Fintech Insider Podcast by 11:FS 876. Insights: Can fintech plug the SME funding gap?
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Jul 11, 2024 Host Kate Moody discusses SME funding gap with Valentina from OakNorth, Christoph from iwoca, and Brian from Allica Bank. They delve into challenges faced by SMEs, opportunities for fintechs, regulatory impact, and alternative lenders' role in reshaping the lending landscape.
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SME Funding Needs Vary Greatly
- SMEs have diverse financing needs depending on their size and sophistication.
- Different funding avenues suit different SME segments, from crowdfunding to equity and debt.
Founder Experience in SME Funding
- Christoph Rieche shares his founder experience of the brutal, opaque funding process.
- Many SMEs fall out of bank eligibility despite crucial funding needs.
Relationship Management Loss Hurts SMEs
- Decline in SME credit availability correlates with loss of relationship managers.
- SMEs need personalized understanding to navigate complex funding needs.