Latest news with #factoring
Zawya
22-07-2025
- Business
- Zawya
Nice Deer receives FRA approval to launch Egypt's first digital factoring platform for medical claims
Cairo, Egypt – Nice Deer, a leading innovator in Egypt's health insurance technology (InsurTech) sector, proudly announces it has received official approval from the Financial Regulatory Authority (FRA) to establish Nice Deer for Financial Solutions Egypt's first fully digital non-banking financial institution (NBFI) dedicated to providing factoring services for deferred medical insurance claims. This regulatory milestone enables Nice Deer to offer real-time, structured financing to medical service providers, converting delayed insurance receivables into immediate cash. The goal is to directly address one of the most pressing challenges in the healthcare ecosystem: liquidity shortages due to delayed claim settlements. 'This license is more than just an operational milestone,' said Engy Shalash, Co-founder and Chief Marketing Officer of Nice Deer. 'It's a pivotal step toward creating a more agile and efficient model within the health insurance system. We're not just financing, we're resetting the market's tempo in favor of every provider who has long waited for their dues. Smart financing builds a faster, fairer economic cycle for the entire ecosystem.' With Egypt's medical insurance market valued at over EGP 300 billion annually, Nice Deer aims to factor EGP 500 million in medical claims within the first two years of operations. Delayed payments from insurance companies and Third-Party Administrators (TPAs) continue to place a heavy financial burden on healthcare providers. This often prevents providers from joining insurance networks, affects service quality, and contributes to low insurance penetration across the country. Nice Deer's digital factoring platform solves this problem by offering instant liquidity, backed by its proprietary AI-powered credit scoring engine, which analyzes real-time claims data, medical approvals, and utilization patterns. 'Financing is no longer a secondary option in the health insurance ecosystem; it's a strategic necessity,' said Mostafa Medhat Hussien, CEO of Nice Deer. 'Providers have long suffered from the time gap between service delivery and revenue collection, often forcing them to treat insurance patients differently from cash patients. Our platform uses integrated AI intelligence to assess risk with precision, streamline factoring decisions, and deliver a scalable, secure financial model, laying the foundation for a value-based healthcare system that prioritizes both better patient outcomes and provider sustainability.' Nice Deer's mission goes beyond simply offering financial liquidity. The company is actively building a new financial infrastructure for Egypt's healthcare sector, one designed to address longstanding inefficiencies and enable long-term sustainability. Through its digital platform, Nice Deer aims to improve cash flow for medical service providers, expand insurance penetration nationwide, and convert delayed, credit-based transactions into immediate cash settlements. By doing so, it seeks to encourage broader provider participation in payer networks and support the development of a more resilient, value-based healthcare ecosystem powered by smart, data-driven financial tools.
Yahoo
17-07-2025
- Automotive
- Yahoo
Ryan Transportation gets $2.5M in fresh financing
This story was originally published on Trucking Dive. To receive daily news and insights, subscribe to our free daily Trucking Dive newsletter. Ryan Transportation, a longstanding truckload transportation provider, recently received a $2.5 million factoring facility from TAB Bank, according to a July 2 press release. The company aims to improve its cash flow and working capital through the deal. Founded in 1970, Ryan Transportation is based in Livonia, Michigan, a western suburb of metro Detroit — not to be confused with the Overland Park, Kansas-based company with the same name. The company recently reported 50 drivers, according to Federal Motor Carrier Safety Administration records, and provides transportation services for the automotive industry and select suppliers with a specific focus on the Great Lakes region, according to its website. The company has three divisions: Cavalier Cartage, a city division serving the Detroit Commercial Zone; AXI Truckload, its interstate TL operation; and industrial switching, which provides onsite switching services. In recent months, both the trucking and automotive industries have been challenged by tariffs, manufacturing weakness and ongoing inflationary pressures. A series of bankruptcies has also occurred as several trucking firms work to restructure their debts. For companies trying to stay afloat, factor financing isn't reliant on their creditworthiness, but rather the creditworthiness of their customers. Factoring allows a business to sell its outstanding invoices as borrowing collateral, per Investopedia. A business buys the invoices and typically charges a fee to compensate for the risk of default by the borrowing company's customers. In exchange, the borrower gets immediate liquidity, which can make a big difference in its short-term financial situation. 'TAB Bank offered us a straightforward financing solution that optimized our cash flow and enhanced our working capital, enabling us to keep our focus on running our business effectively,' Jennifer Orow, CFO at Ryan Transportation, said in the release. Recommended Reading Fed on hold to see if tariff-induced inflation persists, Powell says Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-07-2025
