Washington, D.C., March 3rd, 2020 – Banking Circle has become the newest member of the SME Finance Forum, a global membership network that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs.
“40 percent of small and medium businesses worldwide struggle to get access to the credit and capital that they need to grow their enterprises. We are delighted to welcome Banking Circle to our network of almost 180 members who are working to eliminate the finance gap for SMEs,” said Matthew Gamser, CEO of the Forum.
Banking Circle is a financial infrastructure provider to payments businesses and banks. As a fully licensed bank, free of legacy systems, Banking Circle technology enables payments companies and banks of any scale to seize opportunities in the new economy - quickly, at low cost and with world-class compliance and security – with direct access to clearing that bypasses old, bureaucratic and expensive systems. Banking Circle solutions are increasing financial inclusion. From accounts to lending, international payments to settlements and risk hedging to compliance, Banking Circle technology is helping thousands of businesses transact across borders in a way that was previously not possible.
“The SME Finance Forum is a great way for us to connect with businesses that are working hard to tackle the financial exclusion challenges facing smaller businesses around the world”, explained Miranda McLean, Global Head of Marketing, Banking Circle. “We are looking forward to sharing the knowledge gathered throughout the years while networking with colleagues in the SME ecosystem."
To see all SME Finance Forum members, please visit: https://www.smefinanceforum.org/members/member-list
About SME Finance Forum
The SME Finance Forum was established by the G20 Global Partnership for Financial Inclusion (GPFI) in 2012 as a knowledge center for data, research and best practice in promoting SME finance. As an implementing partner for the GPFI, the International Finance Corporation (IFC) was tasked with managing the initiative.
About Banking Circle
Banking Circle is a financial infrastructure provider to payments businesses and banks. As a fully licensed bank, free of legacy systems, Banking Circle technology enables payments companies and banks of any scale to seize opportunities in the new economy - quickly, at low cost and with world-class compliance and security – with direct access to clearing that bypasses old, bureaucratic and expensive systems.
Banking Circle solutions are increasing financial inclusion. From accounts to lending, international payments to settlements and risk hedging to compliance, Banking Circle technology is helping thousands of businesses transact across borders in a way that was previously not possible. Banking Circle is owned by EQT VIII and EQT Ventures in partnership with Banking Circle’s founders. Headquartered in Luxembourg, Banking Circle has offices in London, Germany, the Netherlands, and Denmark.
Media Contact
Carina Carrasco
ccarrasco@worldbank.org
info@bankingcircle.com
