Access to Finance for SMEs and the Importance of Trust

The Asia Tech Podcast spoke with Shrikant Patil, the CEO and Managing Director of DigiAlly, and explored the importance of small and medium enterprises (SMEs) in the global economy and the challenges they face in accessing finance.

Some of the top insights that Shrikant shared:

• SMEs contribute significantly to GDP and job creation
• Trust is a major barrier for SMEs in accessing finance
• Credit score alone is insufficient for assessing the financial feasibility of SMEs
• The potential for SME financing is enormous
• Collaboration between fintechs, governments, and institutions is crucial

Some other titles we considered for this episode:

1. Credit Score Is Stale the Moment It Is Created
2. Bridging the Gap: Financing SMEs for Growth
3. Driving Economic Growth through SME Financing
4. Transforming SME Financing: The Power of Alternative Data in Assessing SME Creditworthiness
5. The Role of Trust in SME Financing