SME Bank attends the launching ceremony of the “Digital Platform Accelerator Cohort 2”

Technology Sector is key to developing SMEs and national economic growth, which the Royal Government considers a priority sector.

SME Bank of Cambodia is honored to co-sponsor the “Digital Platform Accelerator Cohort 2” which launch on 21st March 2023 by presided of H.E. Dr. Taing Nguonly, Executive Director of Techo Startup Center. SME Bank of Cambodia represented by Mr. Neav Sokun, Chief Operating Officer, and Mr. Den Davuth, Chief Technology Officer also invited as VIP guests at the launching ceremony.

Digital Platform Accelerator cohort 2 is a 16-week program designed to support digital startups that can offer innovative digital platforms that MSMEs can embark on digital adoption in their business operation.

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The Policy Research Institute (PRI), Ministry of Finance, Japan, in cooperation with the Micro Business and Individual Unit, the Japan Finance Corporation (JFC-Micro), conducted a seminar on Tuesday
The Cambodian financial market is developing rapidly and approaching the saturation stage. However, most commercial banks and MFIs are introducing both cash-flow and collateral-based lending. In general, they required real-estate property such as land and/or building to be served as collateral. According to the feedback from the market, some small and medium enterprises (SMEs) are not able to get loans from banks or MFIs due to collateral requirements.