Financial Technology to Help Small and Medium-sized Enterprises Financing Path and Countermeasures

Abstract

In recent years, with the development of China's overall economy, small and medium-sized enterprises have gradually become the emerging backbone to solve the problem of resident employment, active financial market, innovative product upgrading, but at the same time, the problem of difficult financing and expensive financing has been hindering the rapid growth of small and medium-sized enterprises. Through the current financing situation of small and medium-sized enterprises, this paper discusses the reasons for the financing difficulties faced by small and medium-sized enterprises, and then introduces fintech. Combined with the development history and application of fintech, this paper studies the financing path assisted by fintech and explores the methods to solve the financing difficulties of small and medium-sized enterprises. Finally, it puts forward feasible countermeasures and suggestions from the aspects of small and medium-sized enterprises themselves, financial institution transformation and fintech development.