News

Mohammad Bin Rashid Fund Partners With Metis Consultancy To Support SMEs

The Mohammed Bin Rashid Fund (MBRF), a fund established by H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister and Ruler of Dubai to finance the UAE's youth and SME projects, has now set up a post-fund monitoring service for its portfolio companies.

News

News

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...
EUR 820 Million for SMEs as EIF and ProCredit Double Support
The European Investment Fund (EIF) and ProCredit Group are providing an additional EUR 450 million to innovative small and medium-sized companies (SMEs). This brings a total of EUR 820 million to companies in eleven countries. The EIF-backed financing is now available through ProCredit banks and targets companies using new technologies and...
Member News: IDLC Offers Innovative Products for Small Investors
SME Finance Forum member, IDLC Finance Ltd., has launched its first open end mutual fund named IDLC Balanced Fund. IDLC plan is to offer 10 innovative products such as venture capital and private equity and a similar one for small investors. IDLC Balanced Fund offers fund management through skilled Fund Managers mitigating investment risk...
Member News: BNP Paribas Forms Blockchain Consortium
SME Finance Forum member, BNP Paribas along with others, has launched Liquidshare, a venture aimed at exploring distributed ledger technology and its potential to disrupt small business lending. CASEIS, Caisse des Depots, Euroclear, Euronext and S2iEM are also part of the initiative, while Paris Europlace is reportedly providing support. The...
Member News: Intesa Sanpaolo Launches Credit Partnership
SME Finance Forum member Intesa Sanpaolo, has partnered with SME lender iwoca to provide clients with credit products that will help SMEs obtain financing. The partnership coincides with an investment in iwoca by Neva Finventures, Intesa Sanpaolo’s fintech venture capital arm. Maurizio Montagnese, chief innovation officer at Intesa Sanpaolo, says...
How SMEs can fast track growth with the Enterprise Europe Network ?
The Enterprise Europe Network is described as the world’s biggest support network for SME s. The network is made up of 600 support organisations across 50 countries, covering the EU and all global markets. Business Planet travelled to Dublin to meet one small company that has benefited from the EEN . In the Irish capital’s hi-tech hub, known as ‘...
Taiwan proposes SME support plan for APEC
Taiwan is known to be powered by small and medium enterprises, which make up 98 percent of the total number of businesses, unlike the Korean economy, which conglomerates dominate. In an era when businesses perform on a global scale, trade barriers continue to disappear and regional trade pacts increase, Taiwan has drawn up a plan to help SMEs go...
Kenya: Clinic Where You Can Establish Credit Health Status of Your SME
If there is one word that banks do not want to hear from your start-up is bad loans and or default. So averse to this risk are the lenders that the traditional credit market has been wired to base loan decisions on security rather than your ability to pay. As a result, most small and medium enterprises are failing to scale up due to the difficulty...
Financial SaaS firm Xero has unveiled its new Advisor Directory platform for SMEs
Small business service providers have launched new on-demand financial resources for SMEs this year, including virtual CFO services and loads of cloud-based accounting and cash flow management tools. Financial SaaS firm Xero has unveiled its contribution to this emerging market with the launch of its new Advisor Directory, a platform through which...