Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights. This time, you get to discover 5 hand-picked technology solutions for small and medium enterprises (SMEs).
Global Startup Heat Map highlights 5 Top Technology Solutions for SMEs out of 1.186
The insights of this data-driven analysis are derived from the Big Data & Artificial Intelligence-powered StartUs Insights Discovery Platform, covering 2.093.000+ startups & scaleups globally. The platform gives you an exhaustive overview of emerging technologies & relevant startups within a specific field in just a few clicks.
The Global Startup Heat Map below reveals the distribution of the 1.186 exemplary startups & scaleups we analyzed for this research. Further, it highlights 5 tech startups that we hand-picked based on criteria such as founding year, location, funding raised, and more. You get to explore the solutions of these 5 startups & scaleups in this report. For insights on the other 1.181 technology solutions for SMEs, get in touch.
dokos provides an Open-Source Platform for SMEs
Micro, Small & Medium Enterprises (MSMEs) require considerable technological support in today’s digital age. However, technology providers usually focus on helping larger and more profitable businesses that reach more consumers. Moreover, depending on their size, location, and industry, SMEs face varied challenges in every aspect of business management from hosting websites to managing digital payments. To this end, emerging tech startups develop business platforms that streamline SME operations and increase their profits.
French startup dokos develops a flexible and open source business platform for SMEs. The startup focuses on improving business processes and efficiency for small manufacturing companies as well as third places. Dokos’ cloud-based platform allows SMEs to manage many aspects of their business from procurement to inventory management and sales. In addition, the platform also enables small businesses to integrate third-party solutions as well as build and maintain an online presence.
kiwiHR creates a Human Resources (HR) Platform for SMEs
Many small and medium businesses make up the third place, such as cafes, bookstores, and local retail shops. For these businesses, as well as for up-and-coming startups, finding the right talent for the job is tough. For example, ensuring long-term resource retention and competing with bigger companies in terms of remuneration remain challenging. HR Tech startups and scaleups tailor solutions for SMEs to address the issues regarding employee management.
kiwiHR is a German startup building a digital HR management system. The startup’s ready-to-use human resource information system (HRIS) enables SMEs to easily manage their internal HR and payroll processes, thereby smoothing processes and cutting HR costs. The platform also allows SMEs to provide a mobile-based self-service portal for their employees, a feature that further increases SME employee engagement.
LoadShare Networks develops a Logistics Platform for SMEs
For SMEs in the logistics sector, competition with big players who have a lot more financial and human resources creates the need for achieving operational efficiency. At the same time, small logistics companies have the ability to reach consumers in remote and underserved regions. Tech startups eye this opportunity to develop solutions that allow small and medium logistics companies to increase their visibility and improve their competitiveness.
Indian startup LoadShare Networks empowers regional logistics SMEs with technology and operational know-how. SME logistics companies utilize the startup’s platform to derive maximum benefit from their assets and service-level agreements (SLAs). LoadShare Networks also offers solutions for small shipping companies by integrating supply chains using application programming interfaces (APIs) and a single platform for vendor operations. The solution allows SME logistics companies to upgrade capabilities and maintain quality standards.
BanhJi facilitates Financial Inclusion for SMEs
In many countries, SMEs play a vital role in powering the local economy. However, restrictions on loans and limited capital investment hinders their growth, operations, and management. As a result, SMEs lose access to technical support and face business stagnation. To improve financial resource management, FinTech startups tailor their solutions to match the needs of micro, small, and medium enterprises.
Based out of Cambodia, BanhJi is a financial operating platform for MSMEs. The startup offers a suite of financial products for small businesses, including digital financial decision support, payments, and financing. Their products include banhjiaccounting and banhjiBilling, as well as banhjiPOS and banhjiSMP. The solutions increase the technical capabilities of MSMEs and drive financial inclusion for local businesses.
FastTrackTrade builds a Blockchain Platform for SMEs
Left with limited choices, SMEs heavily rely on intermediaries to both procure and sell their products or services. This leaves them with low margins and prevents them from directly reaching out to the consumers they want to attract. Moreover, cross-border business becomes significantly more challenging for SMEs since proprietors have to personally research and make decisions. That is why startups build end-to-end traceability platforms that reduce SMEs’ reliance on middlemen, improve supply chain visibility, and increase profits.
FastTrackTrade is a Singapore-based startup using blockchain technology to build and provide a digital trade network for SMEs. The startup’s network allows small businesses to trade with partners that have previously been authenticated. The platform also enables SMEs to set deals, issue purchase orders, make payments, and track deliveries using a mobile phone or laptop. Further, the startup offers access to proper financing and payment processing, particularly for cross-border businesses.
Discover more startups
Startups such as the examples highlighted in this report focus on decent work & economic growth, virtual warehousing, and big data security. While all of these technologies play a major role in advancing SMEs, they only represent the tip of the iceberg. To explore more technologies for SMEs, simply get in touch to let us look into your areas of interest. For a more general overview, you can download our free Industry Innovation Reports to save your time and improve strategic decision-making.