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FinTech Startups Playing a Key Role in Lifting up the US SME Financing Market

Small and medium-sized enterprises (SMEs) are a major driver of economic activity in most developing and developed economies. Startups and entrepreneurial companies drive innovation and technological advances, leading to progress and higher productivity in the long run. Small businesses are also a major driver of employment.

There are about 28 million small businesses in America. The statistics suggest that more than 40% of the SMEs in the US are underserved. One the most severe obstacles to the growth of SMEs is the access to capital. SMEs are widely viewed as having more limited access to capital than large companies.

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