Home Depot’s acquisition of SRS is the latest evidence that the home improvement giant is laying the foundation — pun intended — for a many-sided, digitally-enabled ecosystem. With B2B services and trade finance tied to it all, the deal might solidify loyalty among professional contractors,...
Miami-based trade finance platform Marco has raised $12 million in a Series A round. The funding will help support the company’s mission of helping small and medium-sized entrepreneur (SME) exporters in Latin America, according to a Tuesday (March 19) news release. “Through my own journey as an SME...
Proponents of blockchain’s underlying technical capabilities are determined to shake off its cryptocurrency-centric associations. In large part by finding historical opportunity areas within the traditional financial sector that digital assets were originally designed to replace. After all, the technology’s innovative capability for storing and moving...
FinTech platform Xalts has acquired Contour Network from a consortium of global banks. The move is aimed at accelerating digitization in trade and supply chain finance, combining Xalts’ expertise in digital finance applications with Contour’s established network connecting global banks to businesses, Xalts said in...
August 01, 2023
To eliminate paper checks and manual payment processes, you need to look for them first. But once you see them, you’ll find them everywhere. That’s why observers believe the B2B and trade finance sectors are especially ripe for digitization, because they are collectively knee deep (and sinking) within the confines of the paper check and […]
January 27, 2023
Small businesses have traditionally struggled to access the same trade finance as their larger peers. In an interview with PYMNTS, Sandra Nolasco, CEO at Madrid-based trade finance platform Twinco Capital,...
January 12, 2023
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 risk assessment and underwriting processes,...
October 27, 2022
Trade finance’s digital transformation has exploded through the past few years, and it will accelerate in the years ahead. “Treasury is the next frontier in digital payments,” Alan Koenigsberg, senior...
June 13, 2024
Traydstream and 360tf partnered to digitize, innovate and expand global trade finance solutions. The collaboration aims to make trade finance “efficient and seamless” by bridging the global trade finance gap, reducing paper dependency and digitizing processes, the companies said in a Wednesday (June 12) press release. “360tf and Traydstream together aim to revolutionize the digitization […]
March 19, 2024
Miami-based trade finance platform Marco has raised $12 million in a Series A round. The funding will help support the company’s mission of helping small and medium-sized entrepreneur (SME) exporters in Latin America,...
February 23, 2024
FinTech platform Xalts has acquired Contour Network from a consortium of global banks. The move is aimed at accelerating digitization in trade and supply chain finance, combining Xalts’ expertise in...
February 23, 2024
Web3 advisor, venture builder and investor Coinsilium Group teamed up with global trade exchange platform LC Lite. The partnership will see Coinsilium providing strategic advisory services for LC Lite’s upcoming...