Abstract
In India, it is difficult to raise capital without providing sufficient security especially for MSME borrowings. The Scale of business being small, it creates an unfair assumption of credit risk. The importance of Fintech funding models emerges here. It helps in transparent business information on real time basis which neutralizes the disadvantage of scale being small. FinTech companies help MSMEs by providing loans themselves, becoming financial product aggregators or connecting MSMEs to banks and financial institutions. The fintech companies integrated growing technological advances and pervasiveness of smartphones for giving MSMEs deserved access to credit. They bridge the funding gap for small businesses with flexible and innovative credit products. The researcher tries to give a general idea about Fintech and its importance in the present economic scenario. This study focuses on examining the role of Fintech companies in funding MSMEs in India.
Keywords: Fintech, MSME
References
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