This report by Accion Venture Lab describes the latest innovations in the field of micro, small, and medium enterprise (MSME) finance. In it, Venture Lab explores how innovative, tech-enabled lenders are using niche marketing, digital or mobile platforms, and enterprising partnerships – and often a combination of all three – to make financing available to underserved MSMEs. Informed by its investments and work with more than a dozen fintech start-ups in the MSME finance space, Venture Lab charts a course for investors, regulators, microfinance institutions, and entrepreneurs to seize today’s opportunity to close the gap. 

Venture Lab developed this report with the support of the Mastercard Center for Inclusive Growth.