CORDIS Project
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This project aims to address the financing challenges faced by small and medium enterprises (SMEs) by creating innovative financial solutions. It introduces a fully automated invoice financing system to provide instant credit, helping SMEs grow and thrive economically.
Small and medium enterprises (SMEs) are the economic backbone of virtually every economy and the main contributor to employment and growthcreation in the world.
In Europe, they represented over 99,8% of the non-financial business sector, accounting for 67% of total employment andgenerating 57% of value added.
Despite their importance, it is estimated that more than half of SMEs don’t have access to credit.
As a result,businesses around the world face the problem of financing the credit gap exist…
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