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Yuze Expands Business Banking Offerings to India, Supporting SME Growth in the Region

The Fintech Times

Its offerings include digital business accounts, automated invoicing, expense tracking tools, and a seamless digital onboarding process. Designed to serve the needs of micro and small businesses (SMEs) and freelancers, Yuze offers financial solutions that look to support local businesses and fuel growth in Indias economy.

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Singapore’s ANEXT Bank Reports Doubling of Its MSME Clients

Fintech News

ANEXT Bank, a digital wholesale bank based in Singapore and a subsidiary of Ant International, has reported a substantial increase in its micro, small, and medium enterprise (MSME) customer base. ANEXT Bank continues to focus on serving the underserved MSMEs.

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SFF 2024 Awards Highlights Fintech Innovation with Updated Categories, New AI Focus

Fintech News

Over 200 submissions were received across six categories, with 175 entries in the corporate categories and 29 in the individual Fintech Mentor Award category. Each day, approximately 500 micro and small business owners use their app to apply/request for a business loan. To date, the solution has disbursed $16.5

AI 106
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Micro-Businesses? Major Role In SMB Banking Disruption

PYMNTS

Solopreneur, independent contractor, freelancer, gig worker – regardless of the name, micro-business owners can largely agree that, when it comes to traditional banking, they’re often left out in the cold. “I think we can all agree that small businesses are at the epicenter of our economy. .

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HSBC Supports Funding Societies With Third Credit Facility to Support APAC Businesses

The Fintech Times

Southeast Asian digital finance platform for micro, small and medium enterprises (MSMEs), Funding Societies , has signed its third credit facility with HSBC under its ASEAN Growth Fund. Furthermore, the region still has a $2.5trillion credit access gap, making up over half of the global shortfall in small business financing.

APACS 52
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What are Developing Countries Doing to Improve Access to Finance?

The Fintech Times

“Microfinance institutions and digital lending platforms are gaining traction, providing credit to small businesses and individuals who lack traditional collateral.” Traditional banks struggle with high-risk borrowers, so microfinance companies step in, providing credit to individuals and small businesses.

Finance 59
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13 Southeast Asian Fintechs Among CNBC’s Global Top 250 List

Fintech News

The company provides flexible capital access to small and medium-sized enterprises (SMEs) with competitive interest rates and flexible options in loan tenors, payment models, and collateral participation. Akseleran connects small businesses in need of loans with groups of diverse lenders to secure necessary funding.

FinTech 133