E 771 — Europe's SME Credit Gap Is an Underwriting Problem

Europe’s small business credit gap is not a shortage of money. It is a shortage of any cheap way to underwrite borrowers who are all different from each other. Patrick Stäuble founded Teylor in Zurich seven years ago. It lends to small and medium-sized businesses, factors invoices, runs a private debt vehicle, and licenses its lending software to banks including Landesbank Baden-Württemberg .…