Dubai, UAE, 26 November 2017: Thomson Reuters and National Bank of Fujairah (NBF) announced today that they have partnered to offer tailored funding solutions to SMEs in the UAE through the Thomson Reuters Accelerate SME platform (http://acceleratesme.com).
Thomson Reuters Accelerate SME serves as the only digital gateway to the SME ecosystem in the MENA region. As the platinum banking partner on the Accelerate SME platform, community members will be able to apply for a range of NBF's banking offerings including term loans, working capital financing and SME banking account packages. This partnership demonstrates NBF's commitment to further engage with SMEs and assist them with access to the capital that they need to finance their business growth.
“SMEs and entrepreneurs are the backbone of the private sector in the UAE and will need funding to grow their contribution to the economy” said Nadim Najjar, Managing Director, MENA, Thomson Reuters. “We are very excited to partner with NBF who are looking for innovative ways to increase their lending to the SME sector.”
“NBF is an active lender to SMEs in the UAE, providing small businesses with access to funding offerings that support their development at every stage of the business lifecycle,” said Vince Cook, CEO of National Bank of Fujairah. “Thomson Reuters Accelerate SME provides our bank with the opportunity to connect directly with the SME community and demonstrate our commitment to being the funding partner of choice to small business.”
Tina Ghanem, Head of Thomson Reuters Accelerate SME, said: “We are proud to partner with NBF, who are an award-winning banking partner with a strong track record of lending to SMEs. We know that their tailored SME funding offerings for SMEs now available through our platform will be highly beneficial to our Accelerate SME community.”