Articles with tag: ifc

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IFC and UBA to train Ugandan SMEs to face pandemic crisis

11 Aug 2020 | E-invoicing, SCF & E-procurement

IFC, a member of the World Bank Group, and the Uganda Bankers Association (UBA) has partnered to train financial institutions and SMEs regarding the COVID-19 crisis.

IFC, UBA, Uganda, financial, banks, SMEs, COVID-19, coronavirus, pandemic, World Bank Group, Uganda Bankers Association, UBA, partnership, digital

Dubai International Financial Centre partners with a Chinese fintech platform

27 Jul 2020 | E-invoicing, SCF & E-procurement

Dubai International Financial Centre (DIFC) has signed a MoU with Jiaozi Fintech Dreamworks, a China-based fintech innovation and entrepreneurship platform.

DIFC, fintech, China, Dubai International Financial Centre, Dubai, MoU, Jiaozi Fintech Dreamworks, China, innovation, entrepreneurship, Middle East, Africa, South Asia, MEASA, UAE, Belt and Road, partnership, People’s Bank of China, banks

Equity Bank secures USD 50 mln IFC-loan for Kenya-based SMEs amid COVID-19

22 Jul 2020 | E-invoicing, SCF & E-procurement

World Bank Group member IFC has provided a $50 million loan to Equity Bank Kenya to help small and medium-sized enterprise (SME) clients facing COVID-19 challenges.  

World Bank Group, IFC, Equity Bank, Kenya, Africa, SMEs, loan, lending, COVID19, Kenyan businesses, trade, transport, pandemic, trade chain, value chain, foreign financing flow, tourism revenue

IFC provides USD 50 mln loan to Access Bank for Nigeria-based businesses amid Covid-19

20 Jul 2020 | E-invoicing, SCF & E-procurement

World Bank Group member IFC has provided a USD 50 million loan to Access Bank to help the bank increase liquidity to SMEs in Nigeria challenged by COVID-19. 

IFC, Access Bank, World Bank Group, Nigeria, SMEs, covid 19, Africa, loan, fast track financing support package, fast track facility, trade financing, working capital, business clients, disrupted cash flows, retail bank

IFC invests EUR 25 mln in NSIA, helps finance businesses in Côte d'Ivoire during COVID-19

13 Jul 2020 | E-invoicing, SCF & E-procurement

IFC, a member of the World Bank Group, has announced a EUR 25 million, one-year senior loan to NSIA Banque Côte d’Ivoire (NSIA), allowing the bank to extend new trade-related or working capital loans to companies whose cash flows have been disrupted by the Covid-19 pandemic.

IFC, NSIA, finance, COVID-19, loan, cash flow, Côte d’Ivoire

IFC, Citi roll out USD 800 mln facility for trade finance in emerging markets

02 Jul 2020 | E-invoicing, SCF & E-procurement

IFC and Citi have created an USD 800 million facility to support trade flows in developing countries and help businesses amid the pandemic.

IFC, Citi, facility, trade finance, emerging countries, World Bank, pandemic, covid-19, cash flow, trade assets, trade volume, Global Trade Liquidity Program, IDA countries

Figopara secures USD 1 mln in financing round

11 May 2020 | Online & Mobile Banking

Turkey-based fintech Figopara has raised a million dollars in its second financing round.

Turkey, fintech, Figopara, IFC, The World Bank’s International Finance Corporation, Revo Capital, Endeavor Catalyst, SMEs, invoices, lenders, Akbank, Fibabanka, ING Turkey, Yapi Kredi Bank

World Bank Group increases COVID-19 response to USD 14 Billion

19 Mar 2020 | Payments General

The World Bank and IFC have approved a USD 14 billion financing package of fast to assist companies and countries dealing with the COVID-19 pandemic. 

World Bank, IFC, International Finance Corporation, financial aid, financial support, world, COVID-19, coronavirus

World Bank Group announces up to USD 12 Billion for COVID-19 country response

04 Mar 2020 | Payments General

The World Bank Group is making available up to USD 12 billion to assist countries coping with the health and economic impacts of the global COVID-19 outbreak. 

