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Publication: The Use of Alternative Data in Credit Risk Assessment: Opportunities, Risks, and Challenges
Data Analytics
Digitalization accelerated by the pandemic has exponentially increased the number and variability of alternative data sources. The stay-at-home requirements during the pandemic forced several business models to be digitized. This helped spur the digitization that had been ongoing pre-pandemic, largely driven by governments as countries sought to leverage the benefits of the digital economy. Advances in technological innovations are also facilitating the development of advanced credit underwriting models and the use of structured and unstructured data to assess creditworthiness. This has enabled the financial industry to actively integrate alternative data to gain a competitive edge. This study examines the evolution...Read more
Yemen Microfinance Network (YMN), Yemen's microfinance institutions association, an NGO co-funded by UNDP and SFD, joins the SME Finance Forum
Financial Education
Financial Inclusion
Washington D.C, March 7, 2025 – Yemen Microfinance Network (YMN) , Yemen's microfinance institutions association, an NGO co-funded by UNDP and SFD has joined the SME Finance Forum as the global membership network’s latest member. The 300+ members/affiliates 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 Yemen's microfinance institutions association. It is with great pleasure I welcome Yemen Microfinance Network to SME Finance Forum. Yemen Microfinance Network's efforts in strengthening...Read more

Kifiya

Founded in 2012, Kifiya's vision is creating equitable access to market and finacial services for micro, small and medium enterprises(MSMEs), smallholder farmers (SHFs) & low and middle-income individuals. 
 
At the center of our technology stack are: 1) an AI driven alternative data-based scoring plateform that enables MSMEs, SHFs, and Individuals to be credit scored, and 2) an embedded finance infrastructure supporting credit, payment, insurance, and wallet services that drive the development of nine platforms. Together, these technologies enable FIs, MFIs, and FinTechs to offer various types of micro and small credit, micro insurance, and payment products and services. 
 
One of our key platfoms released 18 months ago is Qena, our intelligent financial services platform with KYC+ loan origination, complete credit management and collection modules. It leverages the credit scoring platform to enable banks and MFIs provide uncollateralized digital micro and small credit to MSMes, SHFs & Individuals.
 

M1xchange

M1xchange is a TReDS (Trade Receivables Discounting) exchange that started in April 2017. M1xchange facilitates the financing of trade receivables of MSMEs from corporate buyers through ‘factoring’ or ‘invoice discounting’ by financiers (Banks and NBFC). In a short span of time, M1xchange has onboarded 65+ Banks, 2000+ corporates, and 48,000+ MSMEs and has facilitated discounting of invoices of more than Rs 160,000 Crores. Transactions on the TReDS platform happen digitally and start when the MSME Supplier of Goods & Services raises the invoice, and the Buyer validates the same. This permits the financiers (Banks/ NBFCs) to bid against the verified and approved invoice. Once the supplier accepts the bid, the payment is processed in 24 hrs. and credited to the MSMEs bank account. Through this platform, M1xchange promises MSMEs greater access to finance" at competitive rates and without providing any collateral. Further, the financing is without recourse. MSMEs pass on the risk of receivables to the financiers (NBFCs/Banks) by selling their receivables.

Business Partners

Business Partners was established in South Africa 1981, and to date has unlocked business value in over 71 000 business finance transactions, providing customized finance solutions to SMEs using debt, equity and blended finance as well as providing comprehensive technical assistance to help portfolio companies grow. Apart from our extensive experience in South Africa, Business Partners has also invested and managed various funds in East and Southern Africa over the last 20 years. The Global SME Finance Awards named Business Partners the 2019 Gold winner in the SME Bank of the Year – Africa.

