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Member News: Lending platform Bitbond and payments outfit BitPesa partner to boost financing for African SMEs
Global SME lending platform Bitbond and African payment services provider BitPesa announced today that they are joining forces to improve access to financing for SMEs in Africa. Bitbond, which is based in Berlin, Germany, connects fixed-income investors with small business owners who need loans. To make global cross-border lending possible, the...
Expanding access to finance for smallholders one lease at a time
In rural sub-Saharan Africa, working in agriculture tends to be an extremely labor-intensive job with high risk and low payoff . As a result, new generations of farmers and other entrepreneurs are often deterred from pursuing a career in agriculture. This leaves the agricultural industry with ageing farmers and declining agricultural production...
How we all benefit when women have access to finance
The International Finance Corporation estimates that approximately 65% of women-led small and medium enterprises (SMEs) in developing economies are either unserved or underserved financially. For a women entrepreneur, this means the odds are already stacked against the growth potential of her business. Giving women access to credit and other...
For SMEs, FinTech Is Valuable And Perhaps Mysterious
FinTech may be an evolving sector within payments, at times with so much fluidity that would-be customers may not know just what they can glean from those new companies, especially when it comes to banking and moving money across borders. In one series of statistics that speaks to at least some lack of visibility of FinTech among small to medium-...
Financial Innovations in Turkey, Interview with BKM CEO,
Could you please tell us a bit about the banking sector in Turkey? We may describe Turkish banking sector as strong, innovative, modern and well-regulated. Banks in Turkey have been highly enthusiastic about using new technologies to reach and engage with their customers. They are also very successful in adopting and launching innovative...
Efma together with SAP name SME AppsBank Award winners
Awards recognise the best mobile banking apps for SME businesses Innovative business app store supports banks in developing brand-new apps to improve their financial services to professionals and small businesses, and compete with each other for the best applications worldwide. Efma and SAP named the winners of their first-ever joint SME AppsBank...
Financial Inclusion: Is SME lending the Goldilocks of digital banking?
Can digital plug the SME credit funding gap and support financial inclusion? Lack of financing for small business has vexed policy makers around the globe for years but, by working together, banks, governments and technology companies have it within their power to solve the problem today. More than 200 million small and medium enterprises (SMEs)...
Open APIs to shake up small business banking market
The global fintech industry, with an estimated 12,000 fintechs and counting, has changed the way small businesses can manage their money in all kinds of ways. A small business in Huddersfield or Cardiff can manage online payments with Stripe, take card payments with iZettle, borrow peer-to-peer via Funding Circle, raise equity via Crowdcube,...
Risks and Returns: Managing Financial Trade-Offs for Inclusive Growth in Europe and Central Asia
This Report argues for reaching beyond increasing access to credit. Countries within Europe and Central Asia (ECA) must build integrated financial systems, enabling prudent inclusion in a region significantly lagging in the use of saving products. Striking the right balance across all dimensions of financial development (stability, efficiency,...
Untapped Unicorns: Scaling up Female Entrepreneurship
Do men make better entrepreneurs than women? A wealth of academic studies and the successes of the women who make up the Female Founders Forum would suggest not. Yet we know that a significant proportion of funding — be it at seed or Series C+ level — goes towards male founded or led companies. In 2016, the entrepreneurs network, with the support...