News

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. 

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News

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: IDB Will Invest US $50 Million in SME Projects Throughout Jamaica
SME Finance Forum member, Inter-American Development Bank (IDB) will invest US $50 million a year towards, tourism, infrastructure, transportation, ports, roads, as well as in the financial sector projects in Jamaica. The investment is through IDB’s invest arm, according to the article, IDB Invest. “This latest expanded financial framework from...
IFC Supports Kyrgyzstan In First institutional Private Equity Fund
The funds backed by World Bank’s International Finance Corporation (IFC) will go towards supporting Highland Capital’s efforts towards increasing access to finance for SMEs in the Kyrgyzstan. Key areas include services, healthcare, education and media, according to the article. With a goal of raising $30 million, Highland Capital has raised $15...
Member News: DBS Launches Website to Aid SMEs with Digital Adoption
The 99 Percent campaign is back to help SMEs go digital. The campaign, launched by DBS, a SME Finance Forum member, and Singtel will help strengthen SMEs online presence. In addition to digital support there will be a new business-to-business (B2B) marketplace available for SMEs, which is set to launch at the end of 2018, with the help of DBS...
Member News: BNP Paribas Asset Management to Launch UK SME Direct Lending Fund
SME Finance Forum member, BNP Paribas Asset Management (BNPP AM) (the investment side of BNP Paribas) will offer investors access to the lending market for UK SMEs. The funds will invest in senior loans, to SMEs that have an annual turnover of less than €50 million. Head of UK sales, Philip Dawes shared, “The launch of this fund is therefore...
CEB Joins 140 Other Financial Institutions to Promote SME Finance
Washington, D.C., July 11, 2018 – The Council of Europe Development Bank (CEB) 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...
Fintechs Wanted: Invitation to the Fintech Marketplace at the MFC-EMN Annual Conference
Fintech companies and tech providers working in the field of innovative solutions for financial institutions are invited to participate in the Fintech Marketplace during the MFC-EMN Annual Conference . The Fintech Marketplace will provide an opportunity to present its business and services and facilitate networking with financial institutions,...
Member News: Ant Financial Invests $185M In Parkistan’s Telenor Microfinance Bank
Telenor Group has reached a strategic partnership agreement with Ant Financial Services Group (“Ant Financial”) in Pakistan, where Ant Financial will invest USD 184.5m for a 45% stake in Telenor Microfinance Bank (“TMB”), a subsidiary of Telenor Group, to further develop TMB’s mobile payment and digital financial services. The strategic...
Orabank SME
OraGroup, the holding company of the African banking group Orabank, has received EUR 40 million following the financing agreement signed with the Islamic Corporation for the Development of the Private Sector (ICD) - a SME Finance Forum member - in December 2017. These funds will enable Oragroup, through its subsidiary and branches in Côte d'Ivoire...
Member News: BPI Looking to Raise P50B from Rights Offer
SME Finance Forum member Bank of the Philippine Islands (BPI) said it looks to raise P50 billion through a stock rights offering to finance expansion. According to the Manila Times, BPI said in a disclosure that the proceeds from the stock rights offer would finance a plan to accelerate lending activities across the consumer, small and medium...