to 445 million formal and informal micro, small, and medium enterprises, with a subset of 25 to 35 million formal SMEs …

frictions that SMEs face to access finance. Section three explores how digitization is an enabler for SME finance and how … highlighted. Section four analyzes how the providers of these fintech solutions for SMEs impact traditional banks, financial … on the use of digital financial products for SMEs. Section five then addresses some of the key risks and challenges …

Small and medium enterprises (SMEs) play a major role in economic development, particularly in emerging countries …. Access to finance remains a key constraint to SME development in emerging economies. Closing the credit gap for formal SMEs … will be less daunting than for informal SMEs. The SME finance gap is the result of a mismatch between the needs of the …

sector, and of small and medium enterprises (SMEs) in particular, for new jobs and investment. These findings further … illustrate the key role access to finance plays in SMEs abilities and willingness to add jobs including the special circumstances … of fast-growing SMEs, or gazelles. The new findings further detail availability and gaps in SME financing, including for …