Way forward with alternative funds
AS companies work to rebuild their business and restore their reserves, access to capital will be crucial.
While managing their regular operations, companies will also need to gradually invest in research and development, possible diversifications and expansion, and ongoing digitalization to ensure that their products, services, and business models remain competitive in the new normal.
And given that SMEs are now more familiar with digital offerings, peer-to-peer (P2P) lending players believe that alternative funding can play a bigger role in SMEs’ path to rebuild and recover.
“One of the major ripple effects of Covid-19 is the accelerated shift towards digitalization, as we enforced social and physical distancing measures in this new normal, which translates to an increased appeal in digital financing providers such as P2P financing.