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1 day agoNivoda secures $60m financing facility to ease jewellery retailers' working capital crunch
Nivoda, the B2B diamond and gemstone marketplace, has secured a $60 million financing facility from i80 Group to provide embedded trade credit to jewellery retailers across more than 70 countries. The deal addresses a critical shortage of working capital in the diamond industry after traditional lenders retreated from the sector, leaving small and mid-sized retailers struggling to finance inventory purchases.
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