SME Bank

The Saudi Venture Capital Ecosystem Aggregated A Record-breaking $1.4Bn in Capital Deployed in 2023

Retrieved on: 
Thursday, January 11, 2024
SVC, Fintech, PR, Environment, Entrepreneurship, IPO, SME, SME Bank, Dwight (The Walking Dead), Cryptocurrency

According to the report published today by the venture data platform MAGNiTT, and sponsored by SVC, the Kingdom captured the highest share of total funding in the MENA region in 2023.

Key Points: 
  • According to the report published today by the venture data platform MAGNiTT, and sponsored by SVC, the Kingdom captured the highest share of total funding in the MENA region in 2023.
  • VC funding in Saudi Arabia accounted for 52% of the total capital deployed in the region in 2023, increasing from 30% in 2022.
  • 2023 also achieved a new record for the Kingdom’s MEGA deal (more than $100M) funding, which stood at $879M (SAR 3.3Bn) across 4 deals, where the Saudi deals captured 77% of all MENA mega deals.
  • This is demonstrated by the launch of several initiatives and programs that contributed to the evolvement of the VC ecosystem in Saudi Arabia at an unprecedented pace”.

More than $2.8 billion worth of agreements signed on Day 3 of Biban 2023

Retrieved on: 
Sunday, March 12, 2023
Professional Services, Business, Woman, Entrepreneurship, Convention center, Small, PwC, SME, Conference, Microsoft, SME Bank, EWC, Multimedia, ZOHO, Pădina Mare, Growth, Vision 2030, GoDaddy, Memorandum of understanding, Arms industry, Online shopping, Kingdom

In line with Vision 2030, Monsha’at has signed a range of agreements with a selection of leading regional and global entities.

Key Points: 
  • In line with Vision 2030, Monsha’at has signed a range of agreements with a selection of leading regional and global entities.
  • In addition, it signed an MoU with Neoleap: the global digital solutions company, and GoDaddy, the leading domain registrar.
  • One of the major highlights of the day was a $2.8 billion funding sum delivered by SME Bank across its programs over 3 years.
  • These partnerships mark the latest arrangements announced at Biban 2023: Saudi Arabia’s flagship startup and SME forum.

Former President of a Billion-Dollar State Enterprise Bank "SME Bank Thailand" Appointed as New CEO of Capital Trust Group Limited, New Zealand

Retrieved on: 
Friday, March 3, 2023
Government, SME, Policy, SME Bank, Cryptocurrency

Summary: Capital Trust Group announced the appointment of Manoonrat Lertkomolsuk as its new Co-Chief Executive Officer. Manoonrat is a Former President of a billion-dollar state-owned bank "SME Development Bank of Thailand"

Key Points: 
  • Auckland, New Zealand--(Newsfile Corp. - March 3, 2023) - Capital Trust Group Limited, a significant investment management firm, has announced a new Co-CEO, who is the former President of a billion-dollar state enterprise bank, "Small and Medium Enterprise Development Bank of Thailand."
  • Mr. Manoonrat Lertkomolsuk has more than thirty-years experience in U.S. and Asia.
  • He is former Managing Director of ING Asset Management (Thailand) and former President of Small and Medium Enterprise Development Bank of Thailand.
  • SME Bank's legal status is as a state enterprise due to its government ownership, specific policy role, strategic importance to the government, as well as ongoing financial support and control by the Thai government.

EQS-News: Multitude SE: Mantvydas Štareika starts to head CapitalBox as Tribe CEO and joins the leadership team

Retrieved on: 
Sunday, December 18, 2022
WKN, European, Compagnie Française d'Assurance pour le Commerce Extérieur, Bachelor, Master of Business Administration, Master, Insurance, ISIN, SME, Growth, Business administration, SME Bank, Management, Baltic states

Helsinki, 13 December 2022 – Multitude SE (ISIN: FI4000106299, WKN: A1W9NS) (“Multitude” or “the Group”) announces that Mantvydas Štareika started yesterday as Tribe CEO for one of Multitude Group’s independent business units, CapitalBox and joins the leadership team.

