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Mohammad Bin Rashid Fund Partners With Metis Consultancy To Support SMEs

The Mohammed Bin Rashid Fund (MBRF), a fund established by H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister and Ruler of Dubai to finance the UAE's youth and SME projects, has now set up a post-fund monitoring service for its portfolio companies.

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China Development Bank Announces Agreement to Aid African SMEs
China's Development Bank and Absa, a subsidiary of Barclays Africa, concluded a $100 million Special Facility Agreement to fund SME in Africa. The money will benefit Barclays Bank’s existing and prospective SME clients across the continent, according to Absa. The funding may be increased in the future to assist with new funding opportunities...
Mohammad Bin Rashid Fund Partners With Metis Consultancy To Support SMEs
The Mohammed Bin Rashid Fund (MBRF), a fund established by H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister and Ruler of Dubai to finance the UAE's youth and SME projects, has now set up a post-fund monitoring service for its portfolio companies. Appointing Metis Management Consultancy to carry out this special service...
PayPal to Acquire Swift Financial
PayPal has agreed to acquire Swift Financial, a leading provider of working capital solutions to small businesses in the U.S. Headquartered in Wilmington, Del., Swift Financial was established in 2006 to provide funding in order to support businesses. Since then, Swift has provided funding to thousands of growing companies in the U.S. through a...
BB, IFC to Aid Development of Bangladesh Women SME Entrepreneurs
The International Finance Corporation (IFC) has secured a deal with the Bangladesh Bank for the development of women SME entrepreneurs. IFC will provide technical assistance to develop credit guarantee scheme for women entrepreneurs under the project, "Catalysing access to finance for women SME entrepreneurs in Bangladesh”. Designed to provide...
Survey Shows Late Payments Affect SME Cashflow
In partnership with BDRC Continental, Ultimate Finance conducted research into the impact of late payments on the SME sector. The figures showed that late payments cause cashflow problems for UK SMEs. The main political parties have said they plan to end the issue with legislation such as late payment reporting. Overall, 81 percent of SMEs state...
National Australia Bank Builds SME Lending Features
The National Australia Bank (NAB) is looking to build business outside of home loans, mostly in SME lending. A recent report in The Australian revealed news that the NAB is adding new features to its small business lending unit, QuickBiz, in an effort to build market share. According to reports, NAB is rolling out an extension of the online...
Tencent Credit Score Launching Soon On WeChat & QQ
Tencent credit ratings will be available to check directly through QQ and WeChat, according to reports. While Tencent has been using its scoring in its lending businesses, it has not before made the scores available to WeChat and QQ Pay users. Their data sources for scoring are different than Ant and Alibaba in China. A more developed and widely...
Member News: Strands Expands in the United States with Huntington Bank on Board
Having collaborated on 600 product implementations with banks in some 36 countries to date, Strands’ rapid global expansion has now grown to incorporate an ambitious venture with U.S.-based bank, Huntington National Bank, reaffirming its presence in the North American market with the only fully-customizable digital money management solution in the...
EBRD Loans $2M for Female-Run Tajikistan MSMEs, Farms
The EBRD is providing a senior loan in Tajikistan currency, equivalent to US $2 million, to IMON INTERNATIONAL, the largest microfinance institution in the country. The loan will the development of women’s entrepreneurship and of agribusiness in Tajikistan. IMON is the second financial institution to join the EBRD’s Women in Business programme in...
British Business Bank Supports Tech-Focused SME Fund
British Business Bank Investments, BBB’s commercial arm, has committed €40m (£35m) to the Harbert European Growth Capital Fund II. The fund focuses on fast-growing technology SMEs, particularly those backed by venture capital firms. The Harbert fund expects to make its first investment soon. Transactions from venture capital, equity crowdfunding,...