News

Member News: Experian Partners With Lenddo to use its Solution in Financial Inclusion efforts

SME Finance Forum Member Experian, the leader in global information services, will partner with Lenddo, a leader in non-traditional data solutions, as part of Experian’s Consumer Financial Inclusion Indexing platform in Indonesia and Vietnam.

News

News

Digital Lenders Association of India & PwC Publish Report on Impact of Fintech
The Digital Lenders Association of India (DLAI), a private association formed by leading Fintech companies in the online lending space such as KredX, Capital Float, Lendingkart, Finomena, Rubique, Zest Money, Indialends and Neogrowth, has released a report entitled Union Budget 2017: Impact of Digital Financial Services . The report, published in...
France’s Online Alternative Finance Doubles in Size – Crowdfunding Grows 40%
The French Crowdfunding Association (Financement Participatif France) released today the 3 rd edition of its annual industry Barometer. For the first time, the data was compiled by auditing and consulting firm KPMG , which lends to the Barometer additional weight. The association was represented, among other board members, by its chairman, Nicolas...
Member News: Ecobank Fintech Challenge 2017
Ecobank has earmarked $500,000 (about Rwf410 million) to support startups and young innovators across the African continent.The funds are part of the Ecobank Fintech Challenge 2017 meant to support young entrepreneurs on the continent.However, entrepreneurs will first convince the Pan-African lender by showcasing bankable business plans and...
Bitbond raises $1.2 million to grow SME lending platform
Global SME lending platform Bitbond today announced the closing of an equity funding round of $1.2 million (€1.1 million). This round brings Bitbond’s raised equity capital to a total of $2.3 million. Led by mobilike founder Şekip Can Gökalp, a number of business angels contributed to the round. Among them were Fyber founders Janis Zech and...
NatWest debuts digital platform for SME lending
NatWest (part of the RBS group) is set to launch a new digital platform to allow small and medium sized businesses (SMEs) to quickly obtain unsecured loans of up to £150,000. Called Esme Loans, it is in trial mode and the bank will offer fast decisions on lending applications “potentially within an hour”. There will be no early repayment charges...
Member News: Co-op Bank,Tailoring Solutions for Small Businesses in Kenya
When a fire gutted Millicent Obati’s clothing stalls in Nairobi, her uninsured business went up in smoke. She had invested her life savings as well as her dreams in the business, and had no resources to help her rebuild. Then a friend told her about the Co-operative Bank of Kenya, an IFC investee. Once she shared her story, the bank agreed to...
Member News: Experian Partners With Lenddo to use its Solution in Financial Inclusion efforts
SME Finance Forum Member Experian, the leader in global information services, will partner with Lenddo, a leader in non-traditional data solutions, as part of Experian’s Consumer Financial Inclusion Indexing platform in Indonesia and Vietnam. Using Experian’s global expertise and knowledge, the introduction of Lenddo’s technology into Experian’s...
Uganda: New Law to Allow Movable Assets as Collateral
Access to affordable credit is one of the biggest challenges Uganda is facing, which if not addressed, could hinder the country from attaining a middle status target by 2020. Experts say only 20 per cent of Ugandans own land titles which are majorly used as collateral and the 80 per cent of population have been excluded from accessing credit...
Bank Muscat continues commitment to SME development
The seminar was held in association with the Association of National Development Finance Institutions in Member Countries of the Islamic Development Bank (ADFIMI) under the auspices of HE Dr. Ali bin Masoud Al Sunaidy, Minister of Commerce and Industry. Bank Muscat is aligned with the national objective to complement and add value to the country’s...
KfW Group and GRENKE sign global loan agreement for EUR 100 million to promote SMEs
KfW Group and GRENKE AG have signed a global loan agreement for lease finance with a volume of EUR 100 million at KfW's offices in Frankfurt am Main. This allows SMEs, the self-employed and start-ups throughout Germany to benefit from the attractive leasing conditions being offered by GRENKE AG and KfW for new acquisitions. Wolfgang Grenke, CEO of...