Search Results for: MSMEs

Southeast Asia’s Funding Societies Secures New Credit Facility with HSBC to Extend Access to MSMEs

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

IFC Targets Philippine MSMEs with $130m Loan to Asialink

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

Validus Adds $50 Million from HSBC for Online Lending to MSMEs

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

Bahrain: Labour Fund Partners with Safaghat to Support mSMEs through Crowdfunding

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

Alexandra Donnelly of C2FO: Fintech Professional Comments on the Importance of Working Capital to MSMEs

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. C2FOā€™s platform was recently cited in a policy paper presented at the G20 conference as a… Read More

Indonesian President Widodo Says Social Commerce Harms MSMEs, Conventional Markets

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

Working Capital Solutions: B20, C2FO to Focus on Services for MSMEs

C2FO, the worldā€™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

Funding Societies, CGC Digital to Support Malaysia-based MSMEs

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

ICICI Bank Introduces Indiaā€™s “First” Comprehensive Digital Ecosystem for MSMEs

ICICI Bank (BSE: ICICIBANK, NYSE:IBN) announced that it has introduced Indiaā€™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

Funding Societies Offers Sign with Singpass for MSMEs, Streamlining Digital KYC Process

Funding Societies, which claims to be Southeast Asiaā€™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

Philippines: First Licensed Securities Crowdfunding Company Investree Looks to Support MSMEs

Investree, the Philippines’ first SEC licensed crowdfunding company, is looking to support the country’s underserved MSME sector. ā€œDigital 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

Digital Transformation: Indonesia’s Bank BRI Focused on Leveraging Open Banking to Streamline Operations of MSMEs During COVID-19

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

Fintech Is Emerging as a “Crucial Means of Support” for MSMEs during COVID-19, According to the First Circle Growth Finance Team

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 Forumā€™s (WEF) official website that… Read More

Ping An’s OneConnect Teams Up With UnionBankā€™s Fintech Subsidiary UBX to Create Blockchain-Enable Platform For MSMEs in the Philippines

OneConnect Financial Technology Co. Ltd. (OneConnect), an associate company ofĀ China’s insurance giantĀ Ping An Group, announced on Monday it has formed a new partnership with UnionBankā€™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

Crowdfunding Generates $34m Fresh Funds for Small Businesses in Philippines

Crowdfunding is emerging as a viable capital-raising tool for micro, small and medium enterprises (MSMEs) in the Philippines, generating over P2 billion (about $34 million) in fresh funds for small businesses, industry sources said. The growth comes as 361 companies have tapped licensed crowdfunding intermediaries… Read More

IDB Invest Supports VPC Debt Fund to Enable Fintech Growth and Financial Inclusion

IDB Invest approved an investment of up to $50 million in Victory Park Capital (VPC) Investor Fund W, L.P., a debt fund in Latin America and the Caribbean committed to offering financial solutions for Fintechs. The fund will focus on expanding access to financing for… Read More

Fintech Platform BRISKPE Introduces Unified Platform for Cross-Border Payments

BRISKPE, a PayU-backed cross-border payment platform, has introduced a solution designed to meet the needs of MSMEs. This platform integrates account-to-account (A2A) transfers, card collections powered by PayU and PayPal, providing exporters, service providers, marketplace sellers and freelancers with “efficiency in managing international transactions.” By… Read More

Mastercard and Bank of Punjab to Transform Pakistan’s Digital Ecosystem with Fintech Solutions

Mastercard (NYSE: MA) has joined forces with the Bank of Punjab (BOP) as a partner to enhance the bankā€™s proposition across consumer debit and credit, affluent portfolio and loyalty offerings. The collab seeks to transform the banking institutionā€™s digital ecosystem and its customersā€™ digital experience…. Read More

Asian Development Bank, Mastercard to Support Asian-Pacific SMEs

The Asian Development Bank and the Mastercard Impact Fund, administered by the Mastercard Center for Inclusive Growth, have signed a memorandum of understanding to establish a partnership aimed at supporting micro, small, and medium-sized enterprises (MSMEs) across Asia and the Pacific. The initiative will initially… Read More

Bizom, Accion, Mastercard Partner to Deliver Credit to Indian SMEs

Indian retail intelligence platform Bizom has collaborated with global nonprofit Accion and Mastercard Center for Inclusive Growth, the philanthropic arm of Mastercard, to expand its digital consumer packaged goods (CPG) marketplace. The collaboration seeks to serve more than four million small retailers through embedded credit… Read More

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