摘要 一個國家的經濟發展相當倚賴中小企業，根據研究顯示，中小企業為國家就業市場貢獻許多，但近年來，國際局勢的不穩定連帶影響台灣市場，前些年發生的金融危機導致銀行貸款條件更加嚴苛，造成許多的中小企業融資困難而紛紛倒閉，本文將探討現階段中小企業融資方面的現況以及痛點，透過與最近新興的金融科技結合，希望能夠改善中小企業目前融資方面的問題。 關鍵字：應收帳款融資、金融科技 / Abstract A country's economic development relies heavily on Small and medium enterprises (SMEs). According to the research, small and medium-sized enterprises have contributed much to the national job market. However, in recent years, the instability of the international situation has affected the Taiwan market, and the financial crisis in previous years has led to more stringent bank loan conditions This paper will discuss the current situation of the financing of small and medium-sized enterprises and pain points, through the combination with the recent emerging financial technology, hoping to improve the current financing problems of SMEs. Keywords：Invoice Finance ,Financial Technology

Small and medium-sized enterprises (SMEs) are the main drivers of economic growth and employment. African SMEs are constrained by a lack of access to finance. In line with the pecking order theory, capital-constrained SMEs are expected to seek external finance. However, due to credit rationing, African SMEs have limited success raising finance. Factoring could enable African SMEs to gain access to finance, as underwriters mainly place the risk on the receivables as opposed to the firm itself. Despite its benefits, factoring has not taken root in sub-Saharan Africa. The purpose of this phenomenological study was to explore the obstacles and prospects to stimulating awareness, availability, acceptance, and utilization of factoring in Africa. Data on the lived experiences of 22 executives providing or promoting factoring in 16 African countries were collected through semistructured interviews; these data were analyzed using the Braun and Clarke thematic approach. Four themes emerged: supply-side conditions, demand-side conditions, business environment conditions, and facilitating institutions and industries. Results suggest high factoring prospects, legal and regulatory impediments, low awareness levels, reluctance of banks to avail factoring, high entry barriers for nonbank factors, a lack of credit insurance, and a lack of an open account trade culture. A framework was recommended, based on these findings, along with actions for factoring development in Africa. Implications for positive social change include increased awareness which may boost factoring availability, acceptance, and utilization. Improved financing options may yield improved African SME competitiveness, which in turn, may result in improved job opportunities, household incomes, quality of life, and more broadly, Africa's economic growth.