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.  

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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...
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...
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 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...
50 Start-ups Participate in the World Economic Forum in Brazil in the framework of a New IFC and WEF Initiative
The World Economic Forum and the International Finance Corporation (IFC) selected 50 leading start-ups from Latin America, to be part of a special program during the annual regional meeting of said forum in Brazil. During the Forum, you will be able to take advantage of a wide network made up of investors and business leaders from all over the...
Member News: Mastercard to Expand Technology Hub in New York City
Mastercard jointly announced with Governor Andrew Cuomo that it will add to its New York state operations with the expansion of its New York City Technology Hub. The company will relocate its current tech hub operations to a new Flatiron location at 150 Fifth Avenue and nearly triple its work force through the creation of over 470 new jobs by 2024...
Member News: Standard Chartered Bank Launches 'Women For Tech’
SME Finance Forum member Standard Chartered Bank has launched an Incubation program that seeks to finance women entrepreneurs in the ICT sector. According to reports, the program is a part of a joint partnership with iLab Africa, a division of Strathmore University. The incubation hub, called ‘Women For Tech’ is targeting women entrepreneurs who...
PayPal to Acquire Swift Financial
PayPal has agreed to acquire Swift Financial, a leading provider of working capital solutions to small businesses in the U.S. Headquartered in Wilmington, Del., Swift Financial was established in 2006 to provide funding in order to support businesses. Since then, Swift has provided funding to thousands of growing companies in the U.S. through a...
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,...
Member News: Ripple Unveils Expanded Suite of Offerings
SME Finance Forum member Ripple has unveiled a new name for its global payments network and new solutions. RippleNet, the global payments network, has more than 90 customers and is undergoing more than 75 commercial deployments. The network’s digital asset, XRP, was listed by five new exchanges in the second quarter of this year, which resulted in...