Washington D.C March 2023 – CredAble joins the SME Finance Forum as the newest member of our global membership network. Our members are SME financing experts from 80+ countries who share the common goal of expanding access to finance to small businesses worldwide through knowledge exchange and innovation.
“Since 2016, we’ve been implementing our mission to build a global membership to support better SME financing, and since then, we’ve established a network with over 240 active member institutions, which operate in over 190 countries sharing the common purpose of helping under-served enterprises. We are delighted to welcome CredAble, India’s largest working capital fintech platform,” said Matthew Gamser, CEO of the SME Finance Forum.
Launched in 2017, CredAble is one of Asia’s largest working capital tech platform enabling more than $6 Billion in working capital annually. As an umbrella platform, CredAble caters to the technology requirements of banks and Financial Institutions that in turn enables working capital finance for large, mid, emerging corporates and MSMEs. CredAble’s platform hosts over 125 corporate customers, over 275,000 small business borrowers, and over 35 large financial institutions and banks. By leveraging the technology built in-house, expertise in big data analytics, trade finance, and partnerships with capital providers, CredAble leads the working capital space while witnessing over 500% year-on-year growth.
“By joining the SME Finance Forum, we wish to expand our scope of offerings, discover potential partners and build synergies to solve the challenges faced by SMEs,” says Nirav Choksi, CEO & Co-Founder, CredAble.
About SME Finance Forum
The SME Finance Forum was established by the G20 Global Partnership for Financial Inclusion (GPFI) in 2012 as a knowledge center for data, research, and best practice in promoting SME finance. As an implementing partner for the GPFI, the International Finance Corporation (IFC) was tasked with managing the initiative. The Forum operates a global membership network of +240 members that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs.
Discover the SME Finance Forum members:
CredAble is a fintech company focused on solving the working capital financing challenges faced by enterprise ecosystems and SMEs through their white-labelled Banking as a Service (BaaS) platform offered to leading banks and financial institutions. They empower banks and financial institutions with a digital supply chain financing technology to run anchor led financing programs; a digital financing platform to offer SMEs with trade and working capital financing products; and an embedded finance platform to run digital lending programs.