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
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 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’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
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. C2FOās platform was recently cited in a policy paper presented at the G20 conference as a… Read More
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
C2FO, the worldās 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
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 (BSE: ICICIBANK, NYSE:IBN) announced that it has introduced Indiaās “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, which claims to be Southeast Asiaās 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
Investree, the Philippines’ first SEC licensed crowdfunding company, is looking to support the country’s underserved MSME sector. āDigital 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
PT Bank Rakyat Indonesia Tbk (Bank BRI), one of Indonesiaās largest financial institutions, is reportedly integrating three core ecosystems (market, digital, village), in order to accelerate the digital transformation of the countryās micro, small and medium enterprises (MSMEs) sector. Bank BRI is a 70% government-owned… Read More
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 Forumās (WEF) official website that… Read More
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 UnionBankās 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 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 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
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 (NYSE: MA) has joined forces with the Bank of Punjab (BOP) as a partner to enhance the bankās proposition across consumer debit and credit, affluent portfolio and loyalty offerings. The collab seeks to transform the banking institutionās digital ecosystem and its customersā digital experience…. Read More
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
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
Crowdfund Insider is the leading news website covering the emerging global industry of disruptive finance including investment crowdfunding, Blockchain, online lending, and other forms of Fintech.
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