ 10:05 am By Omar Faridi  |  

Sonovate, the provider of embedded finance and payment solutions for the contingent workforce, announced that it has completed a securitization deal with BNP Paribas and M&G Investments, “adding £165 million to its funding structure.” The deal is “an endorsement of Sonovate’s position as a Fintech… Read More

February 21, 2022 @ 6:25 pm By JD Alois  |  

Trade and supply chain finance platform Demica is reporting a new milestone; more than $20 billion in funding outstanding. According to Demica, its relationships with top banks and corporates have fueled its rapid growth enabling it to capture a good percentage of the over $130… Read More

October 22, 2021 @ 9:18 am By Omar Faridi  |  

Payment solutions provider Mastercard (NYSE: MA) has entered into a partnership agreement with Demica in order to introduce a supply chain finance capability within Track Business Payment Service (Track BPS). This should enable improved access to “flexible working capital for buyers and suppliers.” As mentioned… Read More

October 12, 2021 @ 7:54 am By Omar Faridi  |  

Standard Chartered (LON: STAN) is teaming up with Demica, a major Fintech focused on working capital solutions, in order to streamline access to the bank’s supplier finance program,  allowing easier enrolment for suppliers via an online portal while providing a seamless experience for the Bank’s… Read More

January 22, 2020 @ 3:32 pm By Samantha Hurst  |  

Demica, a UK-based company that provides working capital solutions to a wide range of major corporations and financial institutions, announced on Wednesday it secured $30 million through its Series C funding round, which was led by Simcah Management LLC. Founded in 1992, Demica revealed it… Read More

January 22, 2020 @ 7:48 am By JD Alois  |  

UK based Demica, a working capital Fintech, has closed on a $30 million Series C financing round led by Simcah Management LLC, according to a company release. Demica is a platform that targets multinational clients all over the world, across industries providing working capital facilities… Read More

June 11, 2019 @ 10:27 pm By JD Alois  |  

During the Global ABS Conference in Barcelona, Spain, Demica, an independent provider of working capital solutions, has announced the launch of its new Receivables Finance Platform. The Fintech reports that it is currently growing at 40% a year. Today, Demica works with over 400 corporate… Read More