Search Results for: MSMEs

November 11, 2024 @ 7:22 pm By Omar Faridi  |  

Funding Societies | Modalku, theunified digital finance platform for micro, small and medium enterprises (MSMEs) in Southeast Asia today announced signing the third credit facility* with HSBC under its ASEAN Growth Fund. The transaction, an accumulative commitment of over $100 million, includes the annual credit… Read More

September 3, 2024 @ 11:05 pm By Michael Wong  |  

The International Finance Corporation (IFC), a member of the World Bank Group, has proposed an investment of up to $130 million in Asialink Finance Corp, a prominent lender to small and medium enterprises (SMEs) in the Philippines. The financing package, aimed at bolstering Asialink’s lending… Read More

August 30, 2024 @ 8:57 am By JD Alois  |  

Validus is reporting new capital from HSBC in the amount of USD $50 million. The funds will be utilized to provide online lending for micro, small, and medium enterprises (MSMEs) in Indonesia. Validus, based in Singapore, will release the funds via its subsidiary Batumbu, which… Read More

November 2, 2023 @ 8:07 pm By Michael Wong  |  

Bahrain’s Labour Fund (Tamkeen) has recently partnered with Safaghat, a crowdfunding investment platform licensed by the Central Bank of Bahrain, to offer alternative financing options to micro, small, and medium-sized enterprises (mSMEs) in the country. This strategic collaboration aims to empower Bahraini enterprises, particularly those… Read More

October 2, 2023 @ 10:19 pm By Omar Faridi  |  

We recently spoke with Alexandra Donnelly, COO for the Americas at C2FO, a US-based global Fintech whose mission is to ensure all businesses have the capital needed to thrive. C2FO’s platform was recently cited in a policy paper presented at the G20 conference as a… Read More

September 24, 2023 @ 4:11 pm By Michael Wong  |  

Indonesian President Joko Widodo, popularly known as Jokowi, raised concerns regarding the influence of social commerce platforms like TikTok Shop on the operations and sales of micro, small, and medium enterprises (MSMEs) and traditional market merchants. He opined that platforms like TikTok should stick to… Read More

September 3, 2023 @ 4:38 pm By Omar Faridi  |  

C2FO, the world’s on-demand working capital platform, is pleased to announce its collaboration with the Business 20 (B20) and inclusion in a major policy paper published at the 2023 B20 meeting in New Delhi, India. The B20 is the official dialogue forum “between the global… Read More

August 8, 2023 @ 6:07 am By Omar Faridi  |  

Small and medium-sized business (SMB) financing platform Funding Societies announced that it has teamed up with CGC Digital, the Fintech division of Credit Guarantee Corporation Malaysia (CGC) in order to support MSMEs operating across the Southeast Asian nation. Via this collaboration, CGC Digital created a… Read More

May 1, 2022 @ 6:18 pm By Omar Faridi  |  

ICICI Bank (BSE: ICICIBANK, NYSE:IBN) announced that it has introduced India’s “first” comprehensive digital ecosystem for all MSMEs in the country, “including customers of other banks.” The ecosystem “has three pillars: i) enhanced banking services for existing customers, ii) a bouquet of banking services to… Read More

April 17, 2022 @ 5:17 pm By Omar Faridi  |  

Funding Societies, which claims to be Southeast Asia’s largest SME digital financing platform, recently announced that it has teamed up Dedoco, a “decentralized” digital document and workflow management platform, in order “to become one of the first FinTech platforms to enable micro, small and medium… Read More

August 4, 2021 @ 9:41 pm By JD Alois  |  

Investree, the Philippines’ first SEC licensed crowdfunding company, is looking to support the country’s underserved MSME sector. “Digital transformation has to form a core part of recovery and future growth. We believe that every business deserves a chance to grow and we try our best… Read More

July 30, 2020 @ 11:52 pm By Omar Faridi  |  

PT Bank Rakyat Indonesia Tbk (Bank BRI), one of Indonesia’s largest financial institutions, is reportedly integrating three core ecosystems (market, digital, village), in order to accelerate the digital transformation of the country’s micro, small and medium enterprises (MSMEs) sector. Bank BRI is a 70% government-owned… Read More

July 18, 2020 @ 9:07 pm By Omar Faridi  |  

Benedict Carandang and Lee-Anne Tobias from First Circle Growth Finance, a company that offers financing services to qualified SMEs in the Philippines that sell to other businesses or government agencies, note in a blog post published on the World Economic Forum’s (WEF) official website that… Read More

July 22, 2019 @ 8:34 am By Samantha Hurst  |  

OneConnect Financial Technology Co. Ltd. (OneConnect), an associate company of China’s insurance giant Ping An Group, announced on Monday it has formed a new partnership with UnionBank’s fintech subsidiary UBX to co-create a blockchain-enable platform for MSMEs in the Philippines. According to the duo, this new partnership… Read More

June 3, 2025 @ 8:25 am By Omar Faridi  |  

The Cambridge Centre for Alternative Finance (CCAF) at Cambridge Judge Business School continues to lead the way in understanding the evolving landscape of alternative finance. Through its recent publications, the CCAF provides critical insights into the digital mining industry, the role of fintech associations, and… Read More

May 23, 2025 @ 10:19 pm By Michael Wong  |  

Google Cloud has unveiled a comprehensive suite of artificial intelligence (AI) initiatives aimed at accelerating Indonesia’s digital economy in support of the government’s Indonesia Emas 2045 vision. The move comes alongside the expansion of Google Cloud’s Jakarta region infrastructure to meet rising demand for enterprise-grade… Read More

May 11, 2025 @ 11:56 am By Michael Wong  |  

Development finance institutions Swedfund, Finnfund, and the Belgian Investment Company for Developing Countries (BIO) have jointly committed $55 million in loans to Indonesian microfinance platform Amartha, the groups said in a joint statement. The financing is part of a broader syndicated facility of up to… Read More

April 25, 2025 @ 4:34 am By Michael Wong  |  

LendMN, Mongolia’s first fully digital lending Fintech and a unit of AND Global, said it had raised $20 million in debt financing from Lendable to scale technology-driven financial services for micro, small, and medium enterprises (MSMEs) in the country. The facility marks the largest sum… Read More

April 20, 2025 @ 7:12 am By Tony Zerucha  |  

PalmPay, a digital bank and fintech platform focused on emerging markets, has launched the PalmPay Debit Card in Nigeria in partnership with Verve, an African domestic card scheme. The PalmPay Debit Card brings advanced features such as savings yield on deposits and merchant rewards within reach for mass… Read More

April 15, 2025 @ 5:17 pm By Omar Faridi  |  

C2FO, the world’s on-demand working capital platform, has announced the completion of a $30 million funding round with the International Finance Corporation (IFC), a member of the World Bank Group, and existing shareholders. This infusion of capital will help accelerate the “technical development and expansion… Read More