Path of FinTech to Improve Financing Efficiency of Small and Medium Enterprises

Junxia Hu

doi:10.35745/ijbsi2024v06.01.0001

Review Article

Path of FinTech to Improve Financing Efficiency of Small and Medium Enterprises

Junxia Hu ¹ ^*

More Detail

¹ Shanghai Zhongqiao Vocational and Technical University, Shanghai 201514, China^* Corresponding Author

International Journal of Business Studies and Innovation, 6(1), March 2026, 15-20, https://doi.org/10.35745/ijbsi2024v06.01.0001

Submitted: 27 January 2026, Published: 30 March 2026

OPEN ACCESS 3 Views 3 Downloads

Download Full Text (PDF)

ABSTRACT

As an important part of China's economic system, small and medium enterprises (SMEs) have grown rapidly, contributing to the development of the social economy. However, SMEs still face the problem of fund shortage and low financing efficiency. FinTech has provided innovative solutions to solve the financing problems of SMEs. By elaborating on the financing efficiency of SMEs, how fintech improves the financing efficiency of SMEs and solves information asymmetry was explored in this study in broadening financing channels and reducing financing costs. The contents and problems of Internet innovative financing channels such as supply chain finance, peer-to-peer, crowd-funding model, and micro-loan model were compared and analyzed, and suggestions and measures were made to improve the financing path of SMEs to optimize "Blockchain + Supply chain finance". The results of this study provide a reference for the application of financial technology to solve the financing problems of SMEs.

Keywords: Financial technology, SME, Financing efficiency, Supply chain finance

CITATION (APA)

Hu, J. (2026). Path of FinTech to Improve Financing Efficiency of Small and Medium Enterprises. International Journal of Business Studies and Innovation, 6(1), 15-20. https://doi.org/10.35745/ijbsi2024v06.01.0001

REFERENCES

Lu, F. C. (2000). Enterprises should enhance their awareness of the cost and risk of financing. Enterprise Economy, 10, 18–20.
Gao, X. Z. (2005). Corporate financing efficiency: Connotation and extension. Productivity Research, 6, 205–207.
Li, L. J. (2018). Analysis of financing efficiency for small and medium-sized enterprises. Financial and Accounting Studies, 11, 226.
Li, W. H. (2012). Research on ways to improve regional financing efficiency. Financial Research, 3, 76–79.
Chen, C., & Xiao, B. W. (2023). Research on the impact of financial technology on the financing efficiency of small and medium-sized enterprises. Technology and Economy, 4, 61–65.
Wang, J. (2023). Exploring the reasons for difficulties in financing for small and medium-sized enterprises and the supply chain finance model. Modern Economic Information, 1, 143–145.
Zhao, L. B. (2021). The path and countermeasures of promoting financing for small and medium-sized enterprises through financial technology innovation. Business Observer, 14, 41–43.
Wang, J. H. (2019). The path of financial technology innovation to help small and medium-sized enterprises solve financing difficulties. Journal of Harbin Vocational and Technical College, 1, 118–120.
Ao, J. C. (2024). A review of research on the application of FinTech and financing constraints for small and medium-sized enterprises. Management and Technology of Small and Medium-sized Enterprises, 2, 191–193.
Liu, W. (2017). A review of research on innovative supply chain finance models. Logistics Engineering and Management, 10, 82–84.
Shi, Y. W. (2022). Exploration of financing for small and medium-sized enterprises from the perspective of "blockchain+ supply chain finance". Northern Economic and Trade Journal, 6, 150–152.
Li, L., Lv, C., & Gao, H. L. (2015). Construction of financing platform for technology-based SMEs in the context of Internet finance. China Circulation Economy, 12, 99–105.

[1] Lu, F. C. (2000). Enterprises should enhance their awareness of the cost and risk of financing. Enterprise Economy, 10, 18–20.

[2] Gao, X. Z. (2005). Corporate financing efficiency: Connotation and extension. Productivity Research, 6, 205–207.

[3] Li, L. J. (2018). Analysis of financing efficiency for small and medium-sized enterprises. Financial and Accounting Studies, 11, 226.

[4] Li, W. H. (2012). Research on ways to improve regional financing efficiency. Financial Research, 3, 76–79.

[5] Chen, C., & Xiao, B. W. (2023). Research on the impact of financial technology on the financing efficiency of small and medium-sized enterprises. Technology and Economy, 4, 61–65.

[6] Wang, J. (2023). Exploring the reasons for difficulties in financing for small and medium-sized enterprises and the supply chain finance model. Modern Economic Information, 1, 143–145.

[7] Zhao, L. B. (2021). The path and countermeasures of promoting financing for small and medium-sized enterprises through financial technology innovation. Business Observer, 14, 41–43.

[8] Wang, J. H. (2019). The path of financial technology innovation to help small and medium-sized enterprises solve financing difficulties. Journal of Harbin Vocational and Technical College, 1, 118–120.

[9] Ao, J. C. (2024). A review of research on the application of FinTech and financing constraints for small and medium-sized enterprises. Management and Technology of Small and Medium-sized Enterprises, 2, 191–193.

[10] Liu, W. (2017). A review of research on innovative supply chain finance models. Logistics Engineering and Management, 10, 82–84.

[11] Shi, Y. W. (2022). Exploration of financing for small and medium-sized enterprises from the perspective of "blockchain+ supply chain finance". Northern Economic and Trade Journal, 6, 150–152.

[12] Li, L., Lv, C., & Gao, H. L. (2015). Construction of financing platform for technology-based SMEs in the context of Internet finance. China Circulation Economy, 12, 99–105.