The impact of innovative financial technologies on sustainable growth rates of small and medium-sized enterprises

The relevance of this article is due to the fact that recently modern financial tech­nologies have been assisting small businesses in solving many problems related to both fi­nancing and organizing a business. A positive solution to these problems will allow small businesses to increase their growth rates and, accordingly, increase their contribution to the country's GDP. The peculiarity of small business functioning is determined by a set of macro-economic determinants: the dynamics of economic growth and crisis phenomena, govern­ment regulation policies, availability of financing sources, in this regard, it is necessary to analyze the mechanisms of adaptation of the business sector in accordance with modern fi­nancial technologies. This paper considers the relevance of the problem and assesses the degree of influence of crowdlending, payment systems, digital financial assets, artificial intel­ligence, mobile banks on the development of companies. The subject of the study is the im­pact of innovative financial technologies on the sustainable growth rates of small companies. The purpose of the work is to determine the cause-and-effect relationships of the influence of financial technology factors on the growth rates of small companies. An analysis of the applicability of innovative financial technologies in small businesses was carried out; key financial technologies affecting the financial condition of a small company were identified. An economic and mathematical model of the degree of influence of financial technologies on sustainable growth rates of small companies has been formed. It has been concluded that the developments presented in the article can be used by small businesses to develop a strategy for managing growth factors when using innovative financial technologies.