Fintech Financing Utilization Model in Developing Small and Medium Enterprises (Case Study of UMKM T-shirts in Bandung City)

This research aims to find out how many UMKM already know and utilize fintech financing, the obstacles faced, and develop a model of fintech financing utilization for UMKM business development. Explorative descriptive methods were used in this study, with primary and secondary data types, while sampling was conducted based on purposive sampling method. The results showed that the utilization of fintech financing in UMKM T-Shirt Suci is not optimal because there are still constraints, namely as many as 37.5% of UMKM entrepreneurs of T-shirt are not yet familiar with fintech financing, 38.13% do not master technology and 15.63% fear risk; there is also great potential to optimize the utilization of fintech financing in order to develop businesses, namely a high desire of 84.4% to acquire knowledge and skills about fintech financing. The important role of the government as regulator, facilitator and catalyst as well as the role of universities as human resources providers that have the capacity and capability of science and skills become important to solve problems through UMKM training and mentoring programs. The model compiled is an overview of the problem/constraints of UMKM Kaos Suci in accessing fintech financing by involving the role of the government and universities, so that existing constraints can be resolved properly and the development of UMKM businesses through access to fintech financing can be successful and effective.