Washington, D.C. May 3, 2019 – GRAB Financial Services Asia (GRAB) 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 GRAB join our network of 150 members who work to expand access to finance for small and medium businesses,” said Matthew Gamser, CEO of the Forum.
GRAB is a technology company that leverages data to provide credit profile and lending services to underserved consumers in Singapore and neighboring Southeast Asian nations. GRAB has expanded beyond its ride-hailing service and has become the largest online-to-offline platform in Southeast Asia. The company offers micro loans and working capital.
“We understand that financial inclusion can be tailor-made,” said Ankur Mehrotra, Managing Director, Head of Lending. “We utilize data and technology to make the lives of SMEs easier and believe that the insights and opportunities from the SME Finance Forum can help us perform even better.”
To see all SME Finance Forum members, please visit: https://www.smefinanceforum.org/members/member-list
About SME Finance Forum
The Forum operates 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. Its members share a common commitment to advancing finance so that small and medium enterprises can flourish and grow. The SME Finance Forum was established by the G20 Global Partnership for Financial Inclusion (GPFI) in 2012 and is managed by the International Finance Corporation (World Bank Group).
About GRAB
GRAB is a technology company that leverages data to provide credit profile and lending services to underserved consumers in Singapore and neighboring Southeast Asian nations. The company provides micro loans and working capital.
Media Contact
Carmen Smith
csmith11@ifc.org
