Small and Medium Enterprises (SMEs) are the backbone of economies across Africa and the Middle East, making up over 90% of all businesses in the region. Despite their vital role in driving innovation, employment, and GDP growth, SMEs continue to be underserved by traditional banking models.

This report from Backbase and IBS Intelligence (IBSi) explores the financing barriers facing SMEs and outlines how banks can respond with agile, digital-first solutions. From AI-powered lending to embedded finance, the insights help banks move beyond legacy approaches and become true growth partners to the SME segment.