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United Commercial Bank Limited Joins 150 Other Financial Institutions to Promote SME Finance

Washington, D.C. December 11, 2018 – United Commercial Bank (UCB) Limited 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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JD Finance Joins 150 Other Financial Institutions to Promote SME Finance
Washington, D.C. December 3, 2018 – JD Finance 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...
France’s Alternative Finance Grows by 50%
Crowdfund Insider reports that the annual Alternative Finance & Crowdfunding Barometer compiled by KPMG for the French Crowdfunding Association (Financement Participatif France, FPF) shows that in 2017 the French Alternative Finance market grew by 50 percent, driven by SME lending growth, and came close to the billion euro mark, at €940...
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,...
EIB EIF Announce 18.5M
A SME Finance Forum member, European Investment Bank Group (EIB), announced that it will provide €18.5 million to back a joint investment fund designed to lend money to SMEs through the crowdlending platform Lendix. Funding through the European Investment Fund (EIF), this is the second deployment of EIF funds through a lending marketplace to...
Mohammad Azaqeer, Syrian Refugee receives SME Loan
In the last 12 years, the growing global community of 1.6 million lenders has crowdfunded nearly $1 billion in loans to 2.4 million entrepreneurs in 82 countries. Two former Syrian business owners received SME loans through Kiva, an online platform for crowdfunding loans to small-scale entrepreneurs around the world. With that financial support,...
Crowdfunding, the solution for SMEs in South Africa?
In 2015, the South African Institute of Chartered Accountants (Saica) published the Small and Medium Enterprises (SMEs) Insights Report. The report provided meaningful insight into the depressed economic environment stifling SME growth and explored ways to improve opportunities for SMEs in South Africa. The report identified the greatest obstacle...
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...
Singaporean Fintech Company, Funding Societies Erases Borders with an Online Lending Platform
In January last year, Riza Fansuri was in a quandary. The 37-year-old, who runs a small food supplier in a Jakarta suburb, wanted to develop new products, but that would take money. He tried applying for loans at banks, but they all turned him down because he could not provide sufficient collateral. Desperate for help, he turned to a website for...
Dubai To Open Up To Crowdfunding Platforms, As Part Of Fintech Push
The regulator of offshore financial hub the Dubai International Financial Centre (DIFC) is preparing to license loan-based crowdfunding platforms for the first time. The Dubai Financial Services Authority (DFSA) has begun a consultation process on its proposed framework for the sector, which is also sometimes known as peer-to-peer lending. The...
P2P lending: The Real Benefits and Ways to Mitigate Risk
The internet has changed many things around us. Almost nobody buys audio or video CDs today; we get them online or on Netflix at a fraction of the cost. When was the last time you met someone who sent his/her résumé through post? We all send it at no cost, through job portals/boards. We are all adopting a similar methodology to book a holiday,...