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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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Member News: CreditEase’s Key Fintech Investment NAV, Partners With Clover to Provide SMEs with Free Credit Scores
NAV a key fintech investments of SME Finance Forum member CreditEase has entered into a multi-year partnership with Clover, to provide free business credit scores, custom-tailored business financing and credit card options to U.S. based Clover users. According to the article, this partnership will provide 75,000 Clover customers to: View Experian...
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...
Member News: EIB Signs Loan Agreement with CBA
SME Finance Forum member European Investment Bank signed a €50 million loan agreement with the Central Bank of Armenia (CBA) to finance SME projects in the areas of, exports, tourism, agriculture and processing of agricultural products. “The projects will push the local business towards competitive and sustainable development, at the same time...
Member News: AfDB Provides $50 Million to Women-Owned SMEs
SME Finance Forum member African Development Bank (AfDB) provided a $50 million credit to Fidelity Bank Plc. to support SMEs, with a minimum of 30 percent of the credit going towards women-owned enterprises in Nigeria. According to the article, the credit will benefit SMEs in manufacturing, health and education sectors. The loan is expected to...
Sinapi Aba Trust Joins 150 Other Financial Institutions to Promote SME Finance
Washington, D.C. October 23, 2018 –  Sinapi Aba Trust (SAT) 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...
Member News: BBVA Releases New Services in the U.S.
SME Finance Forum member, BBVA launched a full suite of Banking as a Service (BaaS) products in the U.S. through its open platform initiative. According to the article, the initiative enables third parties to integrate payments and complementary banking services into their own business models to create ideal user experiences. “The past six months...
Member News: Diamond Bank’s BETA Account Increases Access to Finance for Women
SME Finance Forum member Diamond Bank is helping women plan for the future with its BETA savings account. According to the article, providing access to financial services can improve a women’s earning potential, depart from poverty and reduce inequality worldwide. Almost one billion women around the world, don’t have access to savings, credit or...
Member News: Mastercard Partners with Zoho to Launch ‘SME in a Box’
SME Finance Forum member, Mastercard collaborated with cloud solution provider Zoho, to provide ‘SME in a Box.’ The solution provides easier payments, manage GST compliance and back-office operations. According to the article, the new solution will allow 73 million SMEs in the country to receive or make payments through all digital forms including...
IFC and Alipay Partner to Launch Inclusion Programme to Motivate Technology Leaders in Emerging Markets
The International Finance Corporation (IFC), a member of the World Bank and SME Finance Forum member, Ant Financial Services Group (Ant Financial), operator of Alipay, have collaborated to offer 10X1000 Tech for Inclusion Programme. The initiative is aimed to increase support for tech leaders working to eliminate poverty and provide basic...
Development Bank of Nigeria Joins 140 Other Financial Institutions to Promote SME Finance
Washington, D.C. October 16, 2018 – The 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. “200 million businesses...