Academy of Strategic Management Journal (Print ISSN: 1544-1458; Online ISSN: 1939-6104)


Fintech as a Catalyst for Growth of Micro, Small and Medium Enterprises in Indonesia

Author(s): Suryanto, Rusdin, R. Meisa Dai

This study aims to analyze the role of the financial technology industry (fintech) in the growth of micro, small, and medium enterprises (MSMEs) in Indonesia. The study adopted descriptive research using a qualitative approach. Sources of data were obtained through literature studies, including published research results and expert opinions. The study results found that the presence of the fintech industry would easily overcome some of the problems that MSMEs often face. MSMEs were fast-growing and developing because they could optimize the fintech platform according to their needs. This study illustrates the services provided by fintech companies as being able to be a catalyst in the growth of their businesses. Services that specifically catalyze MSME growth in Indonesia include the Peer to Peer (P2P) Lending platform, equity crowdfunding (ECF), e-wallet, and personal finance. This research's implications include that MSME actors experience several benefits, such as effectiveness in finding sources of funds, ease of transaction processing, expanding market access, and faster preparation of financial reports.

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