Washington, D.C., March 27th, 2020 –SimpleCredit 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 SimpleCredit 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.
SimpleCredit is committed to serving consumers and helping SMEs, as well as investing in technological research and development. “We believe it is necessary to maintain our presence in SMEs forums around the globe to further contribute to SMEs healthy growth. As a financial institution, we want to contribute to the international community of SMEs development and agricultural finance,“ said Henry Lam Kin Lok, CEO of SimpleCredit.
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 SimpleCredit
SimpleCredit Micro-Lending Company Limited (SimpleCredit) was established in December 2015 and granted a national network micro-credit business license in June 2016. The current registered capital amounts to 300 million US dollars (paid-in). SimpleCredit is a financial technology company driven by independent technology R&D, positioning in fields including financial big data + AI, blockchain while providing secured, innovative, convenient and highly private financial services for small and medium-sized enterprises, farmers and the general customers. SimpleCredit is serving the whole country, supply chain finance, consumer finance, agricultural finance, comprehensive personal credit, and strategic cooperation among enterprises.
Media Contact
Carina Carrasco
ccarrasco@worldbank.org
