Credit platforms and their key role in the context of global funding bottlenecks

Even before the pandemic, access to finance was considered one of the biggest growth hurdles for companies, especially in developing countries. Around half of all companies worldwide have no access to credit products. As a result, every year there is a shortfall of around $ 5.2 trillion in funding that investors could raise. In the coming months, this problem will increase further due to the difficult physical access to financial institutions and recessive tendencies. Financial inclusion as a development goal includes the responsibility to make affordable financial services available to the players in our economy according to their needs. Innovation in the form of digital marketplaces represents an opportunity to fulfill this responsibility and to close the structural gaps in our financial systems. By digitizing the credit process, credit platforms are significantly simplifying access to capital for borrowers and opening up new markets for investors. The allocation of financial resources can also be managed effectively through data-driven risk assessment and sensibly through the promotion of certain market segments.