Inclusive Finance for MSMEs – Opportunities and Challenges for Startups
Access to Finance for Micro, Small and Medium Enterprises (MSMEs) remains a major gap in today’s market.
75% of MSMEs raise capital from friends, family, and colleagues rather than from formal financial institutions or services. This means that 75% of MSMEs are left out of opportunities to access formal financial services. This opens up a vast market for financial technology (fintech) startups in general, and for inclusive finance solutions for MSMEs in particular.
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