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Grid Finance procures €100mn from Fasanara Capital to fund Irish MSMEs

Grid Finance procures €100mn from Fasanara Capital to fund Irish MSMEs

17 May 2022
| By Invoice Bazaar

Dublin-based Grid Finance has obtained a funding line of €100 million from UK-based alternative asset manager Fasanara Capital, which will be used for providing short-term loans to micro and small businesses in Ireland. Having loaned nearly €10 million to underserved sections of MSMEs in Ireland in the last two years, Grid expects to do business of €25 million in the current fiscal. The company focuses on giving short-term loans to merchant card financiers. The special provision that allows MSMEs to make lower payments during lean months has ensured that Grid gets good business, although demand for credit in the post-Covid scenario has generally been low.

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Grid Finance procures €100mn from Fasanara Capital to fund Irish MSMEs

Related Articles

New hires to serve growing pipeline of funding opportunities

Private Capital Investors in Trade Finance: An Asset Manager’s Perspective

The transaction banking revolution has only just begun

Global Trade Finance Gap Expands to $2.5 Trillion in 2022

How blockchain-based facilities can close the $2tn global trade finance gap

The Impact of COVID-19 on Trade Finance: A Retrospective Analysis

Innovating Trade Finance for MSMEs

The Future of FinTech: The Technological Revolution in Trade Finance

The Rising Influence of Non-Bank Financial Institutions in today’s market

Impact of Changing Interest Rate Expectations in US & Europe on TF Flows

Trade finance volumes robust as growth slows

Financial market volatility complicates funding environment

The Resurgence of Letters of Credit: A Response to Tightening Liquidity & Rising Interest Rates

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Impact of regional US banks’ fallout on Trade Finance: How LC & Open Account Financing fared in the crisis

Trade finance must digitalize to combat fraud

The world’s trading system needs to ditch its paper trail

A new paradigm for global trade

Digital Supply Chain Finance is the future for global economic development & recovery

CRR hit to trade-finance banks should be avoided

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