- Automotive
- Yahoo
RXO Offers Factoring and LoadPay to Carriers Through Expanded Relationship with Triumph
DALLAS and CHARLOTTE, N.C., July 10, 2025 (GLOBE NEWSWIRE) -- RXO (NYSE: RXO), a leading provider of asset-light transportation solutions, and Triumph (Nasdaq: TFIN), a financial and technology company focused on payments, factoring, intelligence and banking solutions for the transportation industry, today announced the expansion of their relationship to deliver new financial tools and services to carriers. RXO has launched RXO Extra | Factoring, a Triumph-powered offering that includes Factoring as a Service™ and LoadPay™, Triumph's digital banking solution for carriers. The services provide carriers, even those that don't haul for RXO, with access to seamless factoring and fast, reliable payments, including same-day payments, on approved invoices. They are available 24 hours a day, seven days a week, including weekends and holidays. 'Our expanded relationship with Triumph is enabling us to provide carriers with even more ways to improve their efficiency and profitability,' said Lou Amo, president of RXO's truck brokerage business. 'RXO Extra | Factoring allows carriers to get paid by RXO and other freight providers more quickly and easily.' Factoring as a Service (FaaS) is a white-labeled solution powered by the Triumph Network that enables brokers to offer branded factoring and payment services directly to carriers. It combines Triumph's funding and technology infrastructure to help brokers improve carrier cash flow and strengthen relationships. LoadPay is Triumph's purpose-built digital bank account for carriers, allowing payments to be received in minutes on approved invoices. RXO currently uses Triumph's audit and payment capabilities. RXO Extra | Factoring is part of RXO Extra™, a loyalty program and discount marketplace for carriers. By hauling loads through RXO Connect®, carriers rise through loyalty tiers to earn more savings and bonuses on loads. In addition, through industry partnerships, RXO Extra offers carriers discounts on fuel, maintenance and tires, retail, and more. 'RXO continues to demonstrate its commitment to the carrier community by delivering tools that simplify operations and improve cash flow,' said Aaron P. Graft, founder and chief executive officer of Triumph Financial. 'We're proud to expand our work with RXO and help carriers across their network transact confidently.' Carriers can learn more about RXO Extra | Factoring by visiting About Triumph Triumph (Nasdaq: TFIN) is a financial and technology company focused on payments, factoring, intelligence and banking to modernize and simplify freight transactions. Headquartered in Dallas, Texas, its portfolio of brands includes Triumph, TBK Bank and LoadPay. About RXO RXO (NYSE: RXO) is a leading provider of asset-light transportation solutions. RXO offers tech-enabled truck brokerage services together with complementary solutions including managed transportation and last mile delivery. The company combines massive capacity and cutting-edge technology to move freight efficiently through supply chains across North America. The company is headquartered in Charlotte, N.C. About LoadPay LoadPay is a modern digital banking solution built for the freight industry. Designed to help carriers better manage their cash flow, LoadPay offers fast and flexible access to funds, along with tools specifically tailored to meet the demands of transportation businesses. LoadPay is a product of TBK Bank, SSB d/b/a Triumph, a financial and technology company focused on modernizing and simplifying freight transactions. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the federal securities laws. Investors are cautioned that such statements are predictions and that actual events or results may differ materially. Triumph Financial's expected financial results or other plans are subject to a number of risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" and the forward-looking statement disclosure contained in the Company's Annual Report on Form 10-K, filed with the Securities and Exchange Commission on February 11, 2025. Forward-looking statements speak only as of the date made, and Triumph Financial undertakes no duty to update the information. Source: Triumph Triumph Investor ContactLuke Wyse, lwyse@ Triumph Media ContactAmanda Tavackoli, atavackoli@ RXO Media ContactNina Reinhardt, RXO Investor ContactKevin Sterling, in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
