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The advent of Financial Technology (Fintech), a combination of technology and innovative business models in financial services, has gained considerable momentum in recent times, with global investments rising at exponential rates.

It holds the potential to revolutionise the Small and Medium Enterprise (SME) financing, as it can offer unprecedented solutions to deal effectively with the main barriers that SMEs face in financial markets- information asymmetries and collateral shortage.

Indeed, digital technologies, such as online and mobile banking and payment solutions, have had an important impact on traditional SME financing.

They allow financiers to considerably lower transaction costs when reaching out …