News

SellersFunding, a financial technology provider for e-commerce sellers, added two new products to its lineup of working capital products: invoice factoring and purchase order financing.

Revlon and certain of its subsidiaries filed voluntary petitions for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York.

On Wednesday, the Federal Reserve made its third hike to the federal funds rate in 2022, increasing the rate to a range between 1.5% and 1.75%. According to Yahoo Finance, the 0.75 percentage point increase was “the largest move has...

Viva Capital Funding closed $18.5 million of senior secured notes to a group of institutional investors. Viva Capital Funding will use the proceeds to restructure existing debt and support additional growth of the business.

JDR Solutions will be servicing Sweet Leaf Madison’s customer base throughout the United States, managing all its real estate loans, equipment leasing transactions and secured term loans.

EQ Riskfactor, a provider of risk management software for the commercial finance market, is partnering with Solifi to offer asset-based lending customers a direct line of sight into collateral risk and performance in real-time.

Victory Park Capital closed its latest fundraise for its asset-backed opportunistic credit strategy. The fund is oversubscribed at $2.4 billion of committed and investable capital, including separately managed accounts investing alongside the fund.

To expedite customer requests and extend its real-time customer self-service capabilities, ENGS Commercial Finance leveraged the power of the Salesforce Cases tool to create a portfolio of online forms that address common customer requests and interactions on its website.

Electric Last Mile Solutions, a pure-play commercial electric vehicle company that has been focused on redefining productivity for the last mile, plans to file for Chapter 7 bankruptcy.

LiquidX, a global financial technology platform for digitization, monetization and risk mitigation for working capital, trade finance and insurance assets, finalized a strategic investment from Citi. The funding round was led by Broadridge, LiquidX’s largest strategic investor.