Teybridge Capital Europe, a Dublin-based trade finance and working capital fintech, to invest £4.5 million in the UK market over the next three years, create 30 new jobs at its London office, and deploy £600 million in lending to British SMEs over the same period.
Official figures show that the proportion of UK companies that have ever exported has fallen from 45 per cent to 38 per cent in recent years. Kyle said reversing that trend was a priority for the government, arguing that international demand for British goods and services remains strong. Drawing on recent visits to China, Japan and the World Economic Forum in Davos, he told delegates there was a "great thirst for Britain".
Nivoda, the B2B diamond and gemstone marketplace, has secured a $60 million financing facility from i80 Group to provide embedded trade credit to jewellery retailers across more than 70 countries. The deal addresses a critical shortage of working capital in the diamond industry after traditional lenders retreated from the sector, leaving small and mid-sized retailers struggling to finance inventory purchases.
This funding from NatWest is a game-changer for us. It allows us to manage our cash flow more effectively, ensuring timely payments to our suppliers and preventing any disruptions in our supply chain. With this support, we're well-positioned to continue our growth trajectory and explore new market opportunities as well as building on our success in the US.