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Technology and Working Capital Finance

In: The Palgrave Handbook of Technological Finance

Author

Listed:
  • Anil Savio Kavuri

    (Loughborough University
    Australian National University)

  • Alistair Milne

    (Loughborough University)

Abstract

We study the role of technology in providing working capital finance to small and medium-sized enterprises. Our analysis discusses the variety of forms of working capital and the range of ways that it can be provided. It also examines some prominent case studies, including: Ant financial services; OnDeck; Kabbage; Biz2credit; Amazon Lending; Market Invoice and Funding Circle. Some of these firms are successfully tapping niche market serving the demands of firms too small to obtain credit from conventional banks. However, the magnitude of this type of lending remains small compared to the overall working capital finance market which continues to be bank dominated. Our main conclusion is that, while technology has the potential to significantly lower costs and improve the access of smaller firms to short-term finance, there is still a long way to go for these benefits to be fully realised and doing so requires a range of supporting policy measures.

Suggested Citation

  • Anil Savio Kavuri & Alistair Milne, 2021. "Technology and Working Capital Finance," Springer Books, in: Raghavendra Rau & Robert Wardrop & Luigi Zingales (ed.), The Palgrave Handbook of Technological Finance, pages 701-724, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-65117-6_25
    DOI: 10.1007/978-3-030-65117-6_25
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    Cited by:

    1. Gutiérrez-Robledo, Luis Miguel & Jácome-Maldonado, Luis David & González-Rivero, Cynthia Beatriz & Lozano-Juárez, Luis Raymundo & Tella-Vega, Pamela & García-Peña, Carmen, 2022. "Monetary cost estimation of care for functionally dependent older adults in Mexico," The Journal of the Economics of Ageing, Elsevier, vol. 21(C).

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