News

Development Bank of Nigeria Joins 140 Other Financial Institutions to Promote SME Finance

Washington, D.C. October 16, 2018The Development Bank of Nigeria (DBN) became the newest member of the SME Finance Forum, a global membership network that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs.  

News

News

Development Bank of Nigeria Joins 140 Other Financial Institutions to Promote SME Finance
Washington, D.C. October 16, 2018 – The Development Bank of Nigeria (DBN) became the newest member of the SME Finance Forum, a global membership network that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs. “200 million businesses...
Member News: Funding Circle Partners on New Reporting Platform
SME Finance Forum member, Funding Circle partnered with top fintech reporting and analytics platform, dv01. According to the article, the partnership will allow institutional investors who use dv01 to conduct analysis on marketplace lending and mortgage loans and bonds to access Funding Circle's US SME loan performance data on dv01. Investors will...
Member News: EIB Signs Agreement to Support Hungarian SMEs
SME Finance Forum member, European Investment Bank, signed four separate loan agreements totaling in €400 million that will benefit several projects. The loans are a part of the ‘Junker Plan’; one agreement worth €25 million will benefit Budapest Bank’s efforts towards increasing lending to Hungarian SMEs. “We are also pleased to sign the first...
IFC and Top Tech Firms Drive Economic Opportunities for Women
Under the new initiative, ‘Digital2Equal’ led by IFC, a sister organization of the World Bank and member of the World Bank Group, seventeen leading tech companies have joined together to support this initiative focused on increasing opportunities for women. The companies participating include: Airbnb, Inc., Google LLC, LinkedIn, Didi Chuxing...
Member News: OPIC Partners with IDB to Launch Gender-Focused Fund
SME Finance Forum member, Overseas Private Investment Corporation (OPIC) has collaborated with the and Inter-American Development Bank (IDB) Group to launch the first gender-focused fund for Latin America and the Caribbean. The investment, ‘Fund Mujer’ is for up to $200 million and will be made up of 30 percent debt and 70 percent equity,...
Member News: DBS Promotes Customer-Use of PayFast, Instant Transaction System
SME Finance Forum member DBS, is encouraging customers to use a newly launched mobile banking platform, PayFast, which is supported by Faster Payments System (FPS). The system allows customers to take on transactions instantly and around the clock. Customers are able to utilize phone numbers and email addresses to move funds without transaction...
Member News: EIF and BGK Sign Agreement to Support Cultural and Creative Focused SMEs
SME Finance Forum member, European Investment Fund (EIF) and Bank Gospodarstwa Krajowego (BGK) will support Polish SMEs with 525 million zloty (around 125 million euros) of loans over the next three years, according to the article. The new agreement will benefit almost 3,000 SMEs in the creative and cultural sectors. According to the article,...
Access to Finance Rwanda Joins 140 Other Financial Institutions to Promote SME Finance
Washington, D.C. October 9, 2018 – Access to Finance Rwanda became the newest member of the SME Finance Forum, a global membership network that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs. “200 million businesses worldwide...
Member News: Fidor Works with Afin to Launch an API Exchange
The Asean Financial Innovation Network (Afin) has launched API Exchange, a cross-border marketplace and sandbox for financial institutions and fintech firms to work together on financial inclusion projects. The organisation has put together a consortium led by IT firm Virtusa, and which includes German digital bank Fidor, which is a SME Finance...
10+ Innovative Fintechs to Demo the Global SME Finance Forum 2018
The Global SME Finance Forum 2018 will explore how innovation in technology, regulation and partnerships can help overcome various informality problems, and open up a far larger market for profitable, sustainable, responsible financial services. The TechPitch will be held in the afternoon of November 6, and will provide an opportunity for...