FinTech for Micro, Small and Medium Sized Enterprises: Creating Jobs at the Bottom of the Pyramid Through Financial and Digital Innovation

Paper
Date Published: 
Oct 2016
Author: 
Hieminga, G. & Lande, F.
Publisher: 

Is FinTech the answer for shifting from microfinance to job creation?

The role of financial technology (FinTech) is center-stage in the discussion on how to financially include poor people in developing economies. But the benefits for micro, small and medium enterprises (MSMEs) have gained less attention so far.

This report shifts the focus on to MSMEs as they are important job creators at the bottom of the pyramid. The paper addresses the following questions:

  • Is FinTech the game changer for the traditional bricks and mortar bank model that excludes so many enterprises?
  • How can FinTech improve access to MSME finance and lower its cost?
  • What technologies look most promising?

The results of this study were presented at the “A Billion to Gain” conference in Amsterdam on 11- 12 October 2016.

Type: 
Paper