B2B Fintech News
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ADB partners with TPB to lend US$25m to women-led SMEs in Vietnam
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
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
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
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
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
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
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
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
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
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
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
Micro, small and medium enterprises have a very crucial role in powering the economic growth of India, and currently, the focus..
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