Commercial finance company FGI has raised $140m in new financing from new equity investors.
The company provides customised financing and risk management tools, focusing on cross-border lending and has developed FGI T.R.U.S.T. a web-based credit insurance management.
The products provide a real-time, web-based credit insurance management platform utilized by both companies and financial institutions to ensure compliance of credit insurance policies.
President and CEO of FGI Worldwide David DiPiero says, “FGI is known for its commitment to providing international working capital financing, and credit & risk management solutions to support the growth and financial needs of small-and-medium-sized enterprises globally.”
“This recapitalization provides FGI with sufficient capital to continue to build on this mission, as well as continue to partner with banks and financial institutions globally to safely increase their own international exposure.”
In June Banco de Mexico revamped its risk management technology, replacing its legacy risk management software with Finastra’s Fusionrisk.
Copyright FinTech Global 2017