News

Basware Joins 140 Other Financial Institutions to Promote SME Finance

Washington, D.C., August 14, 2018 – Basware became the newest member of the SME Finance Forum, a global membership network that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs. 

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News

Basware Joins 140 Other Financial Institutions to Promote SME Finance
Washington, D.C., August 14, 2018 – Basware became the newest member of the SME Finance Forum, a global membership network that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs. “200 million businesses worldwide need financing to...
The Mastercard Center for Inclusive Growth is using technology to help entrepreneurs grow their business. Micro-entrepreneurs are excluded from the traditional financial system due to their cash-based transaction system and are unable to build trust among financial institutions. According to the article, “As of 2017, 70 percent of women-owned...
Member News: Common Wealth Bank Partners with Tech Giants to Deliver SME-Driven Program
The Common Wealth Bank of Australia (CBA) teams up with Amazon, Google, Salesforce, Mastercard, Phoria and UsTwo, to provide a program that encourages the use of digital technologies. The program aimed at SMEs in Victoria is geared toward helping them embrace innovation. The announcement was revealed at the Small Business Festival, where CBA is...
DBS Joins 140 Other Financial Institutions to Promote SME Finance
Washington, D.C., August 7, 2018 – DBS became the newest member of the SME Finance Forum, a global membership network that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs. “200 million businesses worldwide need financing to invest...
Member News: CBA Mobile App Lending Rises to Sh3 Million
The Commercial Bank of Africa (CBA) now has the highest mobile phone loan, allowing their customers to borrow Sh3 million digitally. The Loop platform, received an upgrade and now allows customers to apply for loans. With default rates at less than ten percent, bank execs are more trusting to move in the direction of the mobile money movement.The...
Member News: EIB signs €375 Million Financing Agreement to Support SMEs
SME Finance Forum member, the European Investment Bank (EIB) signed a financing agreement worth €375 million with the National Bank of Egypt to fund SME investments. According to a release by EIB, the agreement is in line with the Economic Resilience Initiative, which promotes financial inclusion and the creation of sustainable employment...
EU Funding Expansion of EBRD Women in Business Programme to Morocco
The European Bank for Reconstruction and Development (EBRD) is extending its reach, offering women-led SMEs in Morocco financial literacy, marketing, leadership skills and e-commerce through their Women in Business Programme. According to the article, the program funded by the EU Initiative for Financial Inclusion has a goal to impact 200,000...
Member News: Xero Alongside BNZ and Joy Business Academy, Launch Interactive Game for New SMEs
Thinking of starting your own business? An interactive game allows for new business owners to test the waters by creating their own business in a virtual world. “Every year SMEs are constrained through a combination of external pressures, lack of business experience and commercial acumen,” shared Hon. Carmel Sepuloni, Minister for Social...
Member News: EIF Partners With Erste Bank to Offer SME Support in Montenegro
SME Finance Forum member The European Investment Fund (EIF) signed the first InnovFin SME Guarantee Facility agreement in Montenegro with Erste Bank AD Podgorica to support innovative SMEs. The InnovFin Agreement will protect 50 percent of each loan distributed by Erste Bank and is expected to trigger a total loan portfolio of up to €30 million. “...
Member News: BNP Paribas Asset Management to Launch UK SME Direct Lending Fund
SME Finance Forum member, BNP Paribas Asset Management (BNPP AM) (the investment side of BNP Paribas) will offer investors access to the lending market for UK SMEs. The funds will invest in senior loans, to SMEs that have an annual turnover of less than €50 million. Head of UK sales, Philip Dawes shared, “The launch of this fund is therefore...