Banque du Caire’s Post

Your “back-of-the-house corporate team.” We helped NAYA restaurants secure the capital they needed during a pivotal time in their growth. 💰🤝 “We’ve built a strong relationship with Akbar Rizvi and the Spring Bank team. They provide such personalized experience and excellent customer service,” shared Hady Kfoury, Naya’s Founder. “You don’t call a 1-800 number. Instead, you call your banker’s cell phone number directly. They feel like part of your back-of-the-house corporate team.” Today, with more than 25+ locations in less than four years, we are proud to be their bank. If you’re ready to scale your business, we are ready to be part of your team, too: https://lnkd.in/eMpsQTwD #business #smallbusiness #loan #lending #finances #finance #financialwellness #transparency #nyc #bronx #community #partnership #partners

Ebury Acquires Prime Financial Markets and Establishes Presence in Africa Ebury, the global financial technology firm headquartered in London, announces the acquisition of financial services firm Prime Financial Markets based in Johannesburg, South Africa. Juan Manuel Fernández Lobato, Co-Founder and Co-CEO at Ebury, commented: “We’re delighted Prime Financial Markets are joining the Ebury family. Its complimentary suite of services is a natural fit with our global capabilities and the transaction enables us to establish a new geographic presence at the heart of Africa’s financial services market. International expansion is key to our strategy and this acquisition further strengthens both our platform for growth and our ability to provide a market-leading service to clients.” https://lnkd.in/ebnrfdhz Gert Delport Ana Munoz Fenollosa Enrique Diaz-Alvarez Fernando Pierri Jose Esteban #FFNews #Fintech #Finance #Banking #Paytech #Payments #Insurtech #Insurance

We're thrilled to announce that CariCRIS has upgraded The Belize Bank Limited's corporate credit ratings by two notches, reaffirming its strategic prominence in Belize's commercial banking landscape. The revised ratings, including CariBBB- (Regional Scale Foreign Currency), CariBBB- (Regional Scale Local Currency), and bzAA+ (National Scale Local Currency), underscore the bank's commendable creditworthiness. Our Chairman @Filippo Alario, emphasized key strengths such as a robust risk management framework, extensive distribution network, and ongoing digital initiatives. This positive development reflects The Belize Bank Limited's continued success in navigating dynamic economic landscapes, showcasing resilience and strategic acumen within the industry. The stable outlook underscores confidence in the bank's ability to maintain strong financial performance, supported by anticipated growth, structural reforms, and the recovery of tourism activity in Belize. View press release issued by CariCRIS here: https://rb.gy/xsfqik  #Banking #CreditRatings #FinancialSuccess #BelizeBank

Income and value-add in one simple service:

💡 #MondayThoughts: SACCO Dividends: Are Saccos Leaving Money on the Table? 💰 Last weekend, I had the privilege of attending the #PCEAKikuyuSacco #AGM, where something eye-opening was discussed. It struck me that while SACCOs had ample funds within their banks, many members were resorting to overdrafts and mobile loans from external providers and not their SACCO. The big question is Why? Let's break it down: 🔍 According to Safaricom data, a staggering 23 million Kenyans borrowed up to 502.6 Billion from Fuliza last year alone, averaging about 6 transactions per second. 🤔 What does this mean for you? 1️⃣ When you opt for overdraft facilities like Fuliza, a portion of the fees goes to external providers, leaving you with little to no return on your investment. 2️⃣ Meanwhile, your SACCO's funds may be idling in bank accounts or, at best, invested in money market funds, missing out on potential dividends. 💡 So, before you hit that overdraft button next time, pause and reconsider. Why not borrow from a source where you can also earn dividends? Let's strive for smarter financial decisions! 💪 #MondayInspiration #ThoughtLeader #SACCOs Enjoy this? ♻️ Repost it to your network and follow Tom Kimani for more. Want to go deeper? Book a demo with Presta Technologies and let's empower your SACCO today! https://lnkd.in/dwiyWcka

