News

World Bank's Women Entrepreneurs Finance Initiative (We-Fi) Launched with Ivanka Trump, Donors

Just three months ago, at the G20 leaders’ summit in Hamburg, Germany,the creation of We-Fi, an innovative new facility to advance women’s entrepreneurship and help women in developing countries increase their access to the finance, markets, technology, and networks necessary to start and grow a business, was announced.

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Member News: EIF Sign Partnership Deal on Romanian SME Financing
The European Investment Fund (EIF), part of the European Investment Bank Group, signed three additional SME Initiative guarantee transactions with BRD-Groupe Société Générale, with ING Bank (Bucharest Branch) and Libra Internet Bank acting as partners. The agreements with the three banks aim to facilitate access to finance for Romanian SMEs by...
Member News: Fawry Adds Mobile Payments
The Financial Times features SME Finance Forum member Fawry. Ashraf Sabry, founder and chief executive officer of Fawry, the Egypt’s oldest and biggest electronic payments company, has ambitious plans that would see Egypt’s mostly unbanked population of 94 million people carry out a broad range of financial transactions on their mobile phones...
World Bank's Women Entrepreneurs Finance Initiative (We-Fi) Launched with Ivanka Trump, Donors
Just three months ago, at the G20 leaders’ summit in Hamburg, Germany,the creation of We-Fi, an innovative new facility to advance women’s entrepreneurship and help women in developing countries increase their access to the finance, markets, technology, and networks necessary to start and grow a business, was announced. We-Fi aims to leverage...
Member News: State Bank of India New SME Assist to Provide Short-term Loans to MSME Clients
SME Finance Forum member, State Bank of India announced its the launch of SME Assist, an initiative that will start offering short term loans to its MSME customers. It will render working capital loans to MSMEs according to their input credit tax. Chief General Manager (SME), V Ramling in a press interview said that the product will help stabilize...
Small Businesses are Burying Their Heads in the Sand Over Cyber Security
A survey by Enterprise Nation says a fifth of small British companies say they still don't know how to protect themselves from potential online business risks. Released on behalf of domain firm Go Daddy, a quarter said they had experienced phishing emails and yet less than half (47%) said their website was on a secure platform. Retail was the...
Member News: AMP Credit Technologies to Unveil Newest Version of CAIROS™ Lending Suite
AMP Credit Technologies announced today the unveiling of the latest version of its proprietary Credit Analysis Information & Risk Operations System (“CAIROS™”) loan origination and portfolio servicing platform. CAIROS version 5.0 will be officially released to the public at the G-20’s Global SME Finance Forum 2017 in Berlin, 1st November 2017...
Spotcap Has Now Provided €120 Million in SME Credit Lines
In three years, online lender Spotcap has issued more than €120 million in credit lines to small and medium-sized enterprises (SMEs). The fintech also raised an additional €22 million of funding from its existing investor network. It has now raised €100 million of investment since its launch in September 2014. Jens Woloszczak, Spotcap Founder and...
Member News: Standard Chartered Bank Launches 'Women For Tech’
SME Finance Forum member Standard Chartered Bank has launched an Incubation program that seeks to finance women entrepreneurs in the ICT sector. According to reports, the program is a part of a joint partnership with iLab Africa, a division of Strathmore University. The incubation hub, called ‘Women For Tech’ is targeting women entrepreneurs who...
Bangladesh Defaulted Loans Amount to 12% of the GDP
The persistent increase in bad loans has crippled Bangladesh’s banking sector, mostly affecting the state-owned banks. However, loan defaults in the small and medium enterprise (SME) sector have been low, BB data showed. But, the amount of defaulted loans could rise this year as floods have affected the low-lying regions of the country, experts...
TEB Invests in Capacity Building for Turkish Women Entrepreneurs
Türk Ekonomi Bankası (TEB) Women Banking recently expanded its strong non-financial services offering to include two capacity building programs for Turkish women SME owners: TEB Star Cluster and TEB Grow-up Academy. With TEB Star Cluster, its Women Banking program is partnering with a coaching firm to train branch managers on business coaching...