Welcome to the “Digital and Innovative Financial Products and Services for MSMEs Beyond Credit” Database! The Indonesian and Indian G20 Presidency together with the Global Partnership for Financial Inclusion (GPFI) and the SME Finance Forum, have developed this living, dynamic database of successful examples of digital and innovative financial products and services for MSMEs beyond credit. These non-credit financial instruments may include digital payments, insurance, factoring, guarantees, and other risk management products. We congratulate all the institutions who already contributed their case studies, helping expand our global common knowledge. The database is open to ALL innovative interventions that target MSMEs beyond access to finance. We look forward to hearing about you and your organization’s work.
Creating a Better Banking Experience for Women led MSMEs in Kenya
Financial Institutions - Financial education, Credit guarantee, Cash management, Other - United States - Kenya Commercial Bank (KCB) via its 95 branches
A multipronged solution was co-created with components viz; a relationship management model, new cash flow-based credit assessment, non-financial business support services & strategic gender focus.
FY23 Year end Milestones and Achievements_0.jpg
Innovative B2B Market Place facilitating Invoice Financing for MSMEs
Financial Institutions - Factoring - India - 55 Financiers (Banks plus NBFC Factors - SBI, Bank of Baroda, ICICI Bank, Axis Bank, Bank of India etc) are registered with us and financing MSME invoices on the platform
A.TREDS Ltd ( platform name: INVOICEMART) has set up a innovative B2B payment solution in the form of a digital market place to solve problem of "access to credit" and "delayed payments issue"
Step 4 Business
Other - Other - - Step 4 Business Spain, Step 4 Business Brazil, Azimut Marketplace by STEP in Italy
Fully-fledged financial services ecosystem dedicated to SMEs. Instant lending, invoice discounting, FX, business financial management, insurances with a full digital process
Switcho
Fintech Companies - Savings - Italy - Switcho - Intesa San Paolo
Switcho and Intesa Sanpaolo have partnered to offer bank customers with a service to save on their energy bills
PlickOpen and PlickUp
Other - Payment - Italy - Utility companies, Insurance companies, Consumer credit companies, travel agencies
Sending of digital payment requests to anyone in the world via WhatsApp, SMS, or e-mail, which the payer can complete with alternative payment methods.
Digitization of relations between SMEs and financial institutions
Fintech Companies - Other - Italy - ADM CAPITAL SRL
Proprietary cloud platform that allows to monitor the financial situation of SMEs in real time and facilitates the exchange of data between SMEs and banks
SWB (Sicilian Wheat Bank)
Fintech Companies - Payment, Credit guarantee, Other - Italy - SWB - Sicilian Wheat Bank - La Banca del Grano SpA
SWB is a decentralized Fintech ecosystem for agrifood products. It puts farmers and food processors in direct contact, by tokenizing agrifood products (NFT would be exchanged on a DLT marketplace).
Invenium Legaltech
Fintech Companies - Payment, Cash management, Risk management - Italy - N. A.
Invenium Legaltech is the first European Legal tech innovative player focused on Export credit: an accessible web app for MSMEs, to ease international credit management to small exporters
Datasinc
Financial Institutions - Insurance, Credit guarantee, Risk management - Italy - Bank of Italy, Credit Agricole
Machine learning algorithm able to estimate energy consumption (EPC) of any building using market and casadtral data. This would help intermediaries to support "green" SMEs without an EPC.
Change Capital
Financial Institutions - Factoring, Credit guarantee, Cash management, Other - Italy - Banca Popolare di Cortona, Banca Valsabbina, Confidare, Consorzio Veneto Garanzie, Fider and Confcommercio Trento
Change Capital innovates access to credit for SMEs and individuals identifying the best financial products leveraging Artificial Intelligence.
