Washington D.C., November 30th, 2020- We are pleased to welcome SMERA to the SME Finance Forum. Our global membership network consists of leading financial institutions, innovative financial technologies companies, and development finance institutions who come together to share knowledge, spur innovation, and promote the growth of small and underserved businesses.
“At SME Finance Forum we are committed to helping small businesses get access to capital needed to grow and sustain their enterprise. Our membership network forms a close-knit community of industry experts who share a common purpose of helping SMEs. We are delighted to have SMERA as the newest member of the Forum. We truly value their contributions.” said Matthew Gamser, CEO of the SME Finance Forum.
SMERA Gradings and Ratings Pvt. Ltd was set up as the world’s first MSME-focused rating agency under an initiative of the Ministry of Finance, Govt. of India and the Reserve Bank of India. It has an enviable record of assigning more than 50,000 ratings since its inception. In 2017, they launched the SMERA terminal, a fintech platform for connecting lenders and MSMEs.
“We want to ensure that MSMEs have an equal playing field to understand its strengths and weaknesses and overcome perceived uncertainties in lending decisions. With the support of the SME Finance Forum and its global network, we believe we can expand our knowledge and understanding of how to support these small businesses and build partnerships that can enable MSME growth in India,” Sankar Chakraborti, Director at SMERA.
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.
SMERA Gradings and Ratings Private Limited is a wholly owned subsidiary of Acuité Ratings & Research Limited dedicated to providing SME ratings & grading services to MSMEs. The company began its operations in year 2005 as SME Rating Agency of India Limited, a joint initiative of Small Industries Development Bank of India (SIDBI), Dun & Bradstreet Information Services India Private Limited (D&B) and leading public and private sector banks in India.