Finfind’s News Roundup for Busy Entrepreneurs 30.6.17

Every week Finfind selects some of the newsworthy articles to help keep busy entrepreneurs up to date and informed about the latest happenings in the world of SME Finance and other SME news. Enjoy.

5 African startups make global CB Insights Fintech 250

African startups BitPesa, Paga, Paystack, Yoco and Zoona have made it onto the Fintech 250 list compiled by research firm CB Insights, which selects the best global fintech companies based on a set of criteria.

The Fintech 250 identifies and recognises the 250 most promising, private fintech companies from around the world.

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Peach Payments partners ACI Worldwide to bring Alipay to SA

South African startup Peach Payments has partnered global electronic payment and banking solutions provider ACI Worldwide and payments platform Alipay to launch Alipay in South Africa.

Alipay, operated by Ant Financial Services Group, is the world’s largest online and mobile payment platform, with more than 450 million active Chinese users. It allows merchants to enter the e-commerce market.

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Abt Associates Wins USAID Award for Small Business Partnership Success

Abt Associates has won the first-ever U.S. Agency for International Development (USAID) Large Business Contractor of the Year Award for success in partnering with U.S. small businesses.

USAID’s Office of Small and Disadvantaged Business Utilization presented Abt with the award during the Agency’s 10th Annual Small Business Conference in recognition of Abt’s commitment to the development and growth of small businesses in international development.

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South Africa: KZN’s Operation Vula to Boost Small Business, Transform Economy

The KwaZulu-Natal Provincial Government has launched a ground-breaking policy programme geared towards improving the participation of small businesses and small scale farmers in the economy.

“Operation Vula” and its subsidiary, known as the Radical Agrarian Socio-Economic Transformation (RASET), were launched by President Jacob Zuma and the KZN provincial government in Ixopo on Tuesday.

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Why SMEs need to fight back against cyber crime

Affinion’s Karen Wheeler explains why cyber crime is a threat to SMEs and the steps they can take to start taking security seriously.

Cyber crime has dominated the UK’s headlines in recent months, from the high-profile WannaCry attack on the NHS, to Barclays’ declaration of war on cyber criminals.

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7 European Banks Form Blockchain Consortium For SMEs

Seven of Europe’s largest banks have formed a consortium to build and operate a new trade finance platform based on IBM blockchain powered by Hyperledger Fabric. Their aim is to improve domestic and cross-border service trade payments for small and medium enterprises (SMEs) in Europe.

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Why Entrepreneurs Need To Challenge Their Own Assumptions

When a friend of mine asked me to start an email newsletter last year, I hesitated. I know there are some really good newsletters out there with content you can’t get anywhere else. Yet every time I subscribe to one I find myself skimming for a few emails, then leaving them unread for a few months before I finally unsubscribe.

But my friend was insistent. She wanted something “Like theSkimm but just good news,” she said.

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Your Biggest, Most Expensive Blind Spot As An Entrepreneur

According to new studies, it turns out that the vast majority of entrepreneurs have a glaring financial blind spot. A survey of business owners by BMO Wealth Management found that only a fraction of entrepreneurs are prepared for retirement. In fact, three-quarters of the survey respondents (aged 18-64) had less than $100,000 set aside for retirement.

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