Key Points: 
  • Helsinki, 13 December 2022 – Multitude SE (ISIN: FI4000106299, WKN: A1W9NS) (“Multitude” or “the Group”) announces that Mantvydas Štareika started yesterday as Tribe CEO for one of Multitude Group’s independent business units, CapitalBox and joins the leadership team.
  • Mantvydas joins Multitude as seasoned leader and brings with him a wealth of experience having spent the past 16 years in the financial services industry.
  • Mantvydas succeeds Oscar Barkman, previous CEO of CapitalBox, who left to pursue opportunities outside of the Group.
  • “We warmly welcome Mantvydas to CapitalBox and Multitude’s leadership team.

LatinFinance announces winners of 2022 Banks of the Year Awards

Retrieved on: 
Saturday, November 12, 2022
Neobank, BAC Credomatic, BBVA, LatinFinance, Inter-American Development Bank, Panama, Year, Interbank, Project, CIB Bank, Hispanic Scientist of the Year Award, Geography, J. P. Morgan, BTG Pactual, Citigroup, SME Bank, Mercantil Banco, European Investment Bank, Digital transformation, Investment banking, Intelligence, Banco Pichincha, Scotiabank, Banco Santander Chile, Bank, Online shopping, Fishing, Payment card, Financial services, Renewable energy, Pension fund, Drug

MIAMI, Nov. 12, 2022 /PRNewswire/ -- LatinFinance has announced the winners of its 2022 Banks of the Year Awards.

Key Points: 
  • MIAMI, Nov. 12, 2022 /PRNewswire/ -- LatinFinance has announced the winners of its 2022 Banks of the Year Awards.
  • TheBanks of the Year Awards celebrate the financial institutions in Latin America and the Caribbean that best demonstrated excellence in retail, commercial and investment services in the last year.
  • The full list of winning institutions can be found in a special Banks of the Year supplement to LatinFinance magazine.
  • LatinFinance is the leading global platform providing intelligence on the financial markets and economies of Latin America and the Caribbean.

LatinFinance announces winners of 2022 Banks of the Year Awards

Retrieved on: 
Saturday, November 12, 2022
Neobank, Multimedia, BAC Credomatic, BBVA, LatinFinance, Inter-American Development Bank, Panama, Year, Interbank, Project, CIB Bank, Federal Engineer of the Year Award, Geography, J. P. Morgan, BTG Pactual, Citigroup, SME Bank, Mercantil Banco, European Investment Bank, Digital transformation, Investment banking, Intelligence, Banco Pichincha, Scotiabank, Banco Santander Chile, Bank, Online shopping, Fishing, Payment card, Financial services, Renewable energy, Pension fund, Drug

MIAMI, Nov. 11, 2022 /PRNewswire/ -- LatinFinance has announced the winners of its 2022 Banks of the Year Awards.

Key Points: 
  • MIAMI, Nov. 11, 2022 /PRNewswire/ -- LatinFinance has announced the winners of its 2022 Banks of the Year Awards.
  • The winners are determined by LatinFinance's editorial staff based on an exhaustive selection process.
  • The full list of winning institutions can be found in a special Banks of the Year supplement to LatinFinance magazine.
  • LatinFinance is the leading global platform providing intelligence on the financial markets and economies of Latin America and the Caribbean.

DreamStart Labs and BRAC Bank Partner to Reach Unbanked Women in Bangladesh

Retrieved on: 
Tuesday, July 19, 2022
Ethics, USAID, Poverty, CEO, Woman, Global Alliance for Banking on Values, Solution, Dhaka Stock Exchange, SAN, BRAC Bank Limited, Technology, Dream, GABV, World Vision International, MFI, S&P Global Ratings, Global Alliance, SME, Inclusive, Silicon, Medicine, World Bank, Small business, Fast Company, Efficiency, SME Bank, Partnership, Compliance, World, Population, Bank, Mobile phone, Drug, AI

SAN DIEGO and DHAKA, Bangladesh, July 19, 2022 /PRNewswire/ -- DreamStart Labs, an award-winning fintech for emerging markets, and BRAC Bank, a leading commercial bank in Bangladesh, announced they have entered into an agreement to provide digital financial services to unbanked women in Bangladesh. Under terms of the agreement, BRAC Bank will use technology from DreamStart Labs to help women in rural communities access affordable small business loans. 

