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Convergence Blended Finance, the Global Blended Finance Network Driving Private Investment in Developing Countries, joins the SME Finance Forum.

Washington D.C, March 26, 2025Convergence Blended Finance, the global blended finance network driving private investment in developing countries, has joined the SME Finance Forum as the global membership network’s latest affiliate. The 300+ members/affiliates of the Forum are SME financing experts operating in 190 countries who share the common goal of expanding access to finance to small businesses worldwide through knowledge exchange and innovation.
 
"SME Finance Forum proudly welcomes Convergence Blended Finance (Convergence). Convergence’s expertise in blended finance and commitment to increasing private sector investment in developing countries align perfectly with our mission to expand financial opportunities for SMEs. We believe that Convergence’s innovative approach to leveraging catalytic capital from public and philanthropic sources will bring valuable insights and opportunities to our forum," said Qamar Saleem, Head of SME Finance Forum.
 
Convergence Blended Finance is the global network for blended finance. Convergence generates blended finance data, intelligence, and deal flow to increase private sector investment in developing countries. Blended finance uses catalytic capital from public or philanthropic sources to scale up private sector investment in emerging markets to realize the SDGs. Convergence’s global membership includes public, private, and philanthropic investors as well as sponsors of transactions and funds. Convergence offer this community a curated, online platform to connect with each other on blended finance transactions in progress, as well as exclusive access to original market intelligence and knowledge products such as case studies, reports, trainings, and webinars. To accelerate advances in the field, Convergence also provides grants for the design of vehicles that could attract private capital to global development at scale.
 
“We envision a world where blended finance makes the SDGs investible in emerging markets and developing economies. Joining the SME Finance Forum aligns with our mission, as it provides an invaluable platform to collaborate with like-minded institutions, share insights, and drive impactful investments that support sustainable development and economic growth for SMEs worldwide.,” said Joan M. Larrea, CEO of Convergence Blended Finance.
 
SME Finance Forum: Innovation & Partnership for MSMEs Growth  
The SME Finance Forum, backed by G20 and IFC/World Bank, is the leading global network of 300+ members/affiliates operating in 190 countries. Network comprises of SME focused institutions providing and enabling finance and services- banks, non-banks financial institutions, fintech, payment platforms, development institutions, credit guarantee companies, insurers, investment funds, supply chain linked players, banking and SME associations, policy advocates, regulators, academia, consulting houses, knowledge aggregators.
  
Our member, affiliates, and associated stakeholders benefit from learning/replicating best practices from across the world, innovating new products for business growth, acquiring risk mitigation tools, establishing partnerships, attracting investors, and being recognized amongst a peer group of global innovators. Our products consist of “members only” solutions (like innovation hubs, solutions clinics, peer group networks, study tours, specialized tools and trainings, member portal repository, partnered initiatives) as well as public good services (200+ publications library, 500+ videos, webinars, newsletters, trainings, annual awards, annual event etc.)
 
Discover the SME Finance Forum members/affiliates: 
 
About Convergence Blended Finance
 
CONVERGENCE is the global network for blended finance. We generate blended finance data, intelligence, and deal flow to increase private sector investment in developing countries.
 
BLENDED FINANCE uses catalytic capital from public or philanthropic sources to scale up private sector investment in emerging markets to realize the SDGs.
 
Our GLOBAL MEMBERSHIP includes public, private, and philanthropic investors as well as sponsors of transactions and funds. We offer this community a curated, online platform to connect with each other on blended finance transactions in progress, as well as exclusive access to original market intelligence and knowledge products such as case studies, reports, trainings, and webinars. 
 
To accelerate advances in the field,  Convergence also provides grants for the design of vehicles that could attract private capital to global development at scale.
 
Learn More:
 

 

Leader Dialogue Series - Interview with Lori Kerr, CEO of FinDev Canada

 
Learn from Lori Kerr, CEO of FinDev Canada as the new kid on the block charting new territory in development finance.
 
The SME Finance Forum’s Leader Dialogues, is a new series of one-on-one interviews with CEOs, senior executives of financial institutions and technology companies as well as financial sector regulators.
 

Fern Software Offers Flexibility to SME Clients through their CRM and Loan Management System

We’re delighted to share that our member Fern Software’s premier CRM and loans management system, FaaSBank is now used by over 50 community and SME lending organizations from coast to coast in Canada. FaaSBank was collaboratively designed with Community Futures Development Corporations (CDFDCs) in Ontario, Canada.  
 
User friendly and intuitive, FaaSBank assists lenders with many of their day-to-day processes. The FaaSBank design team aimed to meet two primary needs of SMEs 1) make it easy to create regular amortization schedules for clients receiving standard term loans e.g. a specified monthly report amounts over a set period of time, and 2) build in the flexibility to enable users to create fully customizable when and where requirements e.g. periods of interest only payments, periods of principal only payments etc. 
 
When COVID hit, Fern Software only had to make one significant change to their platform’s Calculator, that is update it to accommodate forgivable loan portions. The change was required for new loan programs such as the Regional Relief and Recovery Fund (RRRF) being offered across Canada by the CFDC network. FaaSBank now tracks the amount of Principal paid down on these loans and informs the user when they are eligible for any forgiveness amount. 
 
ABOUT FERN SOFTWARE  
 
Fern Software is an international SaaS FinTech solutions provider incorporated in 1979 with a global presence with over 300 sites in 40+ countries, 3 million borrowers and regional offices in Amsterdam, Belfast, Singapore, Tiruchirappalli and Toronto.   
 
They specialize in the development and implementation of core banking systems and supporting modules to Assets/Fund Management, Credit Unions, Microfinance institutions (MFI), Savings and Loans organizations, SME Lenders, Development Banks, Community Development Financial Institutions (CDFI), Social Mortgages and a variety of grant funding agencies.  
 

