The search for a systematic, cycle proof approach
A tough market to crack
In the eyes of non-bank SME lenders, the Dutch market may seem small when compared to the UK or Germany, let alone the US. Nevertheless, Dutch SMEs have been a time-honoured engine of growth and innovation and the driver of international trade.
SMEs complain about the lack of service they receive from domestic banks. Non-bank lenders are a logical alternative.
However, offerings by non-bank SME lending platforms have remained scattered and small in comparison to the Dutch banks' €250bn exposure to SMEs in 2019. Still, Dutch banks have reduced their credit lines to SMEs by over €50bn since 2012 (source NVB).