Altilia Intelligent Automation - ESG Company Profiling
Financial Institutions - Credit guarantee, Risk management - Italy - Intesasanpaolo, Credit Agricole, Banca IFIS, DoValue
Altilia Intelligent Automation is an end-to-end Intelligent Document Processing platform designed with a AI approach to automate document processing task regardless of doment formats and complexity
ESG Automated Score
Financial Institutions - Risk management - - NDA
A synthetic, rapid and automated ESG assessment: a sustainability indicator that helps you understand the solidity of the company
CCB Huidongni digital ecosystem service platform of inclusive finance
Financial Institutions - Other - China - China Construction Bank Corporation
The “CCB Huidongni” digital ecosystem service platform provides online integrated services including credit financing, comprehensive finance and operation management to micro and small businesses.
Wise
Fintech Companies - Payment, Remittance - United States - Wise
Wise, a global payments company building the best way to move money around the world, offers SMEs a business account with everything they need to grow and operate internationally without high fees.
SiiiboSec_img_forGPFI.png
Siiibo
Fintech Companies - Cash management - Japan - Siiibo Securities Co., Ltd.
Siiibo is an online investment platform specialized in corporate bonds. The platform connects retail investors with bond issuer companies, especially startups considering venture debt in Japan.
TCL Microfinance Company Using Digital MSME solutions to support SDGs
Financial Institutions - Risk management - China - TCL Microfinance Company
TCL Microfinance Company is a subsidiary of TCL Financial Services, Funded in October 2016 with a registered capital of 1 billion RMB .
Read More
Case Study on Innovations in SME Financing Beyond Credit
- Other - India - Federal Bank Ltd
Federal Insta loans platform enables SME clients to avail digital in-principle loan sanction up to Rs. 2 crores in less than 30 minutes , after assessing the eligibility of the borrower based on the b
Read More
Leelavati – Digital Financial Inclusion of Informal Sector program.
- Financial education - India - SEWA, Ministry of Finance, Department of Economic Affairs , Fintech Partners (ROINet, PayTm, WhatsApp Business, Integra), BPO Partner (Worxpertise)
It is an innovation in financial education service to foster an increased usage of digital financial services by women engaged in informal activities, while empowering financial agencies.
Read More
aadhar cap_0.png
AceN-Navadhan: Tech-led Finance Platform for Rural MSMEs
Financial Institutions - Payment, Savings, Financial education, Credit guarantee - India - Navadhan Capital, UGRO Capital, TruCap Finance, Pinnacle Capital, Caspian Impact, Vivriti Capital, Eclear Leasing & Finance, Samunnati Financials, Augmont and 10 other industry partners for different financial services.
A fit-for-purpose tech-enabled platform for rural MSMEs, offering suite of financial services covering Loans, Savings, Insurance, Pension, and non-financial digital tools for embedded finance.
Read More
logosvarios-05.gif
Crowdlending platform for SMEs
Other - Other - Spain - More than 300 companies. You can see the cases here: https://colectual.com/proyectos-inversion/
Online platform where SMEs can borrow money for their projects and investors can fund them.
Read More
Remittance Grant Facility (RGF)
Fintech Companies - Remittance, Insurance, Other - Switzerland - Zeepay Ghana Limited, PayInc Ghana Limited, expressPay Ghana Limited, DreamOval Limited, Nsano Limited, IT Consortium Limited
The RGF was designed as a challenge fund that sought to address the operational constraints hampering the development of new remittance-related services and products.
Read More
TCX Fund
- Risk management, Other - Switzerland - The current investors in TCX are 19 multilateral and bilateral development finance institutions and microfinance investment vehicles, as well as the Dutch, German, Swiss, British, and French governments and the European Commission.
TCX focuses on providing solutions to currency risk for its investors and through commercial banks to make local currency finance available in developing countries.
Read More
SME Finance Loans for Growth
Financial Institutions - Payment - - Symbiotics
The LFG fund provided loans to SMEs in emerging and frontier markets via financial institutions active in the SME segment. Through its loans, LFG aimed to support inclusive economic growth.
