Briefs: Invoice Finance Group gets UK backer, Money3 to change name 17 October 2022 5:56AM Banking Day staff UK finance company WeDo Business Services has taken a stake in local company Invoice Finance Group. IFG said the investment would add to its funding capacity and allow it to develop new products. The parties did not spell out the details of the deal. Both companies provide invoice finance for business customers. WeDo also offers trade finance, start-up funding, back office and payroll support, and IT services. Auto finance specialist Money3 is changing its name to Solvar Ltd. The company has expanded by acquisition in recent years and now operates under three brands – Money3, Automotive Financial Services and Go Car Finance. It said it wants a name that represents all brands in its portfolio. Shareholders will be asked to approve the change at the company’s annual general meeting on November 16.