IDEAS home Printed from https://ideas.repec.org/a/ids/ijtlid/v15y2024i3p307-328.html
   My bibliography  Save this article

Financial technology: an alternative for financing small and medium-sized enterprises in Nigeria

Author

Listed:
  • Adam Konto Kyari
  • Musa Garba Gulani
  • Bukar Zanna Waziri

Abstract

This study examines the factors influencing small and medium size enterprises' (SMEs) decision to adopt Fintech as alternative source of finance. Data was gathered through a five-point Likert questionnaire and analysed via descriptive statistics, factor analysis, and multiple regression analysis. Except for changes in organisational characteristics which revealed a negative effect, changes in all the other three components of external system, innovation characteristics, and staff/individual characteristics revealed positive relationship with SMEs decision to adopt Fintech as alternative financing. Accordingly, this study concludes that Fintech is readily available, accessible, observable, and cost effective for SMEs in Nigeria. It is concluded that SMEs operators are satisfied that the Fintech industry in Nigeria is adequately regulated. Furthermore, the study concludes that Fintech adoption as alternative finance is consistent with SMEs beliefs, attitudes, and values. The study recommends further research on using longitudinal research design to cover SMEs long-term decision-making process.

Suggested Citation

  • Adam Konto Kyari & Musa Garba Gulani & Bukar Zanna Waziri, 2024. "Financial technology: an alternative for financing small and medium-sized enterprises in Nigeria," International Journal of Technological Learning, Innovation and Development, Inderscience Enterprises Ltd, vol. 15(3), pages 307-328.
    • Handle: RePEc:ids:ijtlid:v:15:y:2024:i:3:p:307-328
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=137484
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijtlid:v:15:y:2024:i:3:p:307-328. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=240 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.