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Fractal Labs Joins SME Finance Forum to help spur innovation and promote SMEs growth

Washington, D.C., November 13, 2019Fractal Labs has joined 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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Member News: Spartan SME Finance Secures Funding
SME Finance Forum member, Spartan SME Finance, has secured a R100-million investment from The SA SME Fund to anchor its R600-million debt financing fund, with half of the investment or R50-million, to be channelled to black African owned businesses, Ventureburn reports. The funding will be immediately available to Spartan SME Finance to boost its...
Member News: Equity Bank in SME Advisory Deal with IFC
Reports say the IFC is offering technical advisory services to Equity Bank, an SME Finance Forum member, with the aim of helping the lender to better serve its base of small and medium-sized (SME) customers. “This is a banking advisory services project with Equity Bank Kenya Ltd and is designed to increase Equity Bank efficiency to serve its SME...
Member News: Development Bank of Nigeria Share Results of Commitment to MSMEs
Proshare shared results of the Development Bank of Nigeria, that hosted a year-to-date business presentation on its activities since inception. Those results include N31.364bn Spent in 2018 on MSMEs and 35,000 MSMEs End-Borrowers Benefitted in 2018, among other accomplishments. Established in 2017 the Development Bank of Nigeria is regulated by...
HCM Capital Joins 150 Other Financial Institutions to Promote SME Finance
Washington, D.C. November 27, 2018 – HCM Capital (HCM) 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...
Accion Finance Joins 150 Other Financial Institutions to Promote SME Finance
Washington, D.C. November 6, 2018 –  Accion 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 financing to...
Member News: IDB Will Invest US $50 Million in SME Projects Throughout Jamaica
SME Finance Forum member, Inter-American Development Bank (IDB) will invest US $50 million a year towards, tourism, infrastructure, transportation, ports, roads, as well as in the financial sector projects in Jamaica. The investment is through IDB’s invest arm, according to the article, IDB Invest. “This latest expanded financial framework from...
IFC Supports Kyrgyzstan In First institutional Private Equity Fund
The funds backed by World Bank’s International Finance Corporation (IFC) will go towards supporting Highland Capital’s efforts towards increasing access to finance for SMEs in the Kyrgyzstan. Key areas include services, healthcare, education and media, according to the article. With a goal of raising $30 million, Highland Capital has raised $15...
Member News: DBS Launches Website to Aid SMEs with Digital Adoption
The 99 Percent campaign is back to help SMEs go digital. The campaign, launched by DBS, a SME Finance Forum member, and Singtel will help strengthen SMEs online presence. In addition to digital support there will be a new business-to-business (B2B) marketplace available for SMEs, which is set to launch at the end of 2018, with the help of DBS...
Member News: BNP Paribas Asset Management to Launch UK SME Direct Lending Fund
SME Finance Forum member, BNP Paribas Asset Management (BNPP AM) (the investment side of BNP Paribas) will offer investors access to the lending market for UK SMEs. The funds will invest in senior loans, to SMEs that have an annual turnover of less than €50 million. Head of UK sales, Philip Dawes shared, “The launch of this fund is therefore...
CEB Joins 140 Other Financial Institutions to Promote SME Finance
Washington, D.C., July 11, 2018 – The Council of Europe Development Bank (CEB) 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...