Read More
InvestEU Digitalisation and Innovation Guarantee Product
Financial Institutions - Credit guarantee - Belgium - the European Investment Fund and financial intermediaries in the EU Member States
Financing to European SMEs and small mid-caps to support innovation and digitalisation-driven enterprises to help drive Europe’s economic growth and global competitiveness.
Read More
Promoting financial literacy and inclusion
Financial Institutions - Financial education, Other - - GIG CFI
Interest-free loans with share-based savings as collateral, P2P loans structured with one or multiple P2P investments, free online financial literacy training program.
Read More
Platcorp accelerates pan-African growth
Financial Institutions - Other - - Premier Credit, Platinum Credit
Credit-line includes SME financing, deduction at source and asset backed financing and its value is built on speed. All funding is instant, transferred by mobile phone-based money transfer services.
Read More
Impact assessment of EIB venture debt
Development Finance Institutions - Other - - European Investment Bank
This research analyse the impacts of EIB venture debt, designed to address the unique funding needs of fast growing innovative companies that have already raised venture capital.
Read More
Visa Tap to Phone
Other - Payment - United States - Many institutions have implemented Tap to Phone, including in developing countries. For a current list of Tap to Phone partners, please visit the Visa Ready Partner Link.
Visa Tap to Phone enables micro, small, and medium enterprises (MSMEs) to use eligible NFC-enabled devices such as Android and iOS smartphones and tablets as contactless point of sale (POS) terminals.
Read More
Enhancing financial inclusion through innovative pension products
Financial Institutions - Financial education - Ghana - People's Pension Trust Ghana
PPT’s Personal Pension Scheme is an innovative pension scheme that is designed to accelerate the financial inclusion drive for the underserved financial sector in Ghana and within West African.
Read More
210625_Amex_Kabbage_Logo_Assets_Kabbage_Logo_Kabbage_Logo_RGB.png
Kabbage from American Express
Other - Payment, Financial education, Cash management - - Prefer not to disclose - cannot release customer information
Kabbage from American Express has innovated a data and technology platform to provide U.S. small businesses digital cash flow solutions, including funding, analytics and business checking.
Read More
Tax Incentive for Individual Angel Investors in Turkey
Other - Other - Turkey - N/A
Tax support for individual angel investors is regulated in the Provisional Article 82 of the Income Tax Law No. 193
Read More
Tax Exemption for Tradesman in Turkey
Other - Other - Turkey - N/A
Tradesman exemption is regulated in Article 9 of the Turkish Income Tax Law.
Read More
Income Tax Exemption for Young Entrepreneurs in Turkey
Other - Other - Turkey - N/A
Income tax exemption for young entrepreneurs who have not completed twenty-nine years of age
Read More
Receivables Recording Center (RRC)
Financial Institutions - Factoring, Other - Turkey - Factoring companies and banks that execute factoring transactions, receivables assignment as collateral, credits against receivables assignment
RRC is a system where the assigned receivables subject to factoring and credit transactions are recorded and prevents the same receivable from being used in more than one financing transaction by chec
Read More
Crowdfunding
Financial Institutions - Other - Turkey - Crowdfunding Platforms & Start-ups mainly focused on technology projects
In order to provide an alternative source of financing for start-ups, equity-based and debt-based crowdfunding products are introduced. Crowdfunding would provide the opportunity for eligible companie
Read More
TÜRKİYE’S INVESTMENT INITIATIVE (TII)
Other - Other - Turkey - The underlying funds invested by TII provide governance and consultancy services as well as investment support to the companies they invest in. In addition, the adviser representing TII; participates in the advisory boards of these funds as a member and
TII is Türkiye’s first dedicated Fund of Funds PLATFORM brings together a selected group of investors to capitalise on Türkiye’s risk capital opportunities. TII has two sub-funds; Sub Fund A: Istanbu
Read More
Trade Chain Finance System (TCFS)
