Dutch Fintech Finturi selected to showcase its innovation during the Global SME Finance Forum 2020
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.
The SME Finance Forum works to expand access to finance for small and medium businesses. The Forum operates 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.
This year the Global SME Finance Forum witnessed a participation of more than 2200 participants registered from 800 institutions and 140 countries. Along with discussing the current state of SME Finance, 10 emerging FinTech’s were chosen to showcase their innovation in front of the industry leaders during the forum.
Dutch Fintech startup Finturi showcased its innovation during the SME Finance Forum 2020. Finturi got approval from AFM (Dutch Authority of Financial Markets) earlier this year and has since then helped quite a few SMEs with finance against their invoices. Finturi aims to use new technologies like blockchain and artificial intelligence in order to reduce administrative cost, increase security and automate processes thus making financing much more efficient and affordable for the businesses.
Finturi connects SMEs with Financiers and enables SMEs to get asset-based financing. SMEs can use invoice as an asset to request financing on Finturi platform. Finturi is a super flexible working capital solution for SMEs. SMEs maintain their relationship with debtor while getting paid for invoices early and Finturi finances invoices starting from 1000 euros. You can see Finturi’s pitch below.
Find out more about Finturi here.