Cambodia is one of the fastest growing economies in the world with a growth rate of around 7% per annum over the last 10 years. While FDI, especially garment and industry remains the major contributor of the country’s export, SMEs dominates the country’s economic activities making up over 95% of total economic establishments and employing more than 2/3 of the workforce. The Royal Government of Cambodia recognizes the key role of SMEs in further economic growth and job creation. Digitalization of the SMEs is now high on the agenda of the government in the effort to support SMEs development. To contribute to this latest government effort, moving Cambodia SMEs development to the next level, Kiu Cambodia is stepping in.
Established last 2018, Kiu is helping boost the fintech industry in Cambodia using technology solutions like Kiu Business Management Platform (BMP). Kiu helps digitize and educate business owners on how they can improve their business processes, establish credibility and gain easier access to loans using Kiu BMP.