This study is the first to look at supply chain finance’s mediating role in elucidating how fintech adoption leads to improved financial performance. By assessing supply chain finance practices in small and medium enterprises in emerging economies, such as India, in this article, we aim to bridge the knowledge gap and guarantee the influence of fintech adoption in attaining improved financial performance. The original data were gathered from 270 workers in North India who worked for various small and medium enterprises. The study found that supply chain finance mediates the favorable association between fintech adoption and financial performance. A crucial moderator in the relationship between fintech adoption and financial performance was supply chain risk. The results indicate several applicable ramifications, including the use of fintech by companies, which is eventually enhanced by effective supply chain risk management to improve supply chain finance practices.