Aaron Hughes, Managing Director of Equiniti Riskfactor, provides insight on the growth of the UK receivables market; the market now has 40,000 to 45,000 clients; with a growing number of clients the industry is focusing on new technologies for greater efficiency and processing; Aaron Hughes says Equiniti Riskfactor is also testing a blockchain prototype for receivables finance that can even further advance platform efficiency. Source
Invoice finance platform BlueVine secured $130mn in debt financing; the financing comes from Silicon Valley Bank, SunTrust Bank, Bank Leumi and TriplePoint Venture Growth BDC Corp.; BlueVine founder and CEO Eyal Lifshitz tells Bankless Times, “Business owners have diverse needs, and by augmenting our product offering, we are able to offer the solution that fits best.” Source.
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