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2020 has been a challenging year for Swiss digital lending
platforms. However, the Covid-19 crisis is set to accelerate
technology adoption among SMEs, which will positively impact
growth.
The Swiss government s Covid-19 relief programme for
small-to-medium-sized enterprises (SMEs) took the wind out of the
sails of Switzerland s non-institutional lending platforms this
year. The government s loan program had a strong negative
impact on new digital lending volumes explains Simon Amrein,
Secretary-General of the Swiss
Marketplace Lending Association. Many SMEs turned to
banks to access the Covid-19 relief programme of platforms, so we