Washington, D.C., August 14, 2018 – Basware became 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. 

“200 million businesses worldwide need financing to invest, grow and create new jobs. We are proud to have Basware join our network of 140 members who work to expand access to finance for small and medium businesses,” said Matthew Gamser, CEO of the Forum. 

Basware is the global leader in providing networked purchase-to-pay solutions, e-invoicing and innovative financing services. Basware's commerce and financing network connects businesses in over 100 countries and territories around the globe.

"Having participated in the SME Finance Forum event in Berlin last year, we learned that the SME Finance Forum and IFC deal with banks all around the world in order to help SMEs seek finance. As Basware is enabling banks to start offering e-invoicing to SMEs, we feel that Basware is a perfect match for membership," said Vesa Tykkylainen, CEO of Basware. "We strongly believe that e-invoicing will be de facto method for passing invoices between companies in the future."

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. In 2015, the SME Finance Forum partnered with CapitalPlus Exchange to expand and upgrade the former Small Business Banking Network.

About Basware
As the largest open business network in the world, Basware provides scale and reach for organizations of all sizes, enabling them to grow their business and unlock value across their operations by simplifying and streamlining financial processes. Small and large companies around the world achieve significant cost savings, more flexible payment terms, great efficiencies and closer relationships with their suppliers.

Media Contact
Carmen Smith
csmith11@ifc.org