During the Global SME Finance Forum 2019, ten study visits were organized to different Dutch cities. One of them was to Dynamic Credit, an asset management and direct lending firm founded in 2003 in New York. While the opening of the Amsterdam office in 2009 started the international growth, the strategic partnership with Aegon in December 2017 provided an opportunity to expand into SME lending.
Investors backed three India-based FinTechs and one Singapore-based FinTech, all targeting small- and medium-sized businesses (SMBs) with their solutions designed to expand access to capital. More than $75 million in fresh funding hit the B2B FinTech community.
News via PYMNTS.
ICOs are one of the most prominent applications of blockchain for finance, allowing for an innovative and inclusive way of financing small and medium-sized enterprises (SMEs). Although the lack of regulatory clarity currently exposes ICO participants to some risks, appropriately regulated and supervised ICOs offer a potential new way to raise capital for projects enabled by Distributed Ledger Technologies and the blockchain.
Proshare shared results of the Development Bank of Nigeria, that hosted a year-to-date business presentation on its activities since inception. Those results include N31.364bn Spent in 2018 on MSMEs and 35,000 MSMEs End-Borrowers Benefitted in 2018, among other accomplishments.
Established in 2017 the Development Bank of Nigeria is regulated by the Securities and Exchange Commission, and is licensed by the Central Bank of Nigeria.
The DBN which is designed to provide access to funding for Micro, Small and Medium Enterprises, MSMEs has the following as it core mandate;
The Dutch Good Growth Fund (DGGF) released its latest report – the study on “Scaling Access to Finance for Early-Stage Enterprises in Emerging Markets: Lessons from the Field”. The report is a result of a comprehensive research undertaken by DGGF with the support of consultants, experts, field builders, investors, and other local and international stakeholders.
Successful scale-ups in the MENA region are generating on average 3.4x more revenues and 8x more jobs than other SMEs, according to new research co-authored by Strategy& and Endeavor. Released at Area 2071, an initiative of the Dubai Future Foundation, the study, “Scaling Up MENA SMES: How a handful of firms can fast-forward economic growth,” highlights how scale-ups positively impact economic growth in MENA and identifies priorities policymakers can use to improve their local ecosystems.
An affiliated partner of the G20 Global Partnership for Financial Inclusion (GPFI), the World Business Angels Investment Forum (WBAF) will focus on angel investors partnering with private equity funds at the World Congress of Angel Investors in 2019. The discussions will explore how private equity funds can foster open innovation and deliver more business value through partnerships with angel investors, start-ups, scale-ups, high-growth businesses and SMEs.
Close to 200 senior microfinance practitioners all over the globe will meet to discuss, network and understand the main challenges the industry is facing at the moment. They will present success stories from the leading players on the market, compiled with the most innovative solutions which enable a smooth transition into digital microfinance.
Endeavor's 2018 Impact report highlighted job creation by Endeavor Entrepreneurs, shared stories of entrepreneurs and the employees and communities they have impacted, and examined what the future of high-impact entrepreneurship will look like.
A few of the milestones their entrepreneurs celebrated in 2018:
During the Global SME Finance Forum 2018, Inbonis' CEO, Alberto Sanches, demoed the company's services at the TechPitch on November 6.
Inbonis is the first Credit Rating Agency covering small businesses in the EU.
