Tag: working capital

Rajan Gupta, former global head of treasury and tax at Hyva, shared his experience establishing treasury functions at the transport multinational, up until its acquisition by JOST.

Fintech working capital firm Riverchain has completed a $5m series A funding, and is eyeing expansion in SEA to support subcontractors’ liquidity management beyond Hong Kong.

In a pilot, Shanghai Commercial Bank issued a pre-authorisation on a co-loading freight forwarder’s commercial card so the main freight forwarder was paid within three days, and the co-loader has 56 days to pay; the bank uses the airport's cargo data platform for verification.

Cash visibility remains a priority, regardless of the macro environment, according to senior panellists.

Citi's regional head of client advisory for Asia, the Middle East, and Africa, Treasury and Trade Solutions, shared his views on key performance indicators, data analytics, collaboration and liquidity management.

The British bank has appointed a new global head of trade and working capital, as well as heads of transaction banking in Asean and Europe.

The treasury solutions provider recently announced the appointment of Doug Morgan as CEO, with aims to boost the company’s strength in “managing complexity”.

A new crop of non-bank funders are deploying technology-based solutions to make accounts receivable financing accessible even for mid-sized corporations, allowing them to decrease risk while increasing opportunity, says Jonny Singleton, chief commercial officer, Peridot Group.

Jonny Singleton has joined the working capital solutions provider to lead its commercial strategy.

By partnering with C2FO, the firm will help clients unlock working capital and better manage their cash flow conversion cycles.

The partners are working to deliver improved working capital and supply chain finance solutions to clients by the end of 2023.

The latest report by trade credit insurer, Allianz, paints a gloomy picture for global corporates, although Asia-based firms will fare comparatively better.