Rakbank has partnered with Turkish fintech platform Faturalab to improve transparency and efficiency across its supply chain finance offering in the UAE. Istanbul-headquartered Faturalab, founded in 2016 as an invoice finance platform, is a provider of digitalised supply chain finance products to several Turkish corporates. The partnership marks its “first strategic tie-up outside of Türkiye”, ...| Global Trade Review (GTR)
Pakistani fintech Haball has raised US$52mn in equity and debt as it plans expansion of its SME lending platform to Saudi Arabia later this year. Haball operates a shariah-compliant supply chain finance (SCF) platform, Wisaaq, which operates through partnerships with funding banks. It has secured a US$5mn equity investment from Pakistani venture capital firm ...| Global Trade Review (GTR)
Trade finance revenue reported by banks remained steady last year despite pockets of growth in some regions, as the industry looks set for a turbulent 2025 defined by the fallout from US President Donald Trump’s aggressive trade policies. Banks in European and Asian financial hubs largely reported stable revenue or slight dips in earnings, ...| Global Trade Review (GTR)
Trafigura has closed syndicated European revolving credit facilities (RCFs) totalling more than US$5.6bn, which the commodity trader says will strengthen its ability to respond to market turbulence and volatility. The Singapore-headquartered trader announced today it had extended an existing three-year facility, initially launched in March 2022, by a further year, while also increasing its value ...| Global Trade Review (GTR)