Xan Myburgh is the CEO + Co-Founder of Backd Business Funding, a leading alternative financing solution.
Technology has changed how we function. It has rapidly expanded the nature of how we connect and work together globally.
Businesses and business financing aren’t the exceptions to this. Financial technology has changed the way small- to medium-sized businesses access capital that, before now, they traditionally had less access to, opening doors for these businesses to further grow.
Fintech’s influence will continue to ripple in the finance world as technology advances, but here are four key impacts our industry has had so far.
Providing More Access To Capital
The stringent and often rigorous requirements traditional lenders have can unintentionally close the door on business owners seeking to expand via a business loan. The terms entrepreneurs are often offered can make accessing the…