News

Culain Capital Funding completed a $750,000 accounts receivable factoring facility with a privately-owned specialty maintenance and welding services company.

Merchant West Group, a privately-owned South African financial institution, will upgrade from an on-premise system to Solifi ABL on Solifi’s Open Finance Platform to support its plans to scale its asset-based lending business over the next three years.

Hilco Digital Assets invested in Squadhelp.com, a naming platform that combines artificial intelligence, crowdsourcing and gamification to provide branding solutions to companies. The two companies also entered a joint venture partnership to launch a domain marketplace.

Nomura Private Capital launched its first investment product, the Nomura Alternative Income Fund. This inaugural fund marks a milestone in Nomura's global push into private markets, with the firm providing an initial $100 million to seed the fund.

US Capital Global further expanded its range of custom bridge finance solutions for middle-market businesses, as it will now provide bridge loans of up to $100 million.

White Oak Commercial Finance, an affiliate of White Oak Global Advisors, provided a $2 million non-recourse factoring facility to a wholesaler of contemporary men’s apparel.

Hercules Adviser, a wholly-owned subsidiary of Hercules Capital, established a new institutional private credit lending program to support venture and growth stage companies being impacted by recent market events across the venture and growth stage lending ecosystem.

Vemanti selected Finastra and Lendscape to help build a SME-focused neobank in Southeast Asia. Vemanti will use Finastra’s core banking solution, Fusion Essence, while utilizing Lendscape’s invoice finance and supply chain finance technology.

The American Bankruptcy Institute will hold its annual spring meeting in Washington, D.C. from April 20 to April 22.

The Federal Reserve announced that it will raise the target range for the federal funds rate to between 4.75% and 5% on Wednesday, marking a quarter point increase and its second such move of 2023.