Open accounting APIs have enabled lenders to get access to rich accounting data on their…
Access to financing continues to be one of the biggest issues for micro, small and medium sized enterprises. Globally, SMBs still have unmet credit needs totalling US$2.1 to US$2.6 trillion.
SMEs are a profitable segment for lenders as many require funding and loans to run their operations. However, they vary significantly and so do their financial needs. This has posed challenges for those looking to serve this nuanced market.