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John Brisco has an extensive background and experience in the FinTech space.

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Washington, D.C., August 29th, 2019 – Kabbage 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. “200 million businesses worldwide need financing to invest, grow and create new jobs.

The first private-sector “gender” bond in the Asia Pacific region to be issued by Bank of Ayudhya (Krungsri), with the support of IFC and the GoldmanSachs 10,000 Women initiative, to expand access to capital for women entrepreneurs globally. IFC, a member of the World Bank Group, and DEG (Deutsche Investitions und Entwicklungsgesellschaft) have agreed to subscribe to the Women Entrepreneurs Bonds to be issued by Bank of Ayudhya in the amount of up to $220 million.

MEKAR, an online platform for funding Indonesian MSME loans, was recognised as the Best P2P Platform in Indonesia at the Global Wealth and Society Awards 2019.

MEKAR’s CEO Pandu Aditya Kristy received the award on behalf of the company in a glittering ceremony at the JW Marriott Hotel, Jakarta, yesterday (22/08/19).  “As per Based on our impact in Indonesia, loan safety, and more. Well done to Mekar's team and our Lending Partners financing women's businesses”, said Thierry Sanders, Co-Founder of Mekar.

A Zurich-based fintech firm whose investors include Josef Ackermann has raised additional money to value the company at more than $1 billion as it prepares to expand outside its main market of Germany. Numbrs Personal Finance raised $40 million to bring the total capital invested to almost $200 million, Chief Executive Officer Martin Saidler said in an interview. Numbrs offers an app that enables users to manage their existing bank accounts in one place and to buy financial products.

Standard Chartered Bank and SAP Ariba today announced a strategic collaboration to make the Bank’s financial supply chain solutions easily accessible to businesses in the Asia Pacific region through Ariba Network, the world’s largest digital business network connecting more than 4.2 million companies in 190 countries.

News via Finextra

Revolut has also announced a partnership with small business cloud accounting company Xero, enabling joint customers to integrate expense data between the two platforms for seamless reconciliation in the UK.

News via Pymnts.

An increasing number of fintech startups are looking to fund small businesses in South Africa using online platforms and apps to service the massive demand for such finance. Know five of them in this article.

News via Venture Burn.
 

Four fintechs have been awarded £40m between them to address the £10bn funding gap caused by the lack of small business finance in the UK. The £40m is part of a £775m programme funded by Royal Bank of Scotland as a condition of its bailout during the financial crisis.A total of £425m will be given in cash grants to rival business banks and financial technology companies to support small businesses.