The unmet SME financing needs have thus created an opportunity for the rise of alternative financing models, such as peer-to-peer lending platforms powered by fintech. Pooling private credit from accredited investors, money can be loaned to carefully screened SMEs, and the minimum buy-in is lower than typically needed for bonds sold at the private banking tier.
Article via Crowdfundinsider.
The «eXellerator» innovation lab in China alongside others in Singapore, Hong Kong, London, Kenya, and San Francisco are part of the bank’s SC Ventures unit, a research and development arm focused on innovation and fintech. «With the launch of the eXellerator, Standard Chartered aims to deepen its contribution and participation in China’s vibrant technology and innovation ecosystem,» the bank said, highlighting various tech competencies including artificial intelligence, biometrics and mobile payments that could improve its client products and experiences.
News via Finnews Asia.
FinTech investments targeting B2B and corporate services, with particular concentration in SMB lending across India and Europe, totaled about $396 million in VC funding. News via Pymnts.
EnKash, a two year old card focused fintech startup, has announced the launch of Corporate Credit Card for SMEs/MSMEs and startup, called the Freedom card. The Freedom card would give the SME’s and startups the freedom to avail credit facility for immediate needs and to manage their financial liquidity.
Join us for a discussion of how financial institutions at the cutting edge have gone beyond providing access to finance for SMEs and are also offering access to markets, access to better management skills, and more. These offerings are often done in partnership with fintechs and other institutions.
Listen to the podcast of SVP Darrell, who describes how PayPal financing solutions are positioned in an SMB market. Lastly, because PayPal is embedded in its borrowers’ businesses, Darrell shares some data about how businesses perform after tapping PayPal for capital.
Financial services giant Standard Chartered has successfully completed its first blockchain-based deep-tier supply chain financing transaction with China-based supply finance firm Linklogis. The financing was intended for upstream suppliers of Digital Guangdong, according to a press release.
With So Many Financial Instruments Out There – When and How to do Results-Based Financing? Amidst growing skepticism of traditional aid models, the field of results-based financing (RBF) has taken root.
EBID and Fidelis Finance Strengthen their partnership with the signature of a € 6,100 million SMEs loans agreement. The President of the Bank for Investment and Development (EBID), Mr. Bashir M. IFO and the CEO of Fidelis Finance Mr. Kouafilann A. Sory, signied a loan agreement of Xof 4,000 million. This convention is the fourth of its kind signed by these two Institutions. It aims to enable Fidelis Finance to strengthen its ability in SMEs’ needs financing, mainly in Burkina Faso and Côte d'Ivoire, through highly adapted financial products such as leasing and factoring.
Australian challenger, Judo Bank, has completed the biggest single funding round in the country’s history by raising $400 million. StartupSmart reports that the finance – which is double Judo’s original target for the round – came from new institutional investors, including Bain Capital Credit and Tikehau Capital, along with existing investors. Read more on the link.