Other - Factoring, Other - Turkey - 9 Factoring companies, 2 banks, 8 companies
TCFS is a set of technology-based business and financing processes that link the various parties in a transaction – the buyer, seller, financial institutions and banks– to lower financing costs of SM
Read More
TrustCheckr - AI Digital Identity Scoring for BFSI Fraud Prevention
Fintech Companies - Risk management - India - Fintechs like IIFL
TrustCheckr is a Cross-industry fraud insights platform. We do AI-based social scanning to understand the sentiment of the posts in real-time, extract key fraudsters info like name, email, IP etc..,
Read More
SME Credit Rating
Financial Institutions - Financial education, Risk management - Spain - Cofides, La Banque Postale, Sepides, Entrepreneur Invest, Epopee Gestion, Audacia, Institut Valencia de Finances
Credit Rating for medium-sized enterprises, with specific methodologies and processes that democratize access to this services, both in terms of price (10 to 100 times lower) and time (10 days)
Read More
3 Singapore Stocks To Pay Dividends for 20 Years And More
- Financial education - - Investing Finances
Singapore Stocks To Pay Dividends: A select group of US stocks has been paying out dividends for many decades. Some of these popular stocks include Coca-Cola (NYSE: KO) and Procter and Gamble (NYSE: P
Read More
SOCIO-ECONOMIC IMPACT OF OVO ON MSME PARTNERS
Fintech - Payment, Remittance, Savings - - E-money Institution
Impact of digital payments in strengthening the resilience of Indonesian MSMEs during the pandemic
Read More
Receivables Recording Center (RRC)
Financial institution - Factoring, Other - - factoring companies and banks that execute transactions, receivables assignment as collateral, credits against receivables assignment
RRC is a system where the assigned receivables subject to factoring and credit transactions are reco
Read More
QRIS GoPay
Fintech Companies - Payment - - GoPay
GoPay serves millions of QRIS users who are connnected with millions of merchants
Read More
FinanSiap Press Conference with Central Bank of Indonesia.jpeg
FinanSiap: Creating a financial-savvy generations
Fintech Companies - Financial education - - GoPay
The campaign's aim was straightforward: Equip tech-savvy society with financial-savvy capabilities.
Read More
SIAPIK - Login Page.png
SIAPIK, Financial Transaction Recording Application For MSMEs
Financial Institutions - Cash management - - Bank Indonesia
SIAPIK is a simple, fast, and easy financial recording system application based on Mobile and Web.
Read More
Health Code Mutual Recognition Solution
Financial Institutions - Other - - Open-source technology provider: WeBank Co., Ltd.
The solution is implemented based on blockchain for reliable information verification across border
Read More
Non Financial Services
Development Finance Institutions - Financial education - - Emirates Development Bank
Non financial services platform provides free essential resources to develop businesses.
Read More
Business Banking Application
Development Finance Institutions - Other - - Emirates Development Bank
Business banking app provides an unmatched digital bank account which can be opened in minutes.
Read More
paild
Fintech Companies - Payment, Credit guarantee - - paild, Inc."
paild is a cloud-based corporate card service
Read More
OLTA Cloud Factoring
Fintech Companies - Factoring - - OLTA inc.
Short-term online factoring for SMEs in Japan featuring partnerships with regional banks
Read More
Industry-focused online supply chain financial services
Fintech Companies - Other - - SimpleCredit Micro-lending Company Limited
Industry-focused online supply chain financial services - Low-speed vehicle industry as an example
Read More
FABePay & EIPP (Electronic Invoice Presentment & Payment)
Financial Institutions - Cash management - - First Abu Dhabi Bank
Convenient & digitized method for depositing Cash & Cheques with enhanced narration for customers
Read More
FABeAccess Corporate Mobile Banking
Financial Institutions - Cash management - - First Abu Dhabi Bank
A one stop shop for SME customers to manage their transaction banking needs at their fingertips
Read More
Prepaid payroll solution: RATIBI
Financial Institutions - Cash management - - First Abu Dhabi Bank
Payroll solution to pay the salaries of employees earn up to AED5,000.
