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The Development Bank of Rwanda 

Washington, D.C., October 16th, 2019 – The Development Bank of Rwanda 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. 

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BFA is about to conclude our FIBR (Financial Inclusion on Business Runways) Project, an innovative R&D initiative which sought to demonstrate how smartphones can accelerate and deepen financial inclusion in developing countries. When we launched the FIBR Project in 2015, we outlined a set of assumptions about how increased connectivity and...
Meet Our Study Visit Hosts for our Global SME Finance Forum 2019
REGISTRATION OPEN NOW! Under the theme “The Convergence of the Real and Financial Sectors in SME Finance” , the Global SME Finance Forum 2019 will examine the different ways in which the real sector has entered the SME finance space, and the various ways in which financiers and regulators are coping with the “new kids on the block.” This year we...
Goldman Sachs Lends $100 Million to Mexican Fintech Konfio
Goldman Sachs Group Inc. is making another bet on a Latin American financial-technology startup, providing a secured credit facility of as much as $100 million to Mexico’s Konfio Ltd . The transaction will help Konfio, which provides unsecured working capital to small and midsize companies, lend about $250 million in the next 12 months, according...
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Southeast Asian ride-hailing startup Grab Holdings Inc. intends to invest $150 million into artificial intelligence research over the next year, accelerating its expanding business that now includes food delivery, digital payments and digital content. News via Deal Street Asia
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Binance To Launch Regional “Libra-Like” Currency; Coinbase Left 3K User Passwords Unprotected. The company announced its plans to initiate an open blockchain project, Venus, an initiative to develop localized stablecoins and digital assets pegged to fiat currencies across the globe. News via Pymnts.com
Picture via Pymnts.com
As PayPal reaches saturation points in Western markets, it wants to continue to expand internationally, especially in India, where the country’s 450 million mobile users make it an attractive target for retailers. The Financial Times is reporting that PayPal launched a domestic business in India in 2017, which allows for local and global payments...
Member News: Standard Chartered launches a Shanghai-based innovation lab to tap China’s tech market
The «eXellerator» innovation lab in China alongside others in Singapore, Hong Kong, London, Kenya, and San Francisco are part of the bank’s SC Ventures unit, a research and development arm focused on innovation and fintech. «With the launch of the eXellerator, Standard Chartered aims to deepen its contribution and participation in China’s vibrant...
Corporate credit card for SMEs, startups launched
EnKash, a two year old card focused fintech startup, has announced the launch of Corporate Credit Card for SMEs/MSMEs and startup, called the Freedom card. The Freedom card would give the SME’s and startups the freedom to avail credit facility for immediate needs and to manage their financial liquidity. News via India Times
MTN mobile money being advertised in a market in Ghana
GSMA reports that investment in African fintechs nearly quadrupled in 2018 to $357 million, with startups in Kenya, Nigeria and South Africa accounting for the largest share.
Credit: Bloomberg
Dana, the fintech startup backed by Ant Financial in Indonesia, is scouting for another strategic investor to help it snag more of the nation’s 150 million smartphone users. Dana is one of several digital wallets outside of China that Ant’s backed, as the funds-to-finance titan tries to forge a global payments network.