Emirates Development Bank (EDB) has signed an agreement with Mashreq Bank to offer Credit Guarantee programs to small and medium enterprises (SMEs) and start-ups across the United Arab Emirates. The MoU signed by the two organizations will facilitate financing through credit guarantee and co-lending options to Mashreq Bank’s SME and start-up customers so as to allow them greater operational flexibility. This initiative will ensure that SMEs and start-ups have better access to strategic financing solutions for purchase of equipment, inventory, raw materials and for payment of rent and salaries as well as for business expansion.
FinTech’s Green Revolution: Nurturing Sustainable Practices Among Small Businesses
BY Triterras
- 09/04/24
Ashish Srivastava, our Triterras' Chief Commercial Officer shares in-depth with Intelligent Fin.Tech, a global technology intelligence platform which gathers the latest financial information, on how FinTech has emerged as a crucial catalyst, motivating and supporting small to medium enterprises on their path towards environmental responsibility through sustainable trade finance.