Policy brief on access to finance for inclusive and social entrepreneurship: What role can fintech and financial literacy play?

Oecd and European Commission

No 2022/06, OECD Local Economic and Employment Development (LEED) Papers from OECD Publishing

Abstract: This policy brief on access to finance for inclusive and social entrepreneurship was produced by the OECD and the European Commission. It presents evidence on the access to finance challenges faced by entrepreneurs from under-represented and disadvantaged groups and social entrepreneurs, and discusses how public policy could harness the potential of fintech to address these challenges. This covers crowdfunding, blockchain and the application of big data to finance for inclusive and social entrepreneurship. The policy brief also discusses the growing need for governments to strengthen financial literacy among the target groups of inclusive and social entrepreneurship policy, including with respect to fintech. Different policy approaches are discussed, including embedding financial literacy training in financial intermediation.

Date: 2022-07-04
New Economics Papers: this item is included in nep-ban, nep-dem, nep-ent, nep-fdg, nep-fle, nep-pay and nep-sbm
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