Analysis of Fintech Potential in Enhancing Sharia Financial Inclusion for MSME Actors in Cirebon Regency

Abstract

This research is motivated by difficulties of MSME actors in running their businesses, for example in terms of obataining capital from banks. This research uses financial technology (fintech) as a solution to overcome these problems. By using fintech, it is hoped that MSME actors will gain access to financial services more easily so they can increase sharia financial inclusion. The aim of this research is to test whether crowdfunding P2P lending; market aggregator; risk investment management; and payment, settlement, clearing have an influence in increasing sharia financial inclusion of MSME actors in Cirebon Regency partially and simultaneously. The research method used is quantitative field. The data collection methods used were questionnaires and documentation. The population of this research is MSMEs in Cirebon Regency, totally 384.544 businesses with 100 entrepreneurs as sample. The sampling method used was simple random sampling. The analytical method used is binary logistic regression analysis with SPPS version 29 analysis tool. The results of this research prove that crowdfunding and P2P lending variable have P-value of 0,001 so it has an influence in increasing sharia financial inclusion. Market aggregator variable have P-value 0,001 so it has an influence in increasing sharia financial inclusion. Risk and investment management variable have P-value 0,001 so it has an influence in increasing sharia financial inclusion. Payment, settlement clearing variable have P-value 0,001 so it has an influence in increasing sharia financial inclusion. All independent variables together (simultaneously) have P-value 0,001 so they have an influence in increasing sharia financial inclusion.