POSTED 27 Jul 2018 - 12:30

How can an SME tap on fintech?

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Are there ways SMEs can get access to fintech and use it effectively?
Brett
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Responses

Linkflow Capital
30 Aug 2018 - 18:08

Most fintech startups and solutions are targeted at either individual consumers, enterprises or banks. However, SMEs do have some great options in accessing suitable fintech solutions.

For payments, SMEs can consider companies that facilitate payments via mobile wallet and payment services. There are also companies that offer SMEs access to funding via untapped credit limit in credit cards.

For lending solutions, peer-to-peer platforms provide alternative sources of lending as compared to traditional banks. Small businesses can also compare SME loans.

SMEs can look out for an easy invoice financing and factoring solution. Equity raising platforms can help promising SMEs raise equity online too. Over time, there will be more fintech solutions that will cater to SMEs to tap into.

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