The SME Development and Financing Corporation (SDFC) officially rebranded as SME Digital on Wednesday.
In a post announcing the change on social media, the company said this marks its transformation from a financing provider to a digital enabler aimed at building a connected and thriving SME ecosystem.
SME Digital will continue to offer financing solutions while expanding its services to include market access, financial management tools, and operational efficiency support. Customers can now make payments for SME Digital facilities directly through the BML mobile app, offering a simple, secure, and seamless experience.
The company also announced the upcoming SME Digital Mobile App, an all-in-one hub for SME financing and services. The app will feature a digital marketplace, business planning tools, payment solutions, and real-time access to financing facilities.
“This rebranding marks the beginning of our renewed commitment to transforming the entire ecosystem for small and medium-sized enterprises. SMEs need more than financing—they need digital infrastructure, expertise, and collaboration,” CEO Badhurudheen Hassan said, in the post shared on social media.
Established in 2019, SDFC—now SME Digital—remains the Maldives’ only dedicated institution supporting micro, small, and medium enterprises. In 2025, the Bank of Maldives PLC acquired the government’s shareholding in the company.
