In Africa, SMEs provide approximately 80% of jobs, representing a critical driver for the economy in the region. But 51% of these businesses require more funding than they have access to, and 28% of SMEs in the region are fully credit constrained (source). Waiting months or even weeks for credit approval and funding can mean the difference between innovation and business closure.

Traditional financial services organizations may find lending to SMEs difficult, but fintechs, challenger banks, and digital banks are rising to the challenge. Simplified application processes, rapid approvals, and improved accessibility to funds makes working with digital lenders an obviously attractive choice.

Because if you aren’t making it easy for SMEs to get the credit they need, your competitors will.

Watch now for a live panel discussion, where we speak with industry experts on ways to leverage data and artificial intelligence to ensure accessibility to credit for SMEs.

Key Takeaways:

• Power faster, simplified application processes
• Make smarter, faster decisions and get to market faster
• Future-proof your decision technology to keep up as market trends/demands evolve
• Use advanced, predictive analytics like AI to keep risk in check
• Leverage real-time, historical and alternative data to ensure a more holistic view of creditworthiness