India, Feb. 21 -- Minimum documentation. Faster processing. Easy access to credit. No wonder, fintech startups have transformed the face of business in underserved markets and unveiled a world of possibilities for small and medium enterprises by making these promises a reality.

For the ubiquitous MSMEs (micro, small, and medium enterprises), securing business loans from traditional banks have always been a challenge because of heavy paperwork, strict lending criteria, and lengthy processes.

Fintechs discovered the sweet spot in this. They have bridged the gap by leveraging technology and making the entire lending process simpler.

Fintech startups working in sync with the government's push for financial inclusion, offering digital payme...