FinTech and its relationship to SMEs financing: a systematic literature review and future research agenda

Abstract

This paper presents a systematic review of the literature, the state of the art and a future research agenda on the relationship between FinTech and the financing of small and medium-sized enterprises (SMEs). Digitalization and technological evolution have transformed access to financial resources, challenging SMEs in obtaining adequate financing. The emergence of FinTech offers new perspectives and opportunities, potentially revolutionizing how SMEs access and use financial services. Against this backdrop, 26 papers were extensively examined to analyze the relationship between the FinTech industry and its relationship with SMEs financing, possibilities, difficulties, and expectations in the current market in different parts of the world. Exploratory Research was found to be the most applied perspective to analyze the relationship between FinTech and SMEs.

Keywords

• financing
• fintech
• small and medium-sized enterprises