2.1 Respondent demographics

A total of 64 firms with operations in the four target markets responded to the survey. Overall, these firms operate in 31 countries altogether.

Over 80% of the firms surveyed self-identified as either small businesses, traders, or producers, and less than 20% self-identified as corporates or financial institutions.

The majority (60%) reported annual revenues between $0-$10 million, while 14% reported an annual revenue of $50 million or more.

Survey respondents by firm type Survey respondents by revenue

Respondents by location

Respondents by location (Europe)

Nearly three quarters of all respondents use third-party financing of some sort: 26% use both debt and equity financing, 45% use only debt financing, and 3% use only equity financing.

Of the financing products used by respondents, trade finance is the most popular: 55% use trade finance, 43% use invoice finance, 29% use supply chain finance, and 27% use term finance and asset finance respectively.

Third party financing used by firms

Financing products used by firms