Washington, D.C., May 19th, 2020 –nanopay Corporation 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.
“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 nanopay to our network of more than 180 members who are working to eliminate the finance gap for SMEs,” said Matthew Gamser, CEO of the Forum.
nanopay’s platform is built using hybrid blockchain technology that combines the best features of blockchain and conventional databases. The main differentiator is that the blockchain is centralized–ideal for both cross-border and domestic payments. Available by API or white-labeled platform, nanopay offers a variety of services to support SMEs. Most notably is the ability for smaller banks and financial institutions to leverage nanopay’s technology to build their own real-time rail. This will enable instant, cross-border, cross-currency transactions between the businesses on the platform. Plus, instant clearing and settlement will help smaller sized lenders source liquidity without relying on cumbersome correspondent banking networks.
“We are incredibly excited to join our distinguished peers as members of the SME Finance Forum, both to share our experience and learn from other members. As we continue to expand into multiple geographies, becoming members of the Forum and attending exclusive events will open new horizons for our company,“ said Laurence Cooke, Founder and Chief Executive Officer of nanopay Corporation.
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 nanopay Corporation
Founded in 2013, nanopay is a global payments technology company offering payment and liquidity management products for businesses and banks. Built on hybrid blockchain technology, their platform improves throughput, simplifies governance, and reduces cost. nanopay’s long term goal is to lead the world's transition to digital cash. nanopay is privately funded, led by the Merchant Banking Division of Goldman Sachs.
Media Contact
Carina Carrasco
ccarrasco@worldbank.org
Kristi Lewis
kristi@nanopay.net
