C2FO reaches out to Greensill clients

C2FO has offered to waive system set-up fees associated with switching to its online platform to companies affected by the crisis at Greensill. Referring to, ‘A large supply chain finance company experienced funding difficulty’, the company said it aimed...

Greensill Clients Await Apollo Rescue

Corporate clients of troubled SCF lender Greensill are waiting to see if a proposed purchase of some of its operating business by New York-based private equity firm Apollo Global Management could offer them a lifeline. Without the rescue, funding for supplier finance...

Taulia fundraising values firm at $400m

Taulia has completed a funding round of $60 million that values the fintech at $400m. The funding was led by the China-based Ping An Global Voyager Fund with J.P. Morgan, Prosperity7 Ventures and existing investors including Zouk Capital also taking part. Taulia has...

FSB: Late payments hit small businesses during COVID-19

Six in ten small businesses (62%) have experienced late or frozen payments during the COVID-19 outbreak, according to a survey of 4,000 companies by the Federation of Small Businesses (FSB). In its report, Late Again: how the coronavirus pandemic is impacting payment...

Previse joins roster of UK coronavirus loan providers

Previse has become the latest SCF provider to be approved by the British Business Bank under the Coronavirus Business Interruption Loan Scheme (CBILS). The move comes after Greensill was approved under a similar scheme for larger businesses. Following their approval,...

Greensill starts LatAm push with Omni buy

Greensill Capital is to launch a push into Latin American supply chain finance markets by acquiring Colombia-based Omni Latam. Greensill founder Lex Greensill said the market for supply chain finance in Latin America could be as large as $750billion based on the...