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Shanghai Zhaoxi Network Technology Co., Ltd.  Joins 140 Other Financial Institutions to Promote SME Finance

Shanghai Zhaoxi Network Technology Co., Ltd. Joins 140 Other Financial Institutions to Promote SME Finance

Washington, D.C. September 25, 2018 –  Shanghai Zhaoxi Network Technology Co., Ltd. (Zhaoxi) 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 invest, grow and create new jobs. We are proud to have Zhaoxi join our network of 140 members who work to expand access to finance for small and medium businesses,” said Matthew Gamser, CEO of the Forum. 

Zhaoxi is an innovative blockchain technology research and development company. Founded in early 2014, the blockchain platform has built numerous industry solutions and products, which include: medical, credit, supply chain finance, financing leasing, and authorized certification traceability. 

“Partnering with the SME Finance Forum allows us to effectively position ourselves to develop blockchain infrastructure for SMEs. We are excited to learn from other members and explore opportunities throughout SME financing together,” said Xiaoming Wang, Founder and CEO of Zhaoxi.  

Zhaoxi will participate in member working groups and build its knowledge of SME financing through member engagement and Forum events. 

To see all SME Finance Forum members, please visit: https://www.smefinanceforum.org/members/member-list 

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. In 2015, the SME Finance Forum partnered with CapitalPlus Exchange to expand and upgrade the former Small Business Banking Network. 

About Shanghai Zhaoxi Network Technology Co., Ltd. (Zhaoxi) 
Zhaoxi was established in early 2014. It is headquartered in Shanghai Pudong Software Park. It is an innovative blockchain technology research and development company. Based on the underlying blockchain platform, it expanded and built medical, credit, supply chain finance, financing leasing, authorized certification traceability and a series of industry solutions and products.  

Media Contact 
Carmen Smith 
csmith11@ifc.org