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ADB partners with TPB to lend US$25m to women-led SMEs in Vietnam
By Invoice Bazaar | January 14, 2022
The Asian Development Bank (ADB) and Tien Phong Commercial Joint Stock Bank (TPB) have signed an agreement under which ADB..
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Jakarta-based SME-focused fintech KoinWorks raises US$108 million
By Invoice Bazaar | January 13, 2022
KoinWorks, the Jakarta-headquartered financial platform for SMEs, has raised US$108 million in Series C funding led by..
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KredX to become one-stop solution provider of supply chain financing
By Invoice Bazaar | January 11, 2022
KredX, an invoice discounting platform in India, has announced the completion of a major rebranding exercise to reflect its vision..
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Nakuru County Govt partners with Kenya Commercial Bank to support SMEs
By Invoice Bazaar | January 10, 2022
Nakuru County Government has signed a memorandum of understanding (MoU) with Kenya Commercial Bank (KBC) to offer..
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Indian state of Uttar Pradesh gives Rs 43.14bn loans to 506,995 MSMEs
By Invoice Bazaar | January 8, 2022
Uttar Pradesh, India’s most populous and fourth-largest state, disbursed loans amounting to Rs 43.14 billion to 506,995..
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ECLGS helps save 1.35 million MSMEs and 15 million jobs in India
By Invoice Bazaar | January 7, 2022
The Emergency Credit Line Guarantee Scheme (ECLGS) launched by the Government of India in May 2020 to provide relief to micro..
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DBJ seeks investors to partner on two equity funds to finance SMEs
By Invoice Bazaar | January 6, 2022
The Development Bank of Jamaica (DBJ), the state-owned development bank, is seeking two private investors to partner on two equity funds that will deploy US$6 billion to..
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India’s PSBs lag behind private peers in loans to MSMEs under ECLGS
By Invoice Bazaar | January 5, 2022
In India, private sector banks have shown greater tendency than the public sector banks (PSBs) for utilizing the Emergency Credit..
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EIF and UniCredit to provide funding of EUR 1 billion to Balkan SMEs
By Invoice Bazaar | January 4, 2022
The European Investment Fund (EIF) and UniCredit have decided to provide up to EUR 1 billion funding to small and medium-sized..
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Saudi Fund for Development inks 3 different deals to fund MSMEs in Egypt
By Invoice Bazaar | January 3, 2022
The Saudi Fund for Development (SFD) has signed MSME financing agreements with three different entities in Egypt – Industrial..
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Manufacturing units in Iran to get supply chain finance from banks
By Invoice Bazaar | January 2, 2022
Central Bank of Iran (CBI) and the Industry, Mining, and Trade Ministry will collaborate with seven acting banks to provide supply chain financing facilities to production units..
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Role of MSMEs vital for India to transform into a US$5-trillion economy
By Invoice Bazaar | January 1, 2022
Micro, small and medium enterprises have a very crucial role in powering the economic growth of India, and currently, the focus..