08-07-2025
- Business
- Associated Press
Apex Capital Corp Launches Apex Equipment Financing to Help Clients Grow
FORT WORTH, TX / ACCESS Newswire / July 8, 2025 / Apex Capital Corp, industry recognized as America's Favorite Factor, proudly announces the launch of Apex Equipment Financing, powered by Keystone Equipment Finance Corp., a new product designed to help factoring clients grow their businesses by financing the equipment they need to operate efficiently and expand their Capital Corp logo Through a strategic partnership with Keystone Equipment Finance Corp, Apex Capital is now offering flexible, competitive equipment financing specifically tailored for its factoring clients. Whether businesses are looking to invest in new or used trucks, trailers, construction equipment, or other heavy machinery, Apex Equipment Financing provides a powerful solution to keep operations moving forward. 'We're committed to developing new products and services that support the success of our clients,' said Sherry Leigh, Chief Product and Marketing Officer of Apex Capital Corp. 'We're excited to launch Apex Equipment Financing because we're not just helping businesses secure the tools they need - we're helping our clients unlock new opportunities for growth.' Designed with client success in mind, the program offers a host of benefits: With personalized support, quick approvals, and a streamlined process, Apex Capital continues to uphold its commitment to making business easier for clients - now with the added power of equipment financing. About Apex Capital Founded in 1995, Apex Capital is a full-service factor that specializes in small to medium-sized trucking companies, freight brokers, the construction industry, oilfield factoring, and more. Apex buys invoices and provides industry-recognized customer service, credit checks, 24/7 factoring, the blynk® digital payment platform, a Mobile Factoring® app, a free load board, the Apex Fuel Card, and many other benefits to its clients. To learn more about Apex Capital, visit or call 800-511-6022. Contact Information Mario Tarradell Senior Bilingual Communications Specialist [email protected] 817-258-5020 Sherry Leigh Chief Product and Marketing Officer [email protected] 817-665-2637 SOURCE: Apex Capital Corp press release
Associated Press
25-06-2025
- Business
- Associated Press
Apex Capital Corp Achieves Industry-Leading NPS Score of 90, Reinforcing Commitment to Exceptional Client Service
Setting the Standard in Factoring with Unmatched Customer Satisfaction FORT WORTH, TX / ACCESS Newswire / June 25, 2025 / Apex Capital Corp, America's favorite factor and trusted partner to trucking companies nationwide, proudly announces an outstanding Net Promoter Score (NPS) of 90. The NPS metric, which measures client loyalty and the likelihood of recommending a company's services, is widely recognized as a gold standard for customer satisfaction. This achievement reflects Apex's unwavering dedication to delivering excellent customer service and innovative financial solutions for businesses. Apex Capital Corp Sets New Standard for Client Satisfaction Apex Capital Corp's NPS of 90 places the company among the elite in the financial services sector, far surpassing industry averages. This remarkable score reflects Apex's ongoing commitment to building lasting relationships, providing transparent funding, and supporting clients with world-class service at every step. 'Our clients are at the heart of everything we do,' said Chris Bozek, President of Apex Capital Corp. 'Achieving an NPS of 90 is a testament to our team's relentless focus on helping trucking companies of all sizes succeed. We are honored by the trust our clients place in us and remain dedicated to delivering the personalized support and fast funding that sets Apex apart.' Why Trucking Companies Choose Apex Capital Corp Apex Capital Corp has built its reputation providing fast, flexible factoring solutions and a suite of value-added services. Key benefits include: Same-Day and 24/7 Factoring: Get paid fast overnight, on weekends, 365 days a year. No Hidden Fees: Transparent pricing ensures clients always know what to expect. Dedicated Account Managers: Personalized support from industry experts who understand your business. About Apex Capital Founded in 1995, Apex Capital is a full-service factor that specializes in small to medium-sized trucking companies, freight brokers, the construction industry, oilfield factoring, and other related services. Apex buys invoices and provides industry-recognized customer service, credit checks, 24/7 Factoring, the blynk® digital payment platform, a Mobile Factoring® app, a load board, the Apex Fuel Card, and many other benefits to its clients. To learn more about Apex Capital, visit or call 800-511-6022. Contact Information Mario Tarradell Senior Bilingual Communications Specialist [email protected] 817-258-5020 Sherry Leigh Chief Product and Marketing Officer [email protected] 817-665-2637 SOURCE: Apex Capital Corp press release
