Trade finance

Trade finance signifies financing for trade, and it concerns both domestic and international trade transactions. A trade transaction requires a seller of goods and services as well as a buyer. Various intermediaries such as banks and financial institutions can facilitate these transactions by financing the trade.

Source: en.wikipedia.org

Digitization Speeds Approvals, Closes Gaps in EU Trade Finance Sector

Digitization Speeds Approvals, Closes Gaps in EU Trade Finance Sector
Digitization Speeds Approvals, Closes Gaps in EU Trade Finance Sector
January 12, 2023  |  B2B Payments

Digital technologies are driving innovation in trade finance, enabling faster decision-making and more streamlined processes. In the past, trade finance was bogged down by lengthy...

READ MORE >
Afreximbank Spends $1.5B to Promote Trade Finance in Caribbean
Afreximbank Spends $1.5B to Promote Trade Finance in Caribbean
December 26, 2022  |  Europe

Trade finance firm Afreximbank has allocated $1.5 billion to help Caribbean countries access its services. The Cairo-based company announced the arrangement Monday (Dec. 26), saying...

READ MORE >
African Development Bank Teams With Bank One on Trade Finance
African Development Bank Teams With Bank One on Trade Finance
December 23, 2022  |  Europe

The African Development Bank Group is supporting the trade finance efforts of Bank One Limited.  The Group will provide a $40 million trade finance package that is meant...

READ MORE >
Drip Capital and Vayana TradeXchange Partner on Trade Finance Solutions 
Drip Capital and Vayana TradeXchange Partner on Trade Finance Solutions 
December 22, 2022  |  Cross-border Payments

Drip Capital and Vayana TradeXchange have partnered on trade finance services for small to medium-sized exporters.  Through this partnership, Drip Capital — which offers post-shipment...

READ MORE >
Sustainable Supply Chain Finance Gains Traction in MENA
Sustainable Supply Chain Finance Gains Traction in MENA
December 19, 2022  |  Supply Chain

Supply chain financing is going green as businesses worldwide work toward their sustainability goals. The increasingly popular practice, known as “sustainable supply chain finance,” entails...

READ MORE >
Komgo Acquires GTC in Major Trade Finance Tech Merger
Komgo Acquires GTC in Major Trade Finance Tech Merger
December 01, 2022  |  Partnerships

U.S.-based GlobalTrade Corporation (GTC) announced it has been acquired by Swiss-headquartered Komgo. Terms of the deal, which sets the stage for a merger of two...

READ MORE >
FinTechs Plug SMB Trade Finance Gap With Digital Data
FinTechs Plug SMB Trade Finance Gap With Digital Data
December 01, 2022  |  Cross-border Payments

The cost of staying in business on the global stage is getting tougher to shoulder. Especially for the small and medium-sized businesses (SMBs) that power...

READ MORE >
B2B Marketplace Operators Offer Credit to Keep African SMBs Liquid
B2B Marketplace Operators Offer Credit to Keep African SMBs Liquid
November 21, 2022  |  Africa

A wave of platforms that enable digital sales and procurement are revolutionizing the way African companies do business, contributing to an all-round more efficient trading...

READ MORE >