The Board of Directors of the African Development Bank Group on Wednesday 13 July approved a €50 million unfunded risk-sharing facility partnership with Societe Generale to further support trade finance activities across Africa. The facility will contribute to reducing Africa’s trade finance gap by enhancing Societe Generale’s risk-bearing capacity by up to fifty per cent, enabling it to provide increased confirmation limits to local issuing banks on the continent.

Coventry-based Unipart Powertrain Applications (UPA) is part of the wider Unipart Manufacturing Group (UMG), a leading Tier 1 supplier of components to the global automotive industry. With just a few hours of finished stock held on-site and delivered on a just-in-time basis, even minor service interruptions can have huge knock-on effects across the entire Unipart supply chain.

Compass Plus Technologies has picked up two awards in the Global Banking & Finance Awards 2022. The awards have been running since 2011 and aim to recognise businesses driving innovation, and progressive and inspirational changes within the global financial sector.

Despite its ubiquity, credit is still divisive and this needs to change. It is a financial instrument at the heart of modern payments, powering consumer spending and business growth. While for many, it provides an important lifeline for those one-off, unforeseen costs.

Argyle, the leading employment data platform, today announced its partnership with Protection-as-a-Service provider DigiSure.

Enterprise data company, TIBCO, has launched TIBCO Cloud™ EBX®, a Master Data Management (MDM) Software-as-a-Service (SaaS) solution. TIBCO Cloud EBX enables users to manage corporate data from anywhere, including master data, reference data, and metadata. As a SaaS offering, EBX now delivers self-service access of cloud-native MDM capabilities to customers for faster, smarter implementation.

UK-based Saltare, the Early Payment FinTech, has appointed its second commercial manager to grow its customer base with a primary focus on enrolling larger corporations with extensive and diverse supply chains.

Quartr, the app that gives anyone, regardless of their investment expertise and network, access to critical company information and earnings calls, has raised a $2.6M extended seed round, taking its total seed round to $7.1M. 

Oh, France, the land of baguettes, wine and... Fintechs?

France’s fintech scene is attracting more investors and bigger tickets, and Money2020 Europe last month was a demonstration of just why the sector is garnering such traction. Business France, supported by CB, brought 12 of France’s most promising fintechs to the French Pavilion, including ubble, which is soon to be acquired by Checkout.com to expand its financial product portfolio.

Minima, the first cooperative, ultra-lean, blockchain network that enables anyone to run a complete node on a mobile or IoT device, today launched The Minima Innovation Challenge in partnership with EdenBase, UK’s first fund with a supergrowth hub and an ecosystem, investing in the next generation of game-changing companies, powered by frontier technologies.