The World Bank Group, World Bank, COVID-19, coronavirus, IDA, IBRD, IFC, International Finance Corporation, lending, low-interest loan

Comviva divests its stake in TerraPay to Prime Ventures, Partech Partners, IFC

03 Mar 2020 | Payments General

Mobility solutions company Comviva has announced its divestment of stake in TerraPay, for an undisclosed amount to a consortium of global investors. 

Comviva, TerraPay, Prime Ventures, Partech Partners, International Finance Corporation (IFC), divestment, stake, payments, PSPs, payment infrastructure services, banks, mobile money operators, money transfer, cross-border

IFC raises trade finance limits to support firms amid COVID-19

24 Feb 2020 | E-invoicing, SCF & E-procurement

The International Finance Corporation has increased trade finance limits for Vietnamese banks to improve their capacity to cover SME payment risks after COVID-19 outbreak.

The International Finance Corporation, IFC, trade finance, payments risk, Vietnam, An Binh Commercial Joint Stock Bank, ABBank, Tien Phong Commercial Joint Stock Bank, Vietnam International Commercial Joint Stock Bank, Vietnam Prosperity Joint Stock Commercial Bank, Asia, APAC

DIFC reveals digital onboarding platform

27 Jan 2020 | Digital Identity, Security & Online Fraud

Dubai International Financial Centre (DIFC) has announced new features of its digital onboarding platform.

DIFC, launch, digital onboarding, optical character recognition, OCR, digital signatures

Demica to provide technology platform to IFC

11 Sep 2019 | E-invoicing, SCF & E-procurement

UK-based working capital solutions provider Demica has announced it will provide its technology platform for IFC’s Global Supplier Chain Finance.

Demica, IFC, Global Supplier Chain Finance, supply chain finance, partnership, UK, working capital solutions, World Bank Group,

DIFC, Mashreq Bank, norbloc to launch KYC data sharing consortium

31 Jul 2019 | Digital Identity, Security & Online Fraud

Dubai International Financial Centre (DIFC), Mashreq, and norbloc have allied to launch the production-ready blockchain KYC data sharing consortium in Q1 2020.

DIFC, Mashreq Bank, norbloc, launch, blockchain, KYC, know your customer, data sharing, consortium, partnership, banking, onboarding, exchange, distributed technologies, banks, government, financial institutions

IFC, Goldman Sachs launch gender-focused trade finance programme

05 Jul 2019 | E-invoicing, SCF & E-procurement

The International Finance Corporation (IFC) and the Goldman Sachs Foundation have launched a first-of-its-kind gender-focused trade finance programme.

IFC, Goldman Sachs, trade finance, Banking on Women-Global Trade Finance Program

IFC credit package boosts SCF for Vietnamese SMEs

28 Mar 2019 | E-invoicing, SCF & E-procurement

The International Finance Corporation and Orient Commercial Bank have signed a deal on a USD 100 mln USD credit package to promote supply chain financing.

The International Finance Corporation, IFC, Orient Commercial Bank, supply chain finance, lending, small and medium sized enterprises, SMEs, Co-Lending Portfolio Programme, Vietnam, Asia, APAC

IFC, Citi provide USD 1.2 bln to support trade in emerging markets

22 Jan 2019 | E-invoicing, SCF & E-procurement

The International Finance Corporation and Citibank have announced signing a USD 1.2 billion risk-sharing facility to help stimulate trade in emerging markets.

IFC, The International Finance Corporation, Citibank, partnership, trade finance, emerging market, Africa, Asia, APAC, emerging market trade flows, funding, risk-sharing facility

Ant Financial, IFC launch financial inclusion programme

16 Oct 2018 | E-invoicing, SCF & E-procurement

International Financial Corporation and Ant Financial, a China-based tech company and the operator of Alipay, have launched the 10×1000 Tech for Inclusion programme.

Ant Financial, IFC, financial inclusion, programme, sustainability, finance