Fintech can help save MSMEs hard hit by COVID-19 pandemic – via Weforum.org

Fintech can help save MSMEs hard hit by COVID-19 pandemic – via Weforum.org

Fintech can help save MSMEs hard hit by COVID-19 pandemic – via Weforum.org

The need for capital and credit amongst the millions of MSMEs around the world was already high – but the COVID-19 pandemic placed an unprecendented strain on debt finance. Alternative ways to provide access to capital and credit for MSMEs can be achieved at scale by providing fintech solutions, such as crowdfunding, peer-2-peer lending, invoice factoring and microfinance players.

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