Washington, D.C., February 20th, 2020 – WeBank 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. 

“40 percent of small and medium businesses worldwide struggle to get access to the credit and capital that they need to grow their enterprises. We are delighted to welcome WeBank to our network of more than 170+ members who are working to eliminate the finance gap for SMEs,” said Matthew Gamser, CEO of the Forum. 

WeBank became China's first digital bank in December 2014 upon receiving its banking license. The bank is backed by reputable companies such as Tencent, Baiyeyuan and Liye Group among others. “We are looking forward to sharing knowledge and technology experience from China, and to exploring collaboration opportunities with the SME Finance Forum network and to helping promote financial inclusion, “ said Henry Ma, EVP, and CIO of WeBank.

To see all SME Finance Forum members, please visit: https://www.smefinanceforum.org/members/member-list

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. 

About WeBank
WeBank became China's first digital bank in December 2014 upon receiving its banking license. The bank is backed by reputable companies such as Tencent, Baiyeyuan and Liye Group among others. WeBank is devoted to offering underbanked individuals and SMEs with a variety of convenient and high-quality financial services.

Media Contact
Carina Carrasco
ccarrasco@worldbank.org