Funding Societies signs US$50 million credit facility with HSBC to drive SME growth in Southeast Asia
September 2th, 2022 – Funding Societies, Southeast Asia’s largest Small and Medium Enterprises (SME) digital financing platform, today announced the signing of a US$50 million credit facility* with HSBC Singapore to continue expanding the firm’s...
Aussie businesses charging ahead with global expansion
September 2th, 2022 – Australian businesses have ambitious plans for international expansion, as new data from global fintech Airwallex reveals more than two thirds of small-to-medium Aussie businesses (69%) plan to be operating outside Australia by...
SMEs in Africa: Here today, gone tomorrow
September 1th, 2022 – Despite the significance of SMEs to the economy and national development, Africa has a high rate of business failures and short-lived businesses. In Nigeria SMEs account for 48 percent of the national GDP, 96 percent of busines...
SMEs can improve sustainable packaging practice with new project
August 30th, 2022 – The Entrepreneurs’ Programme and the Australian Institute of Packaging (AIP) have invited SMEs to participate in the Sustainable Packaging SMART Project, to help improve sustainable packaging practices. Developed by the Entrepr...
The digital divide: Why SMEs must cross borders
August 3th, 2022 – In most economies, small and medium-sized enterprises (SMEs) are the backbone, driving growth and employing a large proportion of the working population. Amid the COVID-19 crisis, they had a matter of weeks to expand, or create on...
Digitalisation drives SMEs and start-ups to leverage new multi-currency corporate banking products
August 22th, 2022 – In recent years, the adoption of digital channels has become necessary to survive in an increasingly contested business landscape. With the onset of the pandemic, there has been an accelerated shift to broaden digital services. R...
South Africa’s TymeBank to acquire SME funding fintech
August 8th, 2022 – South African digital bank TymeBank is to acquire Cape Town-based Retail Capital, a lending fintech that provides funding for SMEs in the country. South African digital bank TymeBank is to acquire Cape Town-based Retail Capital, a...
1 in 3 SMEs say they wont survive 6 months into a recession
July 20th, 2022 – As financial experts continue to predict an Australian recession in the next two years, concerning new research has found that 34% of Aussie SMEs would not survive more than 6 months of economic downturn, with 14% unable to survive...
77% of SMEs in Africa, others planning overseas expansion – Report
June 27th, 2022 – Seventy-seven per cent of small and medium-sized businesses in Eastern Europe, the Middle East, and Africa are planning to do more business internationally according to data from Mastercard’s 2022 Borderless Payment Report. The r...
British International Investment launches $25 million funding to grow SMEs in Africa
July 9th, 2022 – British International Investment (BII) and INOKS Capital have announced the launch of a $25 million trade access program to strengthen trade across the African continent by backing the growth of small and medium-sized enterprises. T...
