Leveraging Transactional Data for MSE Lending
How can transactional data help close finance gaps?
Micro and Small Enterprises (MSEs) face an estimated $4.9 trillion financing gap globally. The vast majority of #MSEs have never had access to formal loans, and many do not have a formal credit history.
Transactional data from sales, expenses, and invoices can have a similar predictive power in credit scoring as credit history.
As #openfinance continues to grow, more transactional data will become available, unlocking more opportunities for MSEs to thrive worldwide.