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The Role of Fintech in Supporting Small and Medium Enterprises (SMEs) Lending

Year: 2024

Type: article

Abstract: This study examines the transformative role of financial technology (fintech) in addressing the financing challenges faced by small and medium enterprises (SMEs). SMEs, which are essential to economic growth and job creation, often struggle to secure funding due to stringent requirements imposed by traditional banks. Fintech innovations?such as peer - to - peer (P2P) lending, online lending marketplaces, blockchain, and AI - driven credit scoring are reshaping the SME lending landscape, offering accessible, efficient, and flexible financing solutions. By analyzing key technological advancements and case studies, this paper explores how fintech improves access to capital, supports economic growth, and promotes financial inclusion for SMEs, particularly in underserved regions.

Source: International Journal of Science and Research (IJSR)

DOI: 10.21275/sr241129022204

Author: Ghanem M Elsayed

Language: English

Topic: FinTech, Crowdfunding, Digital Finance

Subfield: Management Information Systems

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Decent work and economic growth, Industry, innovation and infrastructure, Reduced inequalities

Open Access status: diamond

OpenAlex ID: W4404934270

FWCI:

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Related to: 10