News

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...
Member News: Nova Credit Founder Shares Finance Advice in Forbes 30 Under 30
Business Insider asked Forbes 30 Under 30 finance superstars to share their best career advice for young professionals. Loek Janssen, 29, cofounder and CTO of Nova Credit - a SME Finance Forum member - started for a Stanford graduate research project. It's gained rapid adoption since then. Now, the startup has raised $20 million to-date and is...
Accion Finance Joins 150 Other Financial Institutions to Promote SME Finance
Washington, D.C. November 6, 2018 –  Accion 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: EIB signs €375 Million Financing Agreement to Support SMEs
SME Finance Forum member, the European Investment Bank (EIB) signed a financing agreement worth €375 million with the National Bank of Egypt to fund SME investments. According to a release by EIB, the agreement is in line with the Economic Resilience Initiative, which promotes financial inclusion and the creation of sustainable employment...
Member News: Fidor and IFC partner to Expand Digital Financial Inclusion in Developing Markets
Fidor, an innovative provider of digital banking services and member of the SME Finance Forum, today signed a Memorandum of Understanding (MOU) with IFC (International Finance Corporation), a member of the World Bank Group and mangaging organization of the Forum, to identify opportunities to expand digital banking services in Africa and Latin...
Member News: Standard Chartered Bank and Ant Financial Sign MOU
Standard Chartered Bank and Ant Financial, both SME Finance Forum members, announced the signing of a Memorandum of Understanding (MOU). Under the terms of the MOU, Standard Chartered Bank will combine its banking expertise and insights in emerging markets with Ant Financial’s industry leading TechFin capabilities, to increase access to financial...
Comprehensive New Data Reassesses the MSME Finance Gap in Developing Countries
Berlin, 3 November, 2017 -- IFC, a member of the World Bank Group, pays special attention to small businesses because they are the engines of job creation and economic growth. Nine out of ten new jobs worldwide are created by small businesses, and we need nearly 3,3 million jobs every month in emerging markets by 2030 to absorb the growing...
Member Fern Software Wins UNCDF Award
UNCDF SHIFT announced the four successful proposals of the Challenge Fund Third Window, one of which was SME Finance Forum member, Fern Software, working with TransferTo in receiving the award. TransferTo operates a B2B Cross-Border Mobile Payments Network, linking money transfer operators, digital financial services operators, mobile wallets...
Afghan Tech Entrepreneur Uses Bitcoin To Empower Women
Still today, millions of women throughout the developing world don’t have access to institutional financial services because cultural stigmas linger long after the laws on the books recognize women’s rights. According to the World Bank’s Global Findex database, women in the developing economies are 20 percent less likely to have an account at a...
Starbucks, USAID to Support Young, Women Coffee Farmers in Colombia
Skills training and technological tools will be provided to 1,000 young coffee farmers in areas of Colombia that were previously affected by conflict. The initiative was launched in partnership Starbucks and the United States Agency for International Development (USAID). This is one part of a range of measures which the coffee chain says forms...