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Square Capital Pulls eBay Into SMB Lending Space

PYMNTS

When eBay announced that it would be accepting Apple Pay , it wasn’t the only new development for the online marketplace. Bloomberg reported Tuesday (July 24) that eBay will begin offering merchants up to $100,000 in financing through Square Capital. Square Capital is likely to see a significant boost to its financing volumes.

Lending 134
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Goldman, Amazon Discuss SMB Lending Partnership

PYMNTS

Goldman Sachs and Amazon are in discussions about the possibility of partnering for small and medium-sized (SMB) business lending in the U.S., Goldman would use its latest lending technology to offer SMB loans on Amazon’s lending platform as soon as next month, two sources told FT. The project is expected to be co-branded.

Lending 131
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Brand Differentiation – How One Bank Is Producing 132% Profit Growth

South State Correspondent

If your bank struggles to create a clear value proposition and brand differentiation, then we have a case study for you. Brand Differentiation Step 1: Build an Employee-Centric Culture. Nubank is an example of what happens when you invest in your products in order to differentiate your brand.

Branding 221
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The New Lending Fintech Bonanza

Gonzobanker

It was into this world that the much celebrated digital lending fintech OnDeck recently sold to Enova for $90 million, a virtual fire sale at way under 1X OnDeck’s revenue. Following on Goldman Sachs Marcus and Apple Pay entrants to the fintