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Citi has made an addition to its continental Europe trade sales team, hiring Nicolas Saoudi as trade sales head for the Nordic region. Based in Stockholm, Saoudi is tasked with helping grow the lender’s business across a portfolio of Nordic-parented and Nordic-based global subsidiary clients. He replaces Thomas Light, who left the position and took ...
San Francisco-based fintech Taulia has launched an accounts receivable financing product aimed at large corporates, as it continues to expand to cover all areas of the cash conversion cycle. Taulia, which last week announced it had sold a majority stake to enterprise software company SAP, offers payables, receivables and inventory finance solutions through its digital ...
Payments provider and FX hedging specialist Ebury has announced plans to accelerate its expansion in Latin America, with the company broadening its offering in Brazil and eyeing new markets in the region. Ebury opened an office in São Paulo last May, its first in the Latin America region, as part of a planned expansion following ...
Enterprise software company SAP is joining the ever-expanding supply chain finance (SCF) industry, after it agreed to buy a majority stake in working capital solutions provider Taulia. Founded in 2009, Taulia offers early payment through SCF, dynamic discounting, inventory and accounts receivable finance. Financial details of the transaction were not disclosed, but following a major funding ...
Credit and political risk insurance broker Texel Group has made a raft of changes at the top of the organisation and its subsidiary Meridian Finance Group. Meridian’s founder, Gary Mendell, has stepped down as president and taken the reins as executive chairman of the company, which was acquired by Texel in 2020. Ben Roberts, who ...