Key Points: 
  • SAN DIEGO and DHAKA, Bangladesh, July 19, 2022 /PRNewswire/ -- DreamStart Labs, an award-winning fintech for emerging markets, and BRAC Bank, a leading commercial bank in Bangladesh, announced they have entered into an agreement to provide digital financial services to unbanked women in Bangladesh.
  • Under terms of the agreement, BRAC Bank will use technology from DreamStart Labs to help women in rural communities access affordable small business loans.
  • Through this alliance, unbanked women in Bangladesh will use the award-winning DreamSave app from DreamStart Labs to create informal community savings groups.
  • "DreamStart Labs is delighted to work with BRAC Bank to bring our innovative technology to unbanked women in Bangladesh."

Hepsiburada Appoints New Executive to Lead its Financial Services

Retrieved on: 
Wednesday, June 1, 2022
Woman, McKinsey & Company, Company, Clark Construction, Marketing, Boğaziçi University, Retail banking, QNB Finansbank, HEPS, MBA, Business, Partnership, Female, Investment, University, SME Bank, Commerce, Growth, Civil engineering, Technology, Acquisition, NASDAQ, QNB Group, E-commerce credit card payment system, BS, Management, Online shopping, Financial technology

Mr. Aydn will report to Mr. Murat Emirda, Chief Executive Officer of Hepsiburada.

Key Points: 
  • Mr. Aydn will report to Mr. Murat Emirda, Chief Executive Officer of Hepsiburada.
  • In his role as Chief Executive Officer of Hepsi Finansal, Mr. Aydn will oversee the broader financial service operations of Hepsiburada.
  • Prior to Hepsiburada, Erkin Aydn worked in various positions at QNB Finansbank A.., the Turkish subsidiary of Qatar National Bank (Q.P.S.C.
  • Founded in Istanbul in 2000, Hepsiburada was built to lead the digitalization of commerce in Turkey.

Hepsiburada Appoints New Executive to Lead its Financial Services

Retrieved on: 
Wednesday, June 1, 2022
Woman, McKinsey & Company, Company, Clark Construction, Marketing, Boğaziçi University, Retail banking, QNB Finansbank, HEPS, MBA, Business, Partnership, Female, Investment, University, SME Bank, Commerce, Growth, Civil engineering, Technology, Acquisition, NASDAQ, QNB Group, E-commerce credit card payment system, BS, Management, Online shopping, Financial technology

Mr. Aydn will report to Mr. Murat Emirda, Chief Executive Officer of Hepsiburada.

Key Points: 
  • Mr. Aydn will report to Mr. Murat Emirda, Chief Executive Officer of Hepsiburada.
  • In his role as Chief Executive Officer of Hepsi Finansal, Mr. Aydn will oversee the broader financial service operations of Hepsiburada.
  • Prior to Hepsiburada, Erkin Aydn worked in various positions at QNB Finansbank A.., the Turkish subsidiary of Qatar National Bank (Q.P.S.C.
  • Founded in Istanbul in 2000, Hepsiburada was built to lead the digitalization of commerce in Turkey.

FICO Insights: More than 3 in 5 Indonesian SMEs Could Ditch Traditional Banks in 2022

Retrieved on: 
Wednesday, May 11, 2022
Consulting, Banking, Professional Services, Finance, COVID-19, FICO, Risk management, SME Bank, NYSE, Telecommunication, Fraud, SG, AUD, SME, Investor, ID, Solution, Research, Growth, Risk, USD, Renewable energy, Online shopping, Bank

Nearly 70 percent of Indonesias SMEs expect to take up new or alternative / non-traditional borrowing products in 2022.

Key Points: 
  • Nearly 70 percent of Indonesias SMEs expect to take up new or alternative / non-traditional borrowing products in 2022.
  • The pandemic put a sudden, massive burden on SMEs, globally, and they didnt think banks did enough to help them, said Aashish Sharma, senior director of decision management solutions in Asia Pacific for FICO.
  • Indonesias SMEs have made it clear that they require financial support in 2022 but are less optimistic about getting it from their main banks.
  • This is a potentially worrying trend for traditional banks, considering there are over 62 million SMEs in Indonesia, which is one for every five Indonesians .