Aquila today announced the acquisition of Cibar Inc. (“Cibar”), a best-in-class banking software solution for the international trade finance industry. Cibar, a pioneer and specialist in trade finance applications, was established in 1969 and has its headquarters in Colorado Springs, USA. Its modules cover imports and exports, standby letters of credit, guarantees, cash letters, wire transfers, and more.
Wayflyer, the revenue-based financing and growth platform for e-commerce businesses, has secured a $200 million (plus a $53 million mezzanine) debt financing facility from Credit Suisse. The extra financing facility will be used by Wayflyer to support other origination, allowing it to quickly give capital to e-commerce companies and assist them to spur growth, enhancing cash flow,
Fintech, a combination of the terms “financial” and “technology,” is the application of new technological advancements to products and services in the financial industry. Our guide will walk you through what fintech is and how it’s used. What Is Fintech? Fintech, a combination of the terms “financial” and “technology,” refers to businesses that use technology
valU, MENA’s leading Buy-Now, Pay-Later (BNPL) lifestyle enabling FinTech platform, PayTabs Egypt, the payment processing solution, and notchnco, an independent software vendor (ISV) for meta products, have announced a collaboration that will allow valU’s clients to enjoy a unique WhatsApp shopping experience. For the first time in Egypt, through an automated workflow developed by notchnco, valU
Most credit cards have a feature called a cash advance that enables you to withdraw money using your credit card. Usually, you can accomplish this at an ATM or in person at a bank location. Usually, there is a predetermined cap on the amount of money you can withdraw. You are drawing credit instead of
Solid, the leading fintech-as-a-service platform that offers a modern infrastructure for any company to launch and scale fintech products, today announced its $63 million Series B funding round. Led by FTV Capital, a sector-focused growth equity firm with nearly 25 years of experience investing in financial technology, the funding will accelerate Solid’s expansion into fintech-ready
The safest mutual funds are those that trade overnight. Overnight funds are ideal if you are new to mutual funds and want to test them out before investing heavily. An open-ended debt strategy called Overnight Funds makes investments in debt instruments that mature the next day. This means that as the portfolio’s assets mature each
Did you know that, according to recent research, more than 60% of firms are either contemplating using Bitcoin as a means of payment or have already started doing so? Additionally, according to a different poll, 22% of small and medium-sized enterprises want to start adopting Bitcoin in the coming year. With figures like these, it’s
How to Manage Your Money Wisely? An Overview Money management is a life skill that will assist you in reaching your financial objectives. No matter how much money you make, if you don’t know how to handle it, you won’t be able to build wealth in the long run. To attain your financial objectives, you
BankiFi, a leading provider of embedded banking solutions for small and medium businesses (SMBs), has secured $4.8 million for global expansion into North America. This strategic growth investment gives BankiFi the capital to provide its industry-leading embedded banking platform to more than two million SMBs across four continents by 2024. BankiFi provides an open cash management
Israeli banking-as-a-service (BaaS) start-up Unit has partnered with Tennessee’s Thread Bank to enable firms to embed banking services — including accounts, cards, payments and lending — into their products using a single platform. “We’ve grown explosively over the last year by helping companies quickly create new revenue streams with customized banking experiences,” “With our partnership
