PYMNTS-MonitorEdge-May-2024

Greensill Capital

Credit Suisse Suspends Investment Funds Linked To Greensill Capital
Credit Suisse Suspends Investment Funds Linked To Greensill Capital
March 01, 2021  |  B2B Payments

Credit Suisse Group AG has frozen $10 billion in investment funds that have powered Greensill Capital, which focuses on supply chain finance, a kind of...

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Today In B2B: Mastercard Collaborates With SAP Concur; E2open Goes Public
Today In B2B: Mastercard Collaborates With SAP Concur; E2open Goes Public
February 08, 2021  |  B2B Payments

Today in B2B payments, Mastercard collaborates with SAP Concur in the Asia-Pacific region, while the U.S.’s “Buy American” procurement strategy raises questions. Plus, the U.K....

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Report: Accounting Firms Turn Down Greensill Auditing Role
Report: Accounting Firms Turn Down Greensill Auditing Role
October 29, 2020  |  B2B Payments

A number of large accounting groups have turned down requests to audit Greensill Capital as the SoftBank-backed firm mulls a stock market listing, the Financial...

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B2B Supply Chain Finance Co Greensill Aims To Raise Funds That Could Set Valuation At $7B
B2B Supply Chain Finance Co Greensill Aims To Raise Funds That Could Set Valuation At...
October 08, 2020  |  B2B Payments

London-based supply-chain finance company Greensill Capital is looking for an infusion of funds amid monetary setbacks, sources told the Wall Street Journal (WSJ) on Thursday (Oct....

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SoftBank Extracts $700M From Credit Suisse Trade Finance Funds
SoftBank Extracts $700M From Credit Suisse Trade Finance Funds
July 22, 2020  |  B2B Payments

Japan’s SoftBank has removed around $700 million from investments at Credit Suisse after the Swiss bank began an inquiry over whether the funds were going...

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Credit Suisse Eyes Its Supply Chain Finance Funds Amid Investor Scrutiny
Credit Suisse Eyes Its Supply Chain Finance Funds Amid Investor Scrutiny
June 24, 2020  |  Investments

Credit Suisse Group has started to look into funds invested in loans arranged by billionaire Lex Greensill and backed by Masayoshi Son’s SoftBank Vision Fund,...

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Greensill Faces Swath Of Supply Chain Finance Defaults
Greensill Faces Swath Of Supply Chain Finance Defaults
May 04, 2020  |  B2B Payments

SoftBank-backed supply chain finance firm Greensill Capital has experienced a bevy of customers default in well-known accounting scandals and corporate meltdowns, the Financial Times (FT)...

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Greensill Capital Nears Rollout Of On-Demand Wage Access App
Greensill Capital Nears Rollout Of On-Demand Wage Access App
January 06, 2020  |  B2B Payments

Supply chain financing company Greensill Capital is gearing up to launch its first consumer-facing product, a mobile app connecting employees to access to earned wages...

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SoftBank’s Greensill Backing Leads B2B FinTech Funding
SoftBank’s Greensill Backing Leads B2B FinTech Funding
November 01, 2019  |  B2B Payments

B2B startups continue to steal the venture capital spotlight. Recent reports in Citing Venture Intelligence data, LiveMint said B2B FinTech has secured $657 million in...

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