Global Agenda Council on the Future of Financing & Capital ...

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Global Agenda Council on the Future of Financing & CapitalThe Future of FinTech A Paradigm Shift in Small Business FinanceOctober 2015 WORLD ECONOMIC FORUM, 2015 All rights part of this publication may be reproduced ortransmitted in any form or by any means, includingphotocopying and recording, or by any informationstorage and retrieval 1310153A Paradigm Shift in Small Business FinanceContentsForeword3 Foreword5 Acknowledgements7 Executive Summary8 Small Business Finance Is a Global Issue Worth Addressing10 The Opportunity: FinTech as a Game Changer for SME Finance12 a. Marketplace (peer-to-peer) lending17 b. Merchant and e-commerce finance20 c. Invoice finance21 d. Supply chain finance24 e. Trade finance26 The New Role of Public Institutions National and International30 4. Conclusion: FinTech Can Change Small Business Finance in a Significant and Sustainable Way31 References34 About the Authors35 EndnotesSmall and medium sized enterprises (SMEs) are often cited as the major driver of economies and a force in job creation, but they still have difficulty securing proper Financing to Global financial crisis of 2007-2008, coupled with higher regulation and Capital costs for loans to SMEs, has made it even more difficult for SMEs to secure Financing .

A Paradigm Shift in Small Business Finance 5 Acknowledgements This report has been supervised by the Global Agenda Council on the Future of Financing & Capital, headed by

  Future, Global