Softbank’s Vision Fund has invested an additional $655m in Greensill Capital as the supply chain finance provider reveals it has acquired tech firm FreeUp, a company that offers employees early payment of earned wages.
A group of investors led by the SoftBank Vision Fund has backed C2FO with a $200m investment. Following the deal, Nahoko Hoshino will join C2FO's board representing SoftBank Investment Advisers.
China's Banking and Insurance Regulatory Commission has issued new guidelines on supply chain finance which aim to crack down on supply chain fraud, according to a report in the official news outlet China Daily.
Payables automation platform Tipalti has launched a supplier finance offering. The service, called NetNow, is now available within Tipalti's accounts payable solution.
Bank of Montreal (BMO) has become the first bank in North America to license Demica's supply chain finance technology platform under a 'white label' agreement. The deal includes a range of support services including buyer integration and supplier onboarding.
Neil Garrod, the former group treasury director at Vodafone, is to join Greensill as CFO in the latest in a series of hires by the supply chain finance giant.
Greensill has bought receivables securitisation specialist Finacity, which will now become a wholly-owned part of Greensill. The move comes shortly after Softbank invested $800m in Greensill.
UniCredit is to take a minority stake in FinDynamic, an Italian fintech start-up offering dynamic discounting programs. The bank will work with FinDynamic to offer dynamic discounting to Unicredit clients as part of its working capital solutions.
Rabobank is the new exclusive sponsor of the Supply Chain Finance Awards, the global competition for SCF excellence organised by the Supply Chain Finance Community.