The advent of the digital age is increasing the expectations of consumers and businesses alike for instant, round-the-clock payment solutions. While the financial market has been somewhat slow on the uptake, fintech developments – primarily driven by nimble alternative financiers – are becoming increasingly prevalent.
In an article for FX-MM, Satago’s CEO Steven Renwick explains how selective invoice financing brings flexible, on demand funding – allowing SMEs to have greater control over their borrowing. Selectivity is key to SMEs looking for autonomy over their finances, and Renwick writes that selective invoice financing provides just that: “SMEs no longer have to finance a whole ledger, and can instead work on an invoice-by-invoice basis, using fintech technology that enables them 24-hour, easy access to their finances.”
Renwick also highlights the need for further digital innovation in SME finance to help address challenges SMEs still face.
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