Today in B2B payments, lenders land SMB relief support in U.S. pandemic aid package. Plus, Contour completes blockchain trade finance transaction, Liberis raises funding for SME financing, Pakistan eyes digitizing supply chains, and Ripple faces SEC charges. Pandemic Aid Package Provides Relief For Lenders To...
U.K. FinTech iwoca has notched £100 million in funding to help coronavirus business interruption loan scheme (CBILS) clients. The company intends to grow its CBILS program and begin taking new client applications with the financing it raised, according to a Monday (August 3) announcement. iwoca said...
Wirecard continues to dominate the headlines in the realm of corporate fraud thanks to $2 billion missing from the company’s books, but it’s not the only company at the center of questionable activity. With the global pandemic continuing to cause market disruptions, the opportunities for...
December 18, 2023
The end of pandemic relief and steep interest rates have ramped up corporate bankruptcies. Business bankruptcy rates had been falling in the U.S. for a decade, but jumped 30% between September 2022 and September of this year, the Financial Times (FT) noted in a report Monday (Dec. 18), citing court data. Meanwhile, Germany — the […]
