Tagged: supply chain finance

Trade and Supply Chain Finance Ecosystem Finverity Appoints New CMO

Finverity, the trade and supply chain finance digital ecosystem, announces the repositioning of its brand and product offering, together with the appointment of Adam Ryan as Chief Marketing Officer (CMO). Since its foundation in 2017, Finverity has focused “on fixing the $1.7tn+ global trade finance… Read More

Supply Chain Finance Firm Finverity Finalizes $5M in Equity Funding as Revenues Grow Steadily

Finverity, the digital ecosystem for trade and supply chain finance, announces it has raised $5 million in an equity funding round from new and current investors. New investors reportedly “include London-based Fintech specialist Outward, Amsterdam-based Acrobator Ventures and US-based s16vc founders fund with follow-on investments… Read More

Supply Chain Financing Firm Twinco Capital Raises $12 Million

Female-founded Fintech Twinco Capital has announced a $12 million funding round led by Quona Capital. The funding provided both debt and equity capital. Working Capital, as well as existing investors Mundi Ventures and Finch Capital, participated in the round, with Zubi Capital providing the venture… Read More

SaaS Platform for Supply Chain Finance Skyscend Joins Visa’s Fintech Fast Track Program

Skyscend Inc., an SaaS platform provider for supply chain finance, announced that it has joined Visa’s Fintech Fast Track Program, speeding up the process of integrating with Visa, “allowing Skyscend to more easily leverage the reach, capabilities, and security that VisaNet, the company’s global payment… Read More

Standard Chartered, Taulia to Advance Working Capital Management Solutions

Taulia, a provider of working capital solutions, and Standard Chartered (LON: STAN) have signed a memorandum of understanding (MoU) “to collaborate across a range of working capital finance solutions, with an initial focus on the provision of supply chain finance and dynamic discounting.” This marks… Read More

European Fintech Nexi and Piteco to Allow SMEs to Access Digital Payment Solution

Nexi, the Paytech in Europe, and Piteco, an Italian software house offering corporate treasury management and financial planning solutions, entered a partnership enabling large corporations and SMEs to access a digital payment solution. The service provides firms with an additional line of credit, along with… Read More

SAP to Acquire Majority Stake in Working Capital Management Fintech Taulia

SAP SE (NYSE: SAP) has announced its plan to acquire a majority stake of Taulia, a provider of working capital management solutions. As mentioned in the update, the move is aimed at giving firms improved access to liquidity and enhancing their cash flows. The acquisition… Read More

MineralTree’s Vijay Ramnathan’s Top Stories Impacting Payments and Fintech for 2021

Staffing challenges, the growth in digital payments and B2B payments were among the stories that defined 2021 in payments and Fintech, MineralTree president Vijay Ramnathan said recently. MineralTree conducted some research in 2020 with mid-market and enterprise finance teams, Ramnathan said. Prior to the pandemic,… Read More

Supply Chain Finance Tech Platform, Linklogis, Establishes Singapore Office

One of Asia’s most established supply chain finance tech solution providers, Linklogis, has announced that it has launched a branch office in Singapore. The new office aims to support Linklogis’ plans to open a virtual bank in Singapore in early 2022, by using the digital… Read More

Sustainability linked Supply Chain Finance Program Introduced by Citi for APAC Region

US investment bank Citi (NYSE: C) has introduced its first sustainability-linked supply chain finance (SSCF) program in the Asia-Pacific region. Via the SCCF program, Citi intends to support customers as they work on their ESG priorities, enhance supply chain resilience, and effectively manage working capital… Read More

Diners Club Italia Partners Milan’s FinDynamic to Offer New Fintech Tool that Supports Supply Chains

Enrico Vigano, CFA and CEO and Founder at FinDynamic (from Milan Area, Italy), notes that a new Fintech tool has been introduced which aims to support supply chains. Vigano confirmed that Diners Club Italia and FinDynamic (a company offers an “innovative form of supply chain… Read More

RAMSUN, an Online Marketplace for Supply Chain Finance, Joins Fintech Firm MonetaGo’s Secure Financing Network

India based RAMSUN Network, a digital or online marketplace for supply chain finance, has reportedly joined Fintech firm MonetaGo’s secure financing network. The RAMSUN Network aims to facilitate financing for SMBs via its AI-powered technology platform – which allows many lenders to be a part… Read More

UAE Invoice Bazaar Receives Guidance & Investment from Shirish Apte

Invoice Bazaar, a UAE Fintech supply chain finance platform announced an investment from Shirish Apte, former CEO and Chairman Asia Pacific of Citigroup. Founded last year in Dubai, Invoice Bazaar has now expanded into India and Singapore. “Having seen the business model of many FinTech… Read More

Crossflow Payments CEO Duggan: £266 billion of SME Turnover Delayed by Late Supplier Payments

The growth prospects of SMEs are being potentially stalled due to late payments, according to new research of over 1,000 SMEs commissioned by Crossflow Payments, the Fintech platform delivering supply chain finance solutions. “Brexit is increasing the issue of late payments and reducing investment by… Read More

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