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via South China Morning Post
With initiatives coming from both public and private sectors, including traditional institutions and fintech start-ups, SMEs stand to gain from fintech initiatives within the next few years. Those that make the move to digitize their businesses will be able to capitalize on these new products and solutions to improve their business performance...
Credit: Didi
Ridesharing giant DiDi Chuxing will expand its presence in the Chinese financial and fintech sectors with the launch of its own private bank in the northern Chinese city of Tianjin, according to a report from Xinliu Caijing . First launched in 2012 in Beijing, DiDi has emerged as China’s leading ridesharing service following a merger with Kuaidi...
A farmer spreads chopped potatoes to dry at Fengjie County in China's Chongqing. Mobile banking has revolutionized the way farmers and small businesses operate.   © Getty Images
The mobile banking units of e-commerce giant Alibaba and internet conglomerate Tencent Holdings are changing the landscape of financial services in China, lending to more than 100 million people so far, including those in rural areas and microbusiness owners. Farmers and microbusinesses -- which employ no more than nine people -- that previously...
EBID and Fidelis Finance Strengthen their partnership with SMEs loans agreement
EBID and Fidelis Finance Strengthen their partnership with the signature of a € 6,100 million SMEs loans agreement. The President of the Bank for Investment and Development (EBID), Mr. Bashir M. IFO and the CEO of Fidelis Finance Mr. Kouafilann A. Sory, signied a loan agreement of Xof 4,000 million. This convention is the fourth of its kind signed...
Credit: Getty Images
Aspire, a Singapore-based startup that helps SMEs secure working capital , has raised $32.5 million in a new financing round to expand its presence in several Southeast Asian markets.
Credit: Barclays
Barclays Bank Ghana says it has lined up plans to become the country's number one lead financial enabler for business activities of Small Medium Enterprises (SMEs) in Ghana when it transitions fully to Absa in 2020.
INBONIS RATING Joins 150 Other Financial Institutions to Promote SME Finance 
Washington, D.C., July 29th, 2019 – INBONIS RATING 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...
Member News: Access Bank gives N37b loans to SMEs
ACCESS Bank Plc granted about N37 billion loans to small and medium enterprises (SMEs) in the immediate past business year as the commercial bank concludes arrangements to launch an innovative portal that allows customers to process their loan application online. The bank engaged more than 11,000 MSMEs customers in 2018 and has so far this year...
The Use of Cash-Flow Data in Underwriting Credit: Empirical Research Findings by FinRegLab
The Empirical Research Findings report provides a detailed summary of our applied research based on data from six non-bank financial services providers – Accion, Brigit, Kabbage, LendUp, Oportun, and Petal – that have begun using cash-flow variables and scores in an effort to increase the provision of credit to consumers and small businesses who...
Photo Credit: Mastercard
Over the next five years, Mastercard and SumUp will bring electronic payment acceptance to several million small and medium-sized companies across Europe. This partnership is yet another significant step in displacing cash and driving financial inclusion for small European businesses and supporting their entry into the formal economy.