ANEXT Bank, a digital wholesale bank owned by Ant International, has partnered with global asset management company Schroders to facilitate investments for micro, small, and medium enterprises (MSMEs).
This cooperation aims to address the fact that many MSMEs face significant challenges when it comes to investing their funds.
recent anext bank Research shows that four out of five MSMEs have never invested in financial products.
This is primarily due to a lack of available funds, limited understanding of investment options, and a perceived lack of suitable products.
To overcome these barriers, ANEXT Bank will soon offer selected Schroders investment funds on its online banking platform.
This will give MSMEs more options to grow their wealth and complement the bank’s existing term deposit products.
This service provides flexibility for small and medium-sized businesses by ensuring cash flow liquidity with no lock-in period.
The first funds are expected to be available in early 2025, pending regulatory approval.
The partnership will enable MSMEs to easily manage and track their investments within ANEXT Bank’s platform.
The companies also plan to explore innovative solutions such as asset tokenization and sustainable investment options.
To further support MSMEs, ANEXT Bank and Schroders will collaborate on initiatives to promote financial literacy and make investing more accessible.
“By combining the strengths of both companies, we will create even greater value for MSMEs by making high-quality investment products more accessible and opening up a world of financial growth to them.
Excited to take a holistic approach to driving financial inclusion by leveraging Schroders’ leadership and decades of investment expertise and ANEXT Bank’s insights into MSMEs and technology-driven innovation I’m doing it. ”
Toh Su Mei, CEO of ANEXT Bank, said:
“This is our first partnership dedicated to supporting MSMEs by enabling them to start their investment journey and providing easy access to customized educational investment content.
By leveraging ANEXT Bank’s deep expertise in the MSME community and best-in-class global investment capabilities, we aim to explore new investment opportunities and develop innovative solutions to meet evolving needs. ”
Lily Cho, Head of South Asia and CEO of Schroders Singapore, said:
Featured image: (from left) Lily Cho, Head of South Asia and CEO of Schroders Singapore; Mr. Toh Su Mei, CEO of ANEXT Bank