Paysafe reported strong Q2 earnings with revenue increasing 9% year-over-year to $440 million. We also saw improvement across our core KPIs. The company beat analysts’ expectations and raised its revenue guidance for the full-year revenue outlook range from 7% to 8%, up from the previous 5.5% to 7%. We now expect adjusted EBITDA margins to be between 27.5% and 28%. This record revenue and performance for the quarter marks eight consecutive quarters of year-over-year growth for Paysafe, since going public in 2021. These results reinforce that that we are executing on the right strategies to transform our operations and position the company for long-term success. Read more: https://brnw.ch/21wLPck #Payments #Fintech #Paysafe #ItStartsHere

Attention all! I'm compelled to share my disappointing experience with #KreditBee, an NBFC. Despite closing my loan a year ago, I've yet to receive my NDC/NOC certificate. Despite numerous emails, they've failed to resolve this issue, merely promising to address it. I urge you all to reconsider choosing KreditBee PaySense for your financial needs. Let's ensure transparency and reliability in our financial partnerships. #Please don’t go with them!!! KreditBee PaySense #CustomerExperience #FinancialServices #NBFC #KreditBee"

The Caribbean’s Regional Credit Rating Agency, CariCRIS, has reaffirmed its high creditworthiness rating for ANSA Merchant Bank Limited (the AMBL Group) for the second consecutive year.   These credit ratings have been assigned by CariAA (Foreign Currency (FC) and Local Currency (LC)) on the regional rating scale, and by ttAA (FC and LC) on the Trinidad and Tobago (T&T) national scale.     The regional-scale ratings indicate that the AMBL Group’s level of creditworthiness, compared with other obligors within both the Caribbean and T&T, is high. Read more here: https://lnkd.in/eFn2WBw3 #ANSAMerchantBank

Mulling over something Faisel Rahman, founder of Fair Finance said at the Responsible Finance member day earlier this week - that Community Development Finance Institutions (CDFIs) are doing a great job in difficult circumstances. Echoed by Matt Smith at Key Fund Investments who talked about the significant challenges to being able to engage in long term strategic planning, due to the barriers such organisations face in the short term (particularly access to capital). A point made during a discussion on impact earlier in the day was, I think, relevant across both the CDFI and credit union sectors - the expectations around proof of impact for these sectors (either internally or externally generated) are quite different to those placed on mainstream banking institutions. We know CDFIs and credit unions face an uphill battle in scaling to meet the demand for the affordable and ethical services that they're uniquely placed to deliver. Social Investment Scotland set it out squarely in the video that was shown at the member day- there's a need for legislation to make sure mainstream institutions work with community finance providers, so that everyone gets access to the lending, and other banking services, that they need. This is where a Fair Banking Act would come in! #FairBankingForAll

At Standard Bank we are committed to supporting and partnering with our clients in their growth and #sustainability ambitions. This is why we are proud to announce that we played a leading role in successfully refinancing and upsizing a multi-currency syndicated loan facility for leading automotive company MOTUS HOLDINGS LIMITED, to the value of GBP150 million.   Acting in our capacity as Joint Initial Mandated Lead Arranger, Bookrunner and Sustainability Co-ordinator, we arranged and executed a multi-currency syndicated loan facility that will be partly used towards supporting Motus’s growth strategy.  The facility also incorporates all material aspects of the Loan Market Association’s Sustainability Linked Loan Principles to allow the facility to be classified as a Sustainability Linked facility once Sustainability Performant Targets are finalised, further aligning to Motus’ #ESG commitments.    This transaction aligns with the bank's key goal to mobilise ZAR250–300 billion in sustainable finance by 2026, and we will continue to support businesses with their growth targets to foster environmentally responsible practices across Africa. Read more here: https://lnkd.in/dS6KbwY8 Venorthy Naidoo Chanel Boxshall-Smith CA(SA) Zaid Moola Anneke Lund Gulzaar Omar Nokuthula Thuli Mothopeng Abbi Hoosen (CA) SA Leigh-Anne Kruger Simone Hutchings Alice Moropa