Member News: nanopay joins the SME Finance Forum global membership network

Washington, D.C., May 19th, 2020nanopay Corporation 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. 

“40 percent of small and medium businesses worldwide struggle to get access to the credit and capital that they need to grow their enterprises. We are delighted to welcome nanopay to our network of more than 180 members who are working to eliminate the finance gap for SMEs,” said Matthew Gamser, CEO of the Forum.

nanopay’s platform is built using hybrid blockchain technology that combines the best features of blockchain and conventional databases. The main differentiator is that the blockchain is centralized–ideal for both cross-border and domestic payments. Available by API or white-labeled platform, nanopay offers a variety of services to support SMEs. Most notably is the ability for smaller banks and financial institutions to leverage nanopay’s technology to build their own real-time rail. This will enable instant, cross-border, cross-currency transactions between the businesses on the platform. Plus, instant clearing and settlement will help smaller sized lenders source liquidity without relying on cumbersome correspondent banking networks.

“We are incredibly excited to join our distinguished peers as members of the SME Finance Forum, both to share our experience and learn from other members. As we continue to expand into multiple geographies, becoming members of the Forum and attending exclusive events will open new horizons for our company,“ said Laurence Cooke, Founder and Chief Executive Officer of nanopay Corporation.

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. 


About nanopay Corporation
Founded in 2013, nanopay is a global payments technology company offering payment and liquidity management products for businesses and banks. Built on hybrid blockchain technology, their platform improves throughput, simplifies governance, and reduces cost. nanopay’s long term goal is to lead the world's transition to digital cash. nanopay is privately funded, led by the Merchant Banking Division of Goldman Sachs.

 

Media Contact
Carina Carrasco
ccarrasco@worldbank.org

Kristi Lewis
kristi@nanopay.net


 

FinDev Canada Joins 170 Other Financial Institutions to Promote SME Finance

Washington, D.C., February 10th, 2020FinDev Canada 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. 

“40 percent of small and medium businesses worldwide struggle to get access to the credit and capital that they need to grow their enterprises. We are delighted to welcome FinDev Canada to our network of more than 170 members who are working to eliminate the finance gap for SMEs,” said Matthew Gamser, CEO of the Forum. 

The Development Finance Institute Canada (DFIC) Inc., operating under the FinDev Canada brand, is  Canada’s development finance institution dedicated to providing financial services to the private sector in developing countries with the aim of combating poverty through economic growth by focusing on three main themes: economic development through job creation, women economic empowerment, and climate change mitigation and adaptation. “Working with peers through the SME Finance Forum membership will help us understand best practice and to reach SMEs with a more inclusive offer of financial services, “ said Paul Lamontagne, Managing Director of FinDev Canada.

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. 


About FinDev Canada
The Development Finance Institute Canada (DFIC) Inc., operating under the FinDev Canada brand, is a Canadian institution dedicated to providing financial services to the private sector in developing countries with the aim of combating poverty through economic growth by focusing on three main themes: economic development through job creation, women economic empowerment, and climate change mitigation. The Development Finance Institute Canada (DFIC) Inc. is a wholly-owned subsidiary of Export Development Canada (EDC). Find out more about FinDev Canada here.

Media Contact
Carina Carrasco
ccarrasco@worldbank.org
info@findevcanada.ca

Fauree

Fauree is a leading provider of supply chain finance and working capital solutions, leveraging technology to boost efficiency and cut costs. Fauree's Supply Chain Finance, where we empower SMEs through transparent, efficient, and sustainable solutions. Our cutting-edge platform supports local suppliers, fortifies supply chains, and fosters economic diversification and workforce development. By offering superior financing options and enhancing cash flow, we enable businesses to flourish and significantly contribute to broader economic and social ICV policy objectives. Our cloud-based platform provides real-time reporting and customizable workflows, optimizing financial operations and working capital management. With an extensive suite of services—including supply chain financing, receivable financing, distributor finance, dynamic discounting, and Sharia-compliant products—Fauree meets diverse industry needs on a global scale.
Country / Region
Member Since
Organization Type
Contact Person Name
Azhar tasadduq
Contact Person Title
CO Founder & CEO
Contact Person Email
azhar@jawainvestment.com

MEDA

MEDA (Mennonite Economic Development Associates) is an international economic development organization founded in 1953 whose mission is to create business solutions to poverty.

Country / Region
Member Since
Organization Type
Location
50.7147661, 4.3991201
Contact Person Name
Lindsay Wallace
Contact Person Title
Senior Vice President Strategy and Impact
City/Town location
Waterloo
16 Feb, 2023
Montreal - Canada
The inaugural IFRS Sustainability Symposium convenes global businesses, investors and policymakers to discuss progress towards a global baseline of sustainability disclosures to inform investment decisions. In addition to sharing updates on the IFRS...

Uplinq

Leveraging insights and analytics derived from over $1.4 Trillion in underwritten loans & 10,000+ data sources over a 15-year period, Uplinq empowers SMB lenders to approve and manage risk on loans.

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Member Since
Organization Type
Location
51.253775, -85.3232139
Contact Person Name
Ron Benegbi
Contact Person Title
CEO & Founder
Contact Person Email
rbenegbi@uplinq.co
City/Town location
Ontario
Operation countries

C2FO

Leading fintech operating in the field of supply chain, especially focused on SMEs. C2FO operates globally.

Country / Region
Member Since
Organization Type
Location
39.011902, -98.4842465
Contact Person Name
Colin Sharp
Contact Person Title
Senior Vice President, EMEA
Contact Person Email
colin.sharp@c2fo.com
City/Town location
Kansas