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)
The high costs of offering global trade finance may cause some large lenders to scale back and open the way for more specialised and regional lending, JP Morgan’s Natasha Condon has said. “Being a big international trade bank is really expensive. It’s getting more expensive every year, and that means there are going to be ...| Global Trade Review (GTR)
Standard Chartered is the first bank to announce it will align its trade practices with the ICC’s Principles for Sustainable Trade Finance.| Global Trade Review (GTR)