How Asia Is Adapting To The Alternative Finance Revolution

Based on data from The World Bank, more than 200 million micro, small and medium-sized enterprises (MSMEs) in emerging economies lack adequate financing, due to lack of collateral, credit history and business informality. Until recently, alternative finance platforms have witnessed staggering success and even reached a stage of maturity in the Western markets, particularly in the U.K and U.S. In recent times even the East has also joined the ranks and given the alternative finance industry a major boost. Countries such as China, Singapore, Hong Kong, and most recently Indonesia, Malaysia, the Philippines, and India have displayed a tremendously positive response to several platforms providing alternative forms of finance to enterprises and individuals. The collaborative approach with banks towards alternative finance will then continue to pick up pace, enabling banks to expand their services to a larger client segment. As the largest player in the Singapore P2P Market, Capital Match aims to provide the fastest and the most convenient way for SMEs to get financing options. 

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