The Weekly Wrap: all you need to know by Friday COB | May 15th

By Puja Sharma

The Weekly Wrap is published every Friday and recaps the week’s main stories and deals, as well as upcoming events and announcements for Prime subscribers only.

The Big Story

FIS has announced that its Supply Chain Finance Platform is supporting a $2.55 billion trade receivables securitisation programme launched by Glencore for its oil and gas commodities business, highlighting continued growth in technology-enabled structured trade finance.

The transaction was backed by a consortium of six financial institutions. The programme enables Glencore to monetise large pools of receivables in order to unlock liquidity and improve working capital management across its commodities operations.

The deployment reflects broader demand for digital infrastructure in trade finance markets, where banks and corporates are increasingly seeking greater visibility, automation and scalability across complex receivables programmes. Structured trade finance transactions often involve large volumes of counterparties, multiple jurisdictions and strict reporting requirements, increasing the importance of real-time monitoring and standardised operational workflows.

The announcement further underscores how FinTech providers are expanding beyond traditional banking systems into specialised areas of corporate finance, including supply chain finance, receivables securitisation and liquidity management. As global trade flows become more digitised, scalable infrastructure platforms are increasingly becoming central to managing complex financing arrangements across international markets.

Deals of the week

• Stitch bags $25m to modernise financial infrastructure
• Fasset secures $51m Series B to grow neobanking infrastructure
• Elliptic boosts AI compliance expansion with $120m raise
• Wolters Kluwer launches AI solution to scale advisory opportunities
• BBVA joins OpenAI’s new DeployCo venture
• Adfin raises $18m Series A to expand revenue collection platform
• Paymentology raises $175m to scale global payments infrastructure
• profitize secures €1.4m seed to expand AI financial planning
• Sindhuja Microcredit raises $5m to expand rural lending
• Antier Solutions secures $3m funding to scale blockchain infra

Be on the lookout for

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