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Member News: Xero partnered with Revolut to integrate data of their joint customers

Revolut has also announced a partnership with small business cloud accounting company Xero, enabling joint customers to integrate expense data between the two platforms for seamless reconciliation in the UK.

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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...
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.
Photo: Jack Ma Photographer: Marlene Awaad/Bloomberg
Using real-time payments data and a risk-management system that analyzes more than 3,000 variables, Ma’s four-year-old MYbank has lent 2 trillion yuan ($290 billion) to nearly 16 million small companies.
BDC released the 2018-19 annual report, with a record year.
BDC supports 60,000 business owners across Canada. BDC highlights for 2018-19 include: $35 billion in capital committed to small and medium-sized businesses. This is up over 45% since 2015. Lent nearly $570 million to majority women-owned businesses . Opened up two of captive funds – IT and Health – to outside investors, which led to the creation...