News

Morocco Credit Guarantee Corporation Joins 150 Other Financial Institutions to Promote SME Finance

Washington, D.C. January 29, 2019 – Morocco Credit Guarantee Corporation (CCG) 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. 

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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...
Member News: Xero Partnered With Tyro, Australia’s Business-Only Bank to Enhance Its EFTPOS Solution
Tyro is able to offer flexible, same-day settlement and payroll integration to benefit Australian SMEs, due to SME Finance Forum member Xero’s accounting software. Tyro has deleted an extra step of separately processing payroll, instead merchants can submit their information directly through Xero, which is linked to a Tyro Smart Account, according...
Basware Joins 140 Other Financial Institutions to Promote SME Finance
Washington, D.C., August 14, 2018 – Basware 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 need financing to...
Member News: Xero Alongside BNZ and Joy Business Academy, Launch Interactive Game for New SMEs
Thinking of starting your own business? An interactive game allows for new business owners to test the waters by creating their own business in a virtual world. “Every year SMEs are constrained through a combination of external pressures, lack of business experience and commercial acumen,” shared Hon. Carmel Sepuloni, Minister for Social...
Member News: Mastercard And Strands Collaborate To Empower SME Banking With AI And Cutting-edge Payment Technology
Mastercard is partnering with fintech startup, Strands Finance to offer issuing banks digital cash management tools aimed at SME customers. Strands will tap into Mastercard’s BFM (business financial management) offering, which helps small firms manage accounts payables, receivables, budges and provisions. “SMEs are the backbone of the global...
Member News: Mastercard Partners with Nvoicepay B2B Payments
Nvoicepay, the leader in intelligent payment automation for the enterprise, announced a deeper strategic partnership with SME Finance Forum member Mastercard. Mastercard will support Nvoicepay’s solution as a leading choice for enterprise customers and enhance Nvoicepay’s emerging partnerships with some of the country’s top banks through the use...
Member News: Xero Makes Getting Paid Easier with New ACH Payment Integration through Stripe
SME Finance Forum member Xero, announced the next phase of its partnership with Stripe, enabling Xero customers to accept Automated Clearing House (ACH) bank transfers via its integration with Stripe. With the availability of ACH payments, Xero’s more than 1.2 million subscribers have yet another way to get paid quickly, safely and securely. “Our...
Member News: Xero, DBS to help SMEs Simplify Bill Payments
SME Finance Forum member Xero, along with DBS, have expanded their partnership to help SMEs simplify bill payments by launching an industry-first online payments solution to help start-ups and SMEs manage their cashflow needs better. The DBS-Xero payment solution addresses payment problems among SMEs caused by finance-related concerns such as cash...
Global Annual Price Tag for SME Manual Administration Tasks: $600 Billion
This study for Sage looks at the cost to small and mediumsized enterprises of administration tasks, including both operational and regulatory requirements. Analysing a survey of over 3000 companies across 11 countries, we consider whether technology can be used to reduce this burden, and how governments can encourage its take-up. The report...
Factoring services can bridge SME gap in Africa
Factoring services can bridge the gap in the financing of small and medium-sized enterprises (SMEs) in Africa by addressing the challenges the SMEs face in accessing funding for business activities. This is according to Kanayo Awani, Managing Director of the Intra-African Trade Initiative of the African Export-Import Bank (Afreximbank). Awani was...