Final analysis of data collated by the EU Federation for the Factoring and Commercial Finance Industry (EUF) shows that in 2018 factoring and commercial finance volumes in the EU grew overall by 7.9% to €1.73 Trillion, 80% of which was domestic business and 20% international.
In 2018 the world factoring industry volume continued its upward trend with a total reported figure of over 2,767 billion euro representing over 6% growth compared to the previous year.
Invoice factoring is the practise whereby a third party factoring institution purchases a business’ outstanding invoice debt with a discount applied. This increases the availability of funds in the short-term for businesses, which is often crucial to the survival of small-to-medium sized businesses.
Since its inception in 2015, OakNorth has gone from strength to strength. Indeed, last year the British challenger bank reported a 220% increase in profits from the previous year. So what is the story behind OakNorth and why is it growing so quickly?
Alongside the technical and industrial advances of the last 50 years, the ability to trade freely with the Single market has benefited Britain’s businesses well in recent times. So well… read more →
LONDON – The Trade Finance Distribution (TFD) Initiative – an industry-led initiative to make trade finance an investable asset class – has today released a whitepaper discussing the potential for… read more →
We heard from Andrés Abumohor, the Co-Founder and COO of OmniBnk, a neobank that provides financial services to SMEs in Latin America. Small and medium enterprises (SMEs) create close to… read more →
Beauhurst, the data provider, has released the latest edition of its report, The Deal, analysing all equity investment in UK startups and SMEs throughout 2018. The data shows that 2018… read more →
We had the pleasure of speaking to Mr R. Yüce Uyanik, a member of the FCI Legal Committee, on international factoring as a solution for the economic crisis on SMEs.… read more →
Following the FCI’s recent appointment of Mr Lin Hui, Chapter Director of NE Asia, we asked him about some of the top trends in China and beyond, the impact of… read more →
Following the FCI’s recent appointment of Ms. Betül Kurtulus, Chapter Director of Central & Eastern Europe, South East Europe (Balkans), and the Middle East, we asked her about some of… read more →
HM Revenue & Customs has just published an updated version of the Partnership Pack on GOV.UK to help businesses plan for the possibility of a ‘no deal’ EU Exit. Businesses… read more →
Cash is king, particularly for small businesses. However, maintaining a healthy cashflow is often tricky, and complications around late payments, irregular orders and unplanned costs to the businesses can often… read more →
CryptoOracle Co-Founder claims “decentralisation is a better way forward than the current state of market concentration.” Lou Kerner on Israel’s blockchain scene, invoice financing and decentralisation CryptoOracle’s co-founder, Lou Kerner,… read more →