Fauree, UAE’s Leading Supply Chain Finance & Working Capital Solutions Provider, Joins SME Finance Forum
Supply & Value Chain Finance
Washington D.C, March 12, 2025 – Fauree , UAE’s leading provider of supply chain finance and working capital solutions, has joined the SME Finance Forum as the global membership network’s latest member. The 300+ members/affiliates 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. "The SME Finance Forum is delighted to welcome UAE’s leading provider of supply chain finance and working capital solutions. It is with great pleasure that I welcome Fauree to the SME Finance Forum. Fauree's...Read more
Non Financial Services Innovation Hub - Solution Clinic
Non Financial Services
While there are many challenges for SMEs, there are important steps SMEs can take to build resilience, including improvements in financial literacy to navigate uncertainty. Business decisions can be challenging for SMEs if they fail to identify key metrics to measure performance and report relevant data to financial service providers. This hub will discuss how to help SMEs improve financial understanding and awareness, get relevant business advice and effectively manage liquidity and debt. On the other end, members will also tackle how financial service providers can improve their own understanding of digital disruptions in financial services​ so they can implement...Read more
G20 Global Partnership for Financial Inclusion - Action Plan for Micro, Small, and Medium Enterprise Financing
G20 Global Partnership for Financial Inclusion - Action Plan for Micro, Small, and Medium Enterprise Financing Join us on May 29 th , 2025 , at 8:00 AM EST for an insightful discussion of the G20 Global Partnership for Financial Inclusion (GPFI) Action Plan for Micro, Small, and Medium Enterprise Financing, recently released. The Action Plan The G20/GPFI for MSME Financing Action Plan is a call to action for G20 and non G20 countries to intensify their efforts to close the MSME financing gap given the potential impact on productivity, job creation and achieving the sustainable development goals. The credit...Read more
Convergence Blended Finance, the Global Blended Finance Network Driving Private Investment in Developing Countries, joins the SME Finance Forum.
Equity
Data Analytics
Washington D.C, March 26, 2025 – Convergence Blended Finance , the global blended finance network driving private investment in developing countries, has joined the SME Finance Forum as the global membership network’s latest affiliate. The 300+ members/affiliates 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 proudly welcomes Convergence Blended Finance (Convergence). Convergence’s expertise in blended finance and commitment to increasing private sector investment in developing countries align perfectly with our mission to expand financial...Read more
Vayana, India's largest Supply Chain Finance Network, joins the SME Finance Forum
Supply & Value Chain Finance
Washington D.C, April 7, 2025 – Vayana , India's largest Supply Chain Finance Network has joined the SME Finance Forum as the global membership network’s latest member. The 300+ members/affiliates 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 India's largest Supply Chain Finance Network. It is with great pleasure that I welcome Vayana to the SME Finance Forum. Vayana’s pioneering efforts in operationalizing the ITFS platform demonstrate their dedication to...Read more

Seu Ativo

Seu Ativo, founded by seasoned professionals with expertise in investments, payments, and technology, aims to develop Brazil's invoice financing market amidst regulatory transformation by the Brazilian Central Bank. Focused on MSMEs and e-invoice issuers, Seu Ativo offers a fully digital process ensuring legitimacy and unicity for e-invoices and receivables. In association w/an Payment Institution, Seu Ativo have created a unique settlement process to ensure payments reach the true owner of the receivable.

