THE FIVE TRILLION DOLLAR GAP
It’s clear that many lenders are successfully funding small to medium businesses across the world, embracing the many opportunities the sector has to offer. Yet many more still have not been able to overcome the challenges that keep the five trillion dollar funding gap from narrowing. We know that the process is complex, time-consuming, and inflexible, but why?
Without the right technology, it's an uphill battle to serve SMEs
The short answer is that traditional lending simply was not made for businesses. The pain points with legacy systems that scare providers away from SME lending still exist in consumer lending, but the processes are inherently simpler, faster, and cheaper because you’re dealing with less data, more standard risk assessment, and smaller loan amounts. Without the right technology, it’s an uphill battle to serve SMEs.
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