Read More
Direct Debit Services
Financial Institutions - Cash management - - First Abu Dhabi Bank
Allows billers to collect amounts due from their customers in a timely and automated manner
Read More
Extensive Payments Proposition
Financial institution - Cash management - - First Abu Dhabi Bank
UAEPGS, IPI, Remote Cheque Printing
Read More
Letter Issuance & Financial Statement Analysis
Financial Institutions - Other - - First Abu Dhabi Bank
Automation of letter issuance and Bank Statement extraction and ratio analysis
Read More
Sustainable trade services
Financial Institutions - Other - - First Abu Dhabi Bank
Initiatives to improve sustainable practices of SMEs
Read More
FABeSign - Next Generation Digital Signature Solution
Financial Institutions - Other - - First Abu Dhabi Bank
PKI based digital signature platform allows customers to digitally sign documents on the go
Read More
Remote Cheque Deposit Services / Corporate Cheque Deposit Services
Financial Institutions - Cash management - - First Abu Dhabi Bank
Allows the company to deposit cheques electronically to the Bank from any location for clearing.
Read More
Insurance Coverage for SMEs
Financial Institutions - Insurance - - First Abu Dhabi Bank
General & Keyman Insurance for SME Business Owners to protect the business against unplanned losses
Read More
ADIB Direct Digital Transactional Platform
Financial Institutions - Payment, Remittance, Cash management - - ADIB in partnership with external vendor
ADIB Direct is a secure and centralized platform that allows to view account information
Read More
Post-pandemic Travel with a Blockchain Immunity Passport
Financial institution - Other - - WeBank Co., Ltd.
The solution enables cross-border health declaration mutual recognition leveraging on blockchain.
Read More
Image 1_MYbank's factoring service interface.png
MYbank Innovates SME-focused Invoice Factoring Solution
Fintech Companies - Factoring - - MYbank, China's first digital bank and an associate of Ant Group
Advanced technologies upgrade factoring for the digital age, helping SMEs to strengthen cash flow
Read More
Making Climate Risk Microinsurance Work
Financial Institutions - Insurance - - Aseguradora Rural, Guatemala
First index-based microinsurance strengthening resilience of most vulnerable against NatCat events
Read More
ADCB Pace Pay- an innovative solution for "Micro-SME" by ADCB
Financial Institutions - Payment - - Abu Dhabi Commercial Bank
This app converts merchant's smart phone into a payment acceptance terminal
Read More
ProTrade Solution
Financial Institutions - Other - - Abu Dhabi Commercial Bank
ProTrade is an online trade finance platform for submitting Trade Finance related customer requests.
Read More
Convenient business banking accounts for micro-SMEs
Financial Institutions - Savings - - Abu Dhabi Commercial Bank
Customized transactional business account proposition for micro enterprises.
