How Fintech Can Help Ensure The Survival Of SMEs In The Middle East – Entrepreneur

How Fintech Can Help Ensure The Survival Of SMEs In The Middle East – Entrepreneur

How Fintech Can Help Ensure The Survival Of SMEs In The Middle East. Improving financial inclusion for SMEs could boost annual economic growth by 1%, and also lead to a potential 16 million jobs by 2025 in the Middle East and Central Asia regions.. Traditional financial institutions also require businesses to have strong credit scores, which SMEs may not have.. As a result of the coronavirus pandemic, millions of SMEs in the Middle East will be looking for immediate funding in order to survive the crisis.. Fintech companies have made accessing finance in this way quicker, cheaper, and easier to navigate for SMEs.. Fintech companies are launching platforms that allow Middle Eastern SMEs to raise capital through new methods, such as crowdfunding .. The emerging fintech companies will be transformative for SME financing in the Middle East.. Entrepreneur members get access to exclusive offers, events and more..