ARTICLE
Time for lenders to adapt to SME needs or risk losing out
25 September 2023
Small and medium-sized enterprises (SMEs) face significant challenges, including continuous changes and turbulent economics. To survive and thrive, SMEs require access to flexible financial support.
However, legacy lenders are failing to meet demand, with the World Bank estimating that MSMEs have an unmet financing need of $5.2 trillion annually, equivalent to 1.4 times the current level of global MSME lending. This is a significant funding gap and a massive opportunity for growth-seeking financial institutions.
Download our paper Lead the $5.2 trillion SME lending opportunity and learn how to overcome lending barriers and deliver faster, seamless new product offerings with a flexible API-enabled cloud platform like Mambu.
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