There is an urgent need for fintechs backing up SMEs

Many things are perceived as ‘broken’ in the traditional financial services sector, and new opportunities are made possible by access to new technologies and data.

These fintech innovations take many forms tackling some core pillars in different value chains. From buy now, pay later schemes, remittances, customer to business payments, and business to customer payments, cash flow, liquidity easing, stock financing, open banking, to micro-lending, among others.

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Note: The results are not exact but very close to the actual.