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Member News: Standard Chartered partners with SAP Ariba to offer one-stop supply chain solutions

Standard Chartered Bank and SAP Ariba today announced a strategic collaboration to make the Bank’s financial supply chain solutions easily accessible to businesses in the Asia Pacific region through Ariba Network, the world’s largest digital business network connecting more than 4.2 million companies in 190 countries.

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SMB Lending, Automation In B2B VC Focus
FinTech investments targeting B2B and corporate services, with particular concentration in SMB lending across India and Europe, totaled about $396 million in VC funding. News via Pymnts.
Judo bank breaks Aussie record with $400m round
Australian challenger, Judo Bank , has completed the biggest single funding round in the country’s history by raising $400 million. StartupSmart reports that the finance – which is double Judo’s original target for the round – came from new institutional investors, including Bain Capital Credit and Tikehau Capital, along with existing investors...
Member News: CreditEase Invests in Qupital, Hong Kong's Largest SME Financing Platform
CreditEase, a SME Finance Forum member, announced that its direct investment arm, CreditEase FinTech Investment Fund (CEFIF), led the investment of Qupital's Series A capital raise of USD 15 million, with additional capital injections from the Alibaba Entrepreneurs Fund and MindWorks Ventures following their initial investments in the seed round...
China Moves to Ramp Up Lending to SMEs
Aiming to further support the development of the real economy, optimize the liquidity structure and lower financing costs, the People’s Bank of China (PBC) has decided to lower the required reserve ratio for financial institutions by 1 percentage point, 0.5 percentage point of which will be cut on January 15, 2019 and a further 0.5 percentage...
Member News: DBS Launches New Digital Payment Solution for SMEs
SME Finance Forum member, Development Bank of Singapore (DBS) launched DBS MAX, a mobile-based QR code payment tool that allows SMEs to receive payments from consumers and business partners. According the article, the tool was created to encourage the implementation of ePayments among SMEs and solve SME-related issues managing cash flow and...
Member News: IDB Invest Focuses on the Private Sector
SME Finance Forum member, Inter- American Development Bank (IDB) will work through its “investment arm” IDB Invest to target the private sector. According to the article, IDB will focus on tourism, agribusiness, renewable energy and general manufacturing with a goal of bringing in US$3.5 billion in direct private sector capital. “The IDB Group...
World Bank Supports Finance Ministry’s Proposal for Exit Capital Tax for SMEs
The Finance Industry of Ukraine plans to introduce an exit capital tax for SMEs with an annual income of up to UAH 200 million. According to the article, replacing the profit tax by the exit capital tax for SMEs meeting the above criteria, is a way to cut the budget loss. With the support of the World Bank, the exit tax capital will avoid a threat...
Investment Firm Starts New Fund to Help Women
Ellevest, the digital investment startup founded by Wall Street veteran Sallie Krawcheck, is launching a new fund to invest in offerings that help advance women. Founded just over a year ago, New York-based Ellevest offers exchange-traded funds to help women save for retirement. The firm’s products account for different life variables, such as...
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...
Unkapt - Capital Mobilisation Challenge 2017
The Capital Mobilisation Challenge (Challenge) is a competition targeting small to medium size enterprises (SMEs) with a strong sustainable development focus and located in Cambodia, Indonesia, Philippines, Myanmar or Vietnam. The Challenge, which opens in September 2017, is being organised by SME Finance Forum member Unkapt in partnership with...