Washington D.C, April 18, 2024 - Singapore-based fintech DigiAlly has joined the SME Finance Forum as the global membership network’s latest member. The 240+ members of the Forum are SME financing experts operating in 190 countries who share the common goal of expanding access to finance to small businesses worldwide through knowledge exchange and innovation.
“SME Finance Forum is delighted to welcome DigiAlly, one of the fast-growing fintech companies in Asia, into our network. I am confident DigiAlly’s expertise and dedication will enhance our ongoing mission of expanding access to financial services for SMEs. With our global network of SME-focused institutions, we strive to share knowledge, scale innovations, promote best practices, and influence policy shifts. We are proud to welcome DigiAlly join us today,” said Qamar Saleem, CEO of the SME Finance Forum.
DigiAlly is a Singapore-based fintech that aims to empower financial institutions to build innovative, high growth and low-risk SME business. Harnessing the power of AI driven Trust Score, DigiAlly fosters a true spirit of partnership by bridging the credibility gap and bring transformative changes into SME lifecycle stages for financial institutions, including onboarding, lending and compliance.
“We are thrilled to become a member of the SME Finance Forum and contribute to its mission of promoting financial inclusion for SMEs globally," said Shrikant Patil, CEO at DigiAlly. "We believe that by collaborating with like-minded organizations and sharing our knowledge and experiences, we can collectively drive positive change and create a more inclusive financial ecosystem for SMEs."
About SME Finance Forum
The SME Finance Forum was established by the G20 Global Partnership for Financial Inclusion (GPFI) in 2012 as a knowledge center for data, research, and best practice in promoting SME finance. As an implementing partner for the GPFI, the International Finance Corporation (IFC) was tasked with managing the initiative. The Forum operates a global membership network of +240 members that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs.
Discover the SME Finance Forum members: https://www.smefinanceforum.org/members/member-list
About DigiAlly
DigiAlly is a Singapore based fintech pioneering a unique Trust based Embedded Finance platform for fostering “Frictionless Credit” and ‘Frictionless Business’. DigiAlly helps Financial Institutions make faster, cheaper and better decisions during their lending journey with SMEs. DigiAlly create an AI powered Trust Score that is a representation of holistic health check of SME – proactively covering operational and market risks along with credit risk. DigiAlly assesses overall portfolio for Financial Institutions across the value chain and assists them optimize collections through Continuous Portfolio Monitoring. Our “embedded trust” powers global use cases across SME lending, supply chain assessment, cross-border payments, insurance and commercial leasing.
DigiAlly was selected to join the inaugural class for the Mastercard Start Path Small Business program, which is dedicated to empowering small and medium sized businesses (SMEs) to build, run and grow through cutting-edge technology. The program provides access to hands-on mentoring, co-innovation opportunities and engagement with Mastercard’s global network of banks, merchants, partners and digital players to help scale their business. The startup is now partnering with Mastercard to deepen the relationship beyond the Start Path program.
Learn more: Website: https://www.digially.ai/ Linkedin: https://www.linkedin.com/company/digiallyglobal/ https://www.linkedin.com/in/shrikant-patil-digital-innov/