Category: SME
Funding Societies, a digital finance platform, has secured a US$50 million investment from Cool Japan Fund (CJF), Japan’s sovereign wealth fund.
To kickstart this initiative, two specialized teams of 25 seasoned bankers—each with an average of over a decade of experience supporting SMEs across the region—will spearhead efforts to assist businesses.
The NMMB recognises companies that meet stringent quality standards, facilitating their entry into regional and international markets. This initiative aligns with SME Corp. Malaysia's Business Strategic Plan, which prioritizes PMKS internationalization.
The collaboration will leverage a US$5m grant from the Mastercard Impact Fund to support up to US$1b of ADB financing to financial institutions for lending toward micro, small, and medium enterprises (MSMEs).
PT Bank Negara Indonesia (Persero) Tbk (BNI) has entered into a strategic collaboration with PT Berdayakan Usaha Indonesia (Batumbu), a fintech lending platform, to enhance financing access for micro, small, and medium enterprises (MSMEs) across Indonesia.
PayMate, a B2B payments platform, has launched its Business Payments app in Malaysia to encourage better financial management and business growth for small and medium-sized enterprises (SMEs) in the country.
Boost Bank has announced the upcoming launch of its SME financing services in early October. This underscores the bank’s commitment in driving financial empowerment and inclusivity for both SMEs and MSMEs across the nation.
Kuala Lumpur, Malaysia – PayMate, a business-to-business (B2B) payment solutions provider, has forged a strategic partnership with De’Xandra, a Malaysian perfume brand. The partnership aims to transform B2B payment processes and boost the growth of Malaysian small and medium-sized enterprises (SMEs)....
The data showed that MSMEs registered as business entities tend to have a better understanding of financial management systems and business risk planning. This results in a healthier financial score of 60.2, compared to those without an entity, who score 47.4.
While helping MSMEs overcome financial challenges, Validus' establishment of a debt facility in Indonesia also aims to boost the businesses' contribution to the country's economic development.
