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Bridging the SME financing gap with tech

Deep Singh
Deep Singh10/5/2021 12:00 PM GMT+08  • 6 min read
Bridging the SME financing gap with tech
Here's how technology can help disburse loans to SMEs quickly, and at respectable rates and interest.
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As the ripple effects of the pandemic continue to impact economies globally, small and mid-size enterprises (SMEs) continue to be squeezed.

Lockdowns, travel bans, social distancing measures and curtailed economic activity more broadly have pushed SMEs to the brink – and sometimes over. Revenues have been hit, and operations untenable.

Even for well-run businesses, obtaining credit at the point of need at a reasonable rate has been an Achilles' heel for a long time. While several banks have been more forthcoming in lending to SMEs since the onset of the pandemic—predominantly driven by government-assisted financing and risk-sharing schemes—the reality is their businesses have been hit hard.

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