Less than 1 min.Read

HPD LendScape: Announces it has partnered with Emirates Development Bank

October 13, 2020

Partnered with Emirates Development Bank (EDB) to launch UAE’s National SCF platform, giving UAE businesses improved access to working capital
SCF solutions enable suppliers to gain quicker access to money they are owed, while buyers get more time to pay off their balances
New platform will offer a simple, fast and transparent way for bank lenders to onboard both buyers and suppliers
The initial phase of the project offering a payables finance solution has now gone live
The next phase set to provide a comprehensive suite of buyer and supplier centric SFC variations, including Islamic Finance products
Bringing together buyers, suppliers and banks onto one platform, the National Supply Chain Finance solution helps simplify