The SME Access to Digital Finance Study: A Deep Dive into the Latin American Fintech Ecosystem

This publication provides insights into micro, small and medium enterprises’ (MSMEs’) access to funding through the alternative finance industry in Latin America (LATAM). The study looks at key factors influencing MSMEs’ access to finance, such as business owner demographics and company structure, relationships with traditional finance, previous and current funding experiences with a financial technology (fintech) firm, and post-funding outcome.

The study is based on a survey of MSMEs in Argentina, Brazil, Chile, Colombia, Mexico and Peru, making this the largest MSME-focused alternative finance project to date. The survey captured a total of 540 unique responses from MSMEs that had raised funds via the digital marketplace, focusing on online alternative finance models as they relate to digital lending and digital capital raising activities.