Minimum documentation. Faster processing. Easy access to credit. No wonder, fintech startups have transformed the face of business in underserved markets and unveiled a world of possibilities for small and medium enterprises by making these promises a reality.
For the ubiquitous MSMEs (micro, small, and medium enterprises), securing business loans from traditional banks have always been a challenge because of heavy paperwork, strict lending criteria, and lengthy processes.
Fintechs discovered the sweet spot in this. They have bridged…