#SME

UK e-money firm 3S Money launches trade finance fund London-headquartered payments company 3S Money has launched a trade finance fund providing multi-currency loan facilities for SMEs struggling to access support from international banks. The fund is managed by 3S Capital Partners, a wholly owned subsidiary based in the Netherlands and aims to lend at least £100mn over the next three years to smaller and mid-sized companies. Loans will start from £250,000 with flexible durations, 3S Money says. The fund’s primary focus is on European borrowers, but will also serve customers in Asia, the US, Australia and some markets in Africa and Latin America. Trade activity supported includes import and export of soft and hard commodities, niche products and finished goods. 3S Money’s chief executive, Ivan Zhiznevskiy, says SMEs “tend to offer steady flows of low-risk and good returns for our investors”, yet often find their access to finance limited in the traditional banking sector. The Asian Development Bank has suggested that the gap between demand and supply of trade finance grew 15% between 2018 and 2020, reaching an estimated US$1.7tn. In commodities trading, international banks have scaled back the levels of financing provided to smaller traders, focusing instead on the larger end of the market. Read more: https://ngulminthanglhanghal.wordpress.com/2022/03/29/uk-e-money-firm-3s-money-launches-trade-finance-fund/ #AsianDevelopmentBank #electronicmoneyinstitution #finance #SME #Tradefinance #NgulminthangLhanghal #Ngulminthang