Research on Fintech Application to Solve the Dilemma of Small and Micro Enterprises’ Financing

Small and micro enterprises are located in various industries and are an important part of China's national economy. However, because small and micro enterprises generally encounter financing difficulties and expensive financing in the course of business, they greatly reduce their survival and development space. This paper believes that the rise of financial technology in recent years will help to solve the dilemma of financing difficulties and financing for small and micro enterprises. Credit loans are the most viable way for small and micro enterprises to obtain loans. In order to solve the dilemma of small and micro enterprise financing, this paper explores the new ideas of financial technology in the risk control of small and micro enterprise credit loans.