Washington, D.C., March 19, 2018 – Fidor Group 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 Fidor 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.
Fidor Bank is an EU licensed digital bank with core markets in Germany, the U.K. and France. Fidor Solutions is a fintech company providing technology to Fidor Bank and other white labelled customers who are on Fidor’s open bank platform FidorOS. Fidor also launched a new proposition in which fintech companies can participate and offer their services on a digital marketplace, which is called Fidor Finance Bay.
"Matt’s enthusiasm and leadership with the global financing needs for MSMEs, makes membership in the SME Finance Forum appetizing,” said Ge Drossaert, Member of the Board for Fidor Group. “With Fidor’s many offerings to the sector, it is important to be among our peers to exchange knowledge and best practices that will aid in promoting access to finance for MSMEs.”
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 Fidor Group
Fidor Bank is a digital bank licensed in Germany and headquartered in Munich. The Fidor Smart Account is for retail and business customers in Germany and currently for retail customers in the UK. Fidor Bank fully embraces the 21st century and aims to build the first truly digital bank. Fidor Solutions provides existing financial, retail and telecoms institutions and startup banks the chance to bring digital technology to the heart of their businesses.
