Fiduciam, the bridging and development lender, has made a strong start to the year in Germany with substantial progress towards its 2022 lending target of €50m in the country. Two German loans closed in February for a total amount of €3.25m and Fiduciam’s pipeline includes a further €11.20m of German facilities due to be completed […]
On 28 February 2022, at Mobile World Congress 2022 (MWC 2022), VinFast announced the signing of a Memorandum of Understanding with LeasePlan, one of the world’s leading car-as-a-service companies. Through this anticipated collaboration, VinFast will continue to establish its positioning in Europe ahead of launches in the Dutch, German and French markets. According to the […]
Paga Group, a leading mobile payments and financial services company, is delighted to announce its partnership with the Bank of Abyssinia, and its receipt of regulatory approval from the National Bank of Ethiopia to launch its online payment gateway in Ethiopia. Paga’s partnership with the Bank of Abyssinia is both a milestone and a core, […]
NayaPay, a Pakistan-based fintech platform, has raised $13m in one of the largest seed rounds in South Asia. Bringing together a diverse mix of leading global institutional and angel investors, the round was led by Zayn Capital, global fund manager MSA Novo and early-stage VC Graph Ventures from Silicon Valley. Singapore-based Saison Capital, Waleed Saigol’s […]
The European Bank for Reconstruction and Development (EBRD) is promoting the development of international factoring by supporting cross-border transactions between TBC Bank and Armswissbank in support of ongoing trade between their clients. Both banks are members of FCI, the global representative body for the factoring industry. These transactions support exports of food commodities from Georgia […]
Two years after the onset of the pandemic, the global economy continues to recover, but still faces significant challenges. After the lull in the 3rd quarter of 2021, Omicron has highlighted the unpredictability of the pandemic and exacerbated one of the main factors affecting the recovery: disruptions in supply chains. The other major risk is […]
Transformational small business credit assessment platform and data provider, Uplinq Financial Technologies (Uplinq), has announced a new partnership with African technology and business solutions company, Nosmay, as part of its plans to help credit-lenders better serve the continent’s significant unbanked population. According to a recent report published by the World Bank, there are around 1.7 […]
Ebury, the global fintech specialising in international payments, is preparing to accelerate growth in Latin America following the opening of its Brazilian office. After a successful entrance into the market, Ebury now plans to further develop its global transaction banking platform for the Latin America market and expand its range of services to better serve […]
In a move that reaffirms the company’s global reach, virtual IBAN and corporate account provider, Monneo, is delighted to announce the launch of its service in Brazil as part of its plans to serve customers who require payment solutions in Latin America. Through its launch in Brazil, Monneo’s clients can now send and receive money […]
The global banking sector is back on course. Ratings trends have stabilised in 2021 and S&P Global Ratings thinks this will continue in 2022. Net rating outlooks have improved significantly, from negative 31% in October 2020, to positive 2% in November 2021. About 74% of banks are on stable outlook, with 12% on negative outlook, […]
