IFU has invested DKK 200 million in UGRO Capital, which is a lending platform for small businesses in India. The investment will assist UGRO Capital in growing their business and increase focus on providing lending that supports the green transition. The investment is made on behalf of the Danish SDG Investment Fund, which is backed […]
IFU invests in UGRO Capital to support green finance for MSMEs in India Read More »
Small and medium-sized enterprises (SMEs) are known to be the backbone of India’s economy as they contribute significantly to the country’s Gross Domestic Product (GDP). These businesses are essential in providing job opportunities and fostering economic growth in the country. https://udaipurtimes.com/business-udaipur/sme-accelerating-growth-in-india/cid11240559.htm
How SMEs in India are Accelerating Their Growth with the Right Financing? Read More »
MSMEs are the backbone of any economy, accounting for a large portion of employment, production and exports in most countries. In fact, 33% of India’s GDP comes from the MSME industry — this sector is also responsible for the generation of over 120 million jobs across various industries, all of which contributes to wealth creation.
How lending-first approach can redefine SME financing Read More »
RIZAL Commercial Banking Corp. (RCBC) expects its loans to small businesses to increase by at least 9% this year as the economy continues to recover from the downturn caused by the coronavirus pandemic. The bank said in a statement on Tuesday that it sees its small and medium enterprises (SME) loan portfolio growing to at
RCBC sees SME loans growing by at least 9% this year Read More »
In its second deal in the space of three months, telecommunications company etisalat by e& (e&) has acquired a majority stake in Beehive, a UAE-based crowdfunding and SME lending platform. FTI Capital Advisors provided buy-side M&A advisory services. https://www.consultancy-me.com/news/6248/fti-advises-e-on-acquisition-of-sme-lending-platform-beehive
FTI advises e& on acquisition of SME lending platform Beehive Read More »
e& enterprise, part of e&, announced the signing of a binding agreement to acquire a majority stake in Beehive, Mena’s leading peer-to-peer digital platform to tap into opportunities in the Small and Medium Enterprise (SME) lending market. https://www.wamda.com/2023/05/e-enterprise-acquires-majority-stake-beehive
e& enterprise acquires majority stake in Beehive Read More »
The bank’s credit guarantee scheme aims to help SMEs overcome challenges in accessing financing from conventional banks https://gulfbusiness.com/edb-ministry-of-economy-honours-partner-banks/
UAE’s EDB, Ministry of Economy recognise partner banks Read More »
Credit and finance for MSMEs: SMEs are vital to India’s economy, contributing 40 per cent of the nation’s GDP and around 43% of its exports. However, these businesses face significant financial management challenges, compounded by their need for funds. Although various funding sources are available for SMEs in India, secured and unsecured bank loans remain the most widely
How removal of foreclosure charges from SME loans can benefit banks and government also Read More »
British Business Investments is providing Praetura Group’s Kingsway Finance with a £10m block discounting funding facility. The finance provider will use British Business Investment’s capital to offer more loans to UK SMEs. It issues SMEs with loans from £5,000 up to £25m. Peadar O’Reilly, CEO of Praetura Group’s lending division, said: “SMEs need funding on the
Kingsway Finance secures £10m for SME loans Read More »
The bank will now transition from a branch of Estonian AS LHV Pank to a fully authorised UK bank regulated by both the PRA and FCA. The decision to pursue a UK banking licence was made in 2021, and LHV submitted its application in March 2022. LHV UK Limited will shortly submit an application to
LHV UK secures banking licence from the PRA Read More »