Side event on enhancing SMEs’ integration in regional value and supply chains for job creation and sustainable growth in African vulnerable countries
Supply & Value Chain Finance
Sustainable Finance
Small and Medium-sized Enterprises (SMEs) are central to Africa’s economic transformation, representing a significant share of employment, innovation and GDP. However, their integration into regional value and supply chains remains limited, particularly in vulnerable countries. This virtual side event emphasizes the importance of strengthening SMEs’ participation in regional markets as a pathway to job creation and inclusive economic growth, particularly under the African Continental Free Trade Area (AfCFTA). Co-organized with the Uganda Ministry of Trade, Industry and Cooperatives, this side event will take place during the Eleventh Africa Regional Forum on Sustainable Development (ARFSD) to address the critical role of...Read more
Policy & Regulation
Global Symposium on Credit Guarantee May 29 – 30, 2025 Credit Guarantee Fund Trust for Micro & Small Enterprises (CGTMSE) (Setup by Ministry of MSME, Govt. of India and SIDBI) This symposium organized by CGTMSE, a subsidiary of our member SIDBI. This is by invitation only for SME Finance Forum members and if you are interested in joining, please reach out to us at smefinanceforum@ifc.orgRead more
C2FO: Connecting SMEs with Equitable Access to Working Capital
Supply & Value Chain Finance
IFC and C2FO are working under a strategic partnership to bolster job growth and economic prosperity in emerging markets and developing economies. The first initiative will work to enhance financing for local enterprises in Africa by developing a specialized, web-based multinational working capital platform for micro, small, and medium enterprises (MSMEs). This initiative is IFC's first dedicated supply chain financing facility in Africa for smaller businesses, and aims to provide much-needed liquidity to MSMEs without the need for risk-based underwriting. C2FO won the SME Financier of the Year Award at the Global SME Finance Forum Awards 2024 , the...Read more
FaturamPara, Turkey's first company with both RegTech and FinTech features, has joined the SME Finance Forum
Supply & Value Chain Finance
Washington D.C, April 3, 2025 – FaturamPara , Turkey's first company with both RegTech and FinTech features has joined the SME Finance Forum as the global membership network’s latest member. The 300+ members/affiliates 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 Turkey's first company with both RegTech and FinTech features. It is with great pleasure I welcome FaturamPara to SME Finance Forum. As the exclusive authorized risk...Read more
OECD Financing SMEs and Entrepreneurs Scoreboard: 2025 Highlights
Policy & Regulation
The OECD Financing SMEs and Entrepreneurs Scoreboard: 2025 Highlights tracks financing trends, conditions and policy developments across nearly 50 countries. The paper provides official data on SME financing from 2007 to 2023, with additional insights for 2024 and early 2025, covering debt, equity, asset-based finance and overall financing conditions. It shows that SMEs continue to face a restrictive financing environment, with high interest rates and economic uncertainty leading to sharp declines in SME lending. Other financing sources, such as factoring and leasing, also showed weak performance, while venture capital investments fluctuated across markets and sectors. The shift towards smaller-scale, short-term...Read more
SME Finance Virtual Marketplace
Fintech
Empowering SMEs with Simplified ESG reporting Fintech Solutions About the Virtual SME Marketplace   Each month we are running  sessions  featuring leading small business lenders and SME growth facilitators who present their MSMEs offerings in a 7-minute pitch to an audience of potential financial institution clients and partners looking for impactful fintech solutions. Through those sessions - run by the SME Finance Forum - we foster collaboration between financial institutions, fintech companies, development finance institutions and investors. We have featured 150+ companies active in many different markets, attracted +2000 participants and generated many business leads, leading to investments, partnerships, and innovation advancement.  Topic ESG (Environmental, Social,...Read more
Information Session on Sustainable SME Financier of the Year, Global SME Finance Awards 2025
Sustainable Finance
Global SME Finance Awards 2025 Information Session on Sustainable SME Financier of the Year Be recognized, Share impact in SME FINANCE The SME Finance Forum organizes the Global SME Finance Awards (The Awards) as a core part of its mission to create a unique platform for peer connections, knowledge dissemination, and innovations in SME Finance. The Forum’s extensive 240+ global network, crowds in financial institutions, fintech companies, development banks, policymakers, and industry experts from across the globe, fostering collaboration, knowledge sharing, and partnership building on a global scale. Hence, th e Global SME Finance Awards has evolved into a pinnacle...Read more
ADAPTA, US Tech Firm Expanding AI-Driven Risk Management in Global Agriculture, has joined the SME Finance Forum
Data & Cybersecurity
Washington D.C, April 2, 2025 – ADAPTA , US Tech Firm Expanding AI-Driven Risk Management in Global Agriculture has joined the SME Finance Forum as the global membership network’s latest member. The 300+ members/affiliates 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 the US tech firm expanding AI-driven risk management in global agriculture. It is with great pleasure I welcome ADAPTA to SME Finance Forum. ADAPTA’s pioneering work in AI-driven,...Read more
Sustainable Finance
The two days program offers great insights into AKBANK’s remarkable efforts and achievements in digital design and innovation especially how the bank integrates digital technology including AI to deliver customer experiences. Serving almost one third of the SMEs market in Turkey, some of the key factors driving the bank’s significant growth in market share include: Automation and digitalization - The bank has heavily invested in automating its marketing, credit approval, and customer engagement processes, which has enabled it to be more efficient and responsive. Focus on qualified customers - The bank has deliberately targeted customers with higher credit scores and...Read more