This focus on technology was partially in response to the pandemic, with Vietnam’s small businesses being the most likely to increase their emphasise on online sales and up their investment in technology in reaction to Covid-19. This change saw the percentage that earned more than 10% of their revenue online jump from 60% in 2020 […]
EUF and FCI co-hosted successfully the 7th Annual EU Factoring Summit this past week in Rome, Italy. Ms Françoise Palle Guillabert opened the summit, where she congratulated Mr Fausto Galmarini for being elected as the new EUF chairman, then spoke about the work EUF has done tirelessly during these challenging times to monitor, review and […]
After almost 3 years in the making, Edifactoring 2.0 has officially been launched. The platform has undergone not only a facelift but also rigorous security tightening and a few new features to make the processing of messages with transactions just that much easier for our users. The deployment of Edifactoring 2.0. Stage 1: FCI launched […]
Credit-led challenger, Zvilo, has signed a term sheet for a new debt facility of up to €50m with a leading London-based alternative asset management company. Zvilo is transforming business lending in the Balkans by providing short-term working capital facilities to SMEs across different value chains. The supplier finance program will be further automated through Zvilo’s […]
Mr. Fausto Galmarini, chairman of Assifact, the Italian Association for Factoring, has been elected as chairman of the EU following a vote by the EUF’s Executive Committee which met on 4 April 2022 in Rome. His mandate takes effect immediately for a period of 2 years. Galmarini has been working in the banking and credit […]
Flanders Investment & Trade, the official government body for the Flanders region, has published its full-year trade figures for 2021, which reveal that UK exports to Flanders are showing signs of recovery from their post-Brexit decline but some sectors continue to struggle. While UK exports to Flanders initially slumped by 15.8% in 2020 following the UK’s formal departure from the EU, UK exports to the region increased by a significant 18% in 2021 to a total value of €14,398,848,000. However, the […]
Greece’s four largest banks are likely to improve their profitability this year on the back of continued balance sheet strength, said S&P Global Ratings in a report, “Greek Banking Sector 2022: Focus Turns To Profitability,” that was published today. The lenders, Piraeus, Alpha Bank, National Bank of Greece (NBG), and Eurobank, are expected to build […]
Fiduciam, the institutionally funded lender to SMEs, provided £19.4 million of funding for student accommodation across Europe in the last month. The two schemes will offer a total of 701 new or recently refurbished student rooms in the United Kingdom and the Netherlands. The average interest rate is 0.60% per month and the Loan to […]
Icelandic technology provider Dohop has raised an undisclosed growth equity round from Scottish Equity Partners (SEP). This investment will enable Dohop to further accelerate growth and develop its innovative virtual interlining offering, allowing airlines and scheduled transport providers to sell complex itineraries without the need for codesharing or traditional interline agreements. Since SEP’s initial investment […]
It’s a first in the history of Catalan community: first collective purchase of gold. Within a couple of weeks of the launch of “preciosos”, community fintech 11Onze has made the first collective purchase of gold for its community. Given the increasing inflation and unpredictable markets, Catalan community has decided to invest in the precious metal […]
