Washington, D.C., July 29th, 2019 – INBONIS RATING 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.
ACCESS Bank Plc granted about N37 billion loans to small and medium enterprises (SMEs) in the immediate past business year as the commercial bank concludes arrangements to launch an innovative portal that allows customers to process their loan application online.
Over the next five years, Mastercard and SumUp will bring electronic payment acceptance to several million small and medium-sized companies across Europe. This partnership is yet another significant step in displacing cash and driving financial inclusion for small European businesses and supporting their entry into the formal economy.
Using real-time payments data and a risk-management system that analyzes more than 3,000 variables, Ma’s four-year-old MYbank has lent 2 trillion yuan ($290 billion) to nearly 16 million small companies.
BDC supports 60,000 business owners across Canada. BDC highlights for 2018-19 include:
Chinese e-commerce giant Alibaba Group Holdings Ltd will allow small U.S. businesses to sell on Alibaba.com, the company said on Tuesday, as it seeks to tap into the business-to-business e-commerce market and fend off rivals like Amazon.com Inc.
“The Dutch Alternative Finance market has reached a tipping point and is now widely being accepted as an added value to the SME financing landscape by companies, banks and policy makers. Because of the many different AltFin providers the biggest challenge in the next couple of years will be to educate financial advisors to find the most reliable and best fitted solutions for their clients.”
S’exprimant lors d’une conférence organisée conjointement par la CGEM et la SFI, membre du Groupe de la Banque mondiale, Qadiri a souligné que l’égalité des sexes contribuera à réduire les disparités hommes-femmes qui existent actuellement et à promouvoir la croissance de l’économie marocaine. Il a, de même, fait observer qu’il a été démontré que la participation des femmes au marché du travail et à des activités rémunératrices a un impact positif certain sur la société dans son ensemble en termes de développement humain et des droits des femmes.
The expansion of the partnership between Mastercard and Zoho will benefit smes. According to Mastercard, small businesses around the world will have access to a comprehensive array of products and services. The goal of this initiative is to enable simpler business operations for SMBs globally. When fully integrated, businesses can run their company with greater ease, efficiency, and profitability.
U.S. Energy Secretary Rick Perry today announced that the Department of Energy will award 113 grants totaling $121 million to 103 small businesses in 29 states. Funded through DOE’s Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs, small businesses that demonstrated technical feasibility for innovations during their Phase I grants competed for funding for prototype or processes development during Phase II.
