Articles
Oct 16, 2020
We are proud to share that our member HPD LendScape has partnered with Emirates Development Bank (EDB) to launch UAE’s National Supply Chain Finance (SCF) platform. This initiative will offer UAE businesses improved access to working capital, particularly as they cope with the added pressures of the COVID-19 pandemic. SCF solutions will enable...
Oct 15, 2020
Fyndoo is the name of a lending ecosystem, a cloud technology stack developed and owned and by our member, Topicus. They make financing accessible, efficient and transparent for all parties involved and connect financers, entrepreneurs and advisors with their cloud-based business lending platform. Lack of access to lending is a challenge for...
Oct 15, 2020
This blog has been originally posted on the World Bank Blogs website. Micro, Small and Medium Enterprises (MSMEs) play a huge role in facilitating economic development due to their flexibility and affinity to innovation. Even more so in emerging economies with a high contribution from the informal sector. Yet, MSMEs face several challenges when...
Oct 15, 2020
Our member CashDirector, an AI-enabled Digital CFO for SMEs with operations in Poland, France, Germany and Italy, is further expanding its services in Europe with the support of EIT Digital Accelerator and a recent financing round led by one of the largest Polish Investment Funds, EEC Magenta. Through CashDirector, banks obtain valuable...
Oct 15, 2020
We're proud to share that our members 4G CAPITAL GROUP Limited (“4G CAPITAL”) and Citi with the U.S. International Development Finance Corporation (“DFC”) and the Ford Foundation have collaborated to expand financial inclusion through the provision of working capital to support the growth of micro-enterprises in Kenya. 4G Capital will receive a...
Oct 07, 2020
On Wednesday September 19, 2019, our member Afriland First Bank organized a meeting between SMEs and SMIs. This was the second edition of this event which brought together around 100 Cameroonian companies. The theme of the event was “From factory to market: solutions to the challenges of production and distribution by SMEs / SMIs in Cameroon.” The...
Oct 06, 2020
Originally posted in Nanopay website In this piece, prepared by member Nanopay, Ivy Luu, Director of Liquidity Management Solutions, talks about the future of liquidity management and draws parallels between today’s crisis and the one that occurred in 2008. Continue reading here>
Sep 29, 2020
Our partner Trade Finance Global launched the Global Executive Forum Series, in a joint collaboration with the SME Finance Forum , with the first B20 / Business at OECD - OCDE Interview with Gianluca Riccio, CFA, Vice-Chair Finance Committee, Business at OECD. The COVID-19 pandemic has highlighted the world’s considerable dependence on Global...
Sep 29, 2020
This blog has been originally posted on the World Bank Blogs website. For most MSMEs, capital and wealth are concentrated in movable assets -- in the developing world, 78% of the capital stock of businesses are inventory, equipment or receivables, and only 22% land and buildings. Conversely though, lending practices in most of the developing world...
Sep 25, 2020
Women play a significant role in the development of our economy but are one of the most vulnerable groups impacted by unprecedented events. The ongoing pandemic has heightened the need to address the gender finance gap in societies around the world and drive initiatives to support them in achieving financial independence. We’re proud to see our...