Financial success isn't a matter of luck, it's a matter of planning. Part of good planning, when it comes to running a business, is about putting things in motion, so that you can keep working without intervention.
Fintech (Financial Technology) can enable you to access finance for your business and save time. With the advent of smartphones, digital banking and apps, access to finance is on your fingertips. Fintech helps businesses and their clientele have better control over their financial activities, processes and systems.
Fintech's rapid growth calls for an increased focus on financial education. Even though fintech reduces the barriers to capital, the fundamental risks and organisational constraints remain the same for micro-small-and-medium enterprises (MSMEs). As a result, SMEs must enhance their efficiency and become financially literate to avail of the benefits of Fintech for small businesses.
Technology has been accelerating the evolution and growth of MSMEs. Though multiple channels, small business entrepreneurs can now connect with customers and operate digitally and access capital. When it comes to taking a loan, technology has eliminated the need for middlemen who might take a cut out of the loan and have ulterior motives. It promotes a well-organized business structure, while also lowering prices and improving the MSME system.
At Kinara Capital, we are a fintech for small businesses ensuring personalised customer service. Small business owners can rely on us for a range of business loans for their expansion needs. We provide business loans for asset purchase and working capital to small business entrepreneurs across the value chain for every business need.
Kinara can complete the loan process and disburse funds in 1 day, which is far faster than the industry average, thanks to the company’s custom risk assessment approach, flexible product terms, customer-centric processes, and supply chain integration. Kinara Capital’s loans have touched the lives of a million people and resulted in the creation of 70,000 new jobs, many of which have gone to first-time earners and women.
By providing access to capital for MSMEs and using fintech for small businesses, Kinara Capital has enabled an increase in entrepreneurs’ incomes, job creation, and has helped create sustainable businesses, leading to economic development.