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SME Access to Finance Issue

Asian Development Survey Suggests Fintech, Digitization Still Not Significantly Impacting Trade Finance Gap

Banks and companies in the trade finance sector are increasingly using digital solutions to address companies’ significant and unmet financing needs. Yet the global trade finance gap—estimated at $1.5 trillion, with approximately 40% originating in Asia and the Pacific—persists in a stable state, with emerging economies and small- and mid-size enterprises (SME) bearing the brunt of financing shortfalls. More than ... Read More »

Trade Finance Revenues Hit Seven-year Low

Global trade finance revenues reached their lowest level in seven years, with a 5% decline year-on-year for the first half of 2017. Total trade finance revenues for the ten largest global transaction banks (Bank of America Merrill Lynch, Barclays, BNP Paribas, CITI, Deutsche Bank, HSBC, JP Morgan, Société Générale, Standard Chartered and Wells Fargo) fell to US$2.8bn compared to US$2.9bn in ... Read More »

SME Lending: Credibly Continues Growth with $500M Origination Milestone, BizFi Portfolio

Credibly’s products rely on data science and machine learning Leading “fin-data” SMB lender Credibly will now be servicing the portfolio of competitor lender BizFi, adding BizFi’s $250 million portfolio and 5,200 merchants to its platform.  Along with the BizFi decision, Credibly also announced today that it has hit $500 million in originations to tens of thousand of SMBs, a milestone for the company ... Read More »

Google & Intuit Partner in Small Business Cash Management

Google and Intuit are pairing up to help Australian small businesses (SMBs) get a better grip on cash management.  Reports Wednesday (Sept. 13) said Google and Intuit Australia announced news of their partnership at the Google Cloud Summit, which was held in Sydney. As part of their initiative, Gmail now supports integrated eInvoicing using Intuit tools. The Google Calendar App also ... Read More »

US Credit Climate: Small-Business Optimism Heads for Record Levels

A surge in capital spending and high sales expectations have caused a streak of historically high performances dating back to November to continue in the Index of Small Business Optimism from the National Federation of Independent Business (NFIB).  The percentage of small-business owners who plan to make capital expenditures in the near term is at its highest level since 2006. ... Read More »

Blockchain: The Quiet Revolution for Next Generation SME Businesses

Blockchain is, slowly but surely, reaching corporate consciousness. As the Harvard Business Review has put it, blockchain is a “quiet revolution.” Finance professionals must now compete on a new stage.  First used with bitcoin in 2008, it has gradually grown in use as the technological underpinning of cryptocurrency. However, whilst interest in bitcoin has waned, blockchain has found more and ... Read More »

Global SME Finance Forum 2017

Will Robots Replace Bankers as the Best Advisors for SMEs? The Global SME Finance Forum 2017 is excited to announce our debate on the role of robots and AI and the future of SME banking. This exciting session will be moderated by Silvia Pavoni, Economics Editor, The Banker magazine at Financial Times. Would you trust a robo-advisor for financial and business advice? ... Read More »

Russian Risk Climate:  SME Access To Funding Remains a Challenge 

The lack of financial inclusion for sole entrepreneurs in Russia continues to be a challenge.  Transparency is the key issue for banks to extend financing According to a report issued by the European Central Bank it is widely acknowledged that one of the weaknesses in the Russian financial sector is the lack of long-term financing. Such resources, especially in local ... Read More »

Alibaba to Bring US Businesses Online to China

Riding on the coattails of its first annual conference in Detroit aimed at connecting U.S. businesses with Chinese consumers, Alibaba Group has launched a new website to support the effort. Dubbed the Taobao Global U.S. Merchants Network, the company said it will provide small and medium-size businesses in the U.S. with access to more than 500 million consumers that are ... Read More »

Why Amazon’s Growth in Small Business Lending Threatens the Banking System

Amazon could strangle the competition in small business finance, but also all other third parties who are part of traditional supply chains. Amazon has recently announced that it had surpassed $1 billion in small-business loans to more than 20,000 merchants involved in its Amazon Marketplace in the U.S. UK, and Japan during the past year. In fact, since Amazon Lending began in 2011, it ... Read More »

Blockchain Based SME Lending Platform Bitbond Receives €5 Million Debt Commitment

Global SME marketplace lender Bitbond today announced that it received a commitment from Obotritia Capital to fund loans worth €5 million through its platform. Additionally, Obotritia invested an undisclosed amount of equity to acquire a stake in Bitbond. Bitbond was founded in 2013 and shortly after its start the young company was able to win investors like Point Nine Capital. In 2015 we ... Read More »

Country Risk Climate: Experian – Moody’s Report Indicates Credit Conditions for Small Business are Looking Up

Credit utilization rates expanded briskly in the first quarter of 2017. Taken with upside risk, which at the moment outweighs downside risk, credit conditions for small businesses are looking up. Rates of severe delinquency are declining broadly, and credit constraints should ease as a result. However, balance growth is threatened by the lack of clarity regarding fiscal policies. Small-business credit ... Read More »

Alibaba Makes Its First FinTech Investment In Hong Kong

Alibaba has expanded its investment portfolio in Hong Kong and has chosen Qupital to be its first FinTech investment in the city.  Qupital has just secured a seed investment round of $2 million, led by MindWorks Ventures and Alibaba Entrepreneurs Fund, with co-investment from DRL Capital, Aria Group and several other investors. The funding will be used to enhance its ... Read More »