Read More
CCSS - Corporate Cheque Scanning Solution
Financial Institutions - Cash management - - Abu Dhabi Commercial Bank
Allows to scan cheque remotely for early utilisation of funds
Read More
ProCash - Corp Online Banking
Financial Institutions - Cash management - - Abu Dhabi Commercial Bank
Provides convenience in initiating payments, reconciliations and managing daily liquidity position
Read More
SmartStart Account
Financial Institutions - Other - - Abu Dhabi Commercial Bank
Dirham only Current Account proposition specially designed for micro entities
Read More
SME Digital Account Opening
Financial Institutions - Cash management - - Abu Dhabi Commercial Bank
Simple, Fast & Transparent on-boarding solution for new clients for account opening
Read More
GO TRADE
Financial Institutions - Risk management - - ADCB Treasury - Financial Markets Solutions
Online digital FX platform which client can use from anywhere using PC, Laptop or Tablet
Read More
Airtm: a solution for digital entrepreneurs en Latin America
Fintech Companies - Payment, Remittance, Financial education - - Airtm
Airtm is the most connected dollar wallet for entrepreneurs who want to be part of the global market
Read More
businessONLINE - Digital Cash Management Platform
Financial Institutions - Cash management - - Emirates Islamic Bank (P.J.S.C.) is licensed by the Central Bank of the UAE
businessONLINE, as an integrated digital platform of Emirates Islamic
Read More
Business Clearing
Fintech Companies - Payment, Factoring, Financial education, Risk management - - Capital Tool Company
A clearing house for business
Read More
Quick Apply -Digital Onboarding for Business Accounts
Financial Institutions - Other - - RAKBANK - The National Bank of Ras AL Khaimah
Apply for a Business Account digitally; Digital onboarding platform provided to SMEs.
Read More
Mohammed Bin Rashid Fund's Credit Guarantee Scheme through Beehive
Fintech Companies - Credit guarantee - - Beehive in partnership with Mohamed Bin Rashid Fund for SME
Beehive is a fintech solution provider that offers Term & Working Capital Finace via crowdfunding
Read More
MicroBiz Protek Jr: A Micro Disaster Risk Insurance for MSMEs
Financial Institutions - Insurance, Financial education - - AXA Philippines, Cebuana Lhuillier Insurance Brokers
Microinsurance product for MSMEs licensed by the Philippines Insurance Commission.
Read More
segurosparamujeres.com
Other - Insurance - - INNOVATE Broker de Seguros
Insurance coverage oriented exclusively to women, which are contracted online and with minimum requ
Read More
Payong App: A Multi-Peril Resistance Management and Learning Platform
Other - Other - - Philippine Trade Training Center (PTTC)
Payong is a web- and mobile based application designed to improve the resilience of MSMEs.
Read More
INNOVATECH: INNOVATIVE SOLUTIONS AGRO/FINTECH AS A RESPONSE FOR COVID
Development Finance Institutions - Payment, Factoring, Insurance - - IFAD in partnership with Sparkassenstiftung
The project intends to leverage multiple innovative digital financial products to cover the operatio
Read More
Financing for warehouse certificates
Financial Institutions - Payment, Other - - ALE "Union of Banks of Kyrgyzstan"
Introducing the use of warehouse certificates toward collateral requirement when borrowing.
Read More
Online trade and logistics platform for value-chain stakeholders
Financial Institutions - Payment, Financial education - - JSC Aiyl Bank
The goal is to create a single online platform capable of making swift purchases with minimal cost
Read More
Enhanced resilience through crop insurance: A case of smallholders in
Development Finance Institutions - Insurance - - International Fund for Agricultural Development and European Union
Area yield index insurance administered through innovative e-voucher scheme
Read More
Crop insurance linked to PayGo solar home systems for farmers (Zambia)
Development Finance Institutions - Insurance - - IFAD
Innovative insurance protects farmers’ supply of green electricity in off-grid communities
Read More
MCC "Bailyk “Finance Agent Lending
Financial institution - Payment - - MCC Bailyk Finance
The proposed solutions aims at increasing smallholder farmers access to credit
Read More
Babyloan Mali
Fintech Companies - Other - - IFAD with ABC Microfinance
a crowdfunding platform for diaspora to invest in rural MSMEs in Mali
Read More
Agricultural input delivery through digital financial platform (Kenya)
Financial Institutions - Payment, Savings, Financial education, Cash management - - Kenya Cereal Enhancement Programme—Climate Resilient Agricultural Livelihoods Window (KCEP-CRAL) through Ministry of Agriculture, Livestock, Fisheries and Cooperatives on behalf of Government of Kenya
e-voucher platform in delivering market-based agriculture input services through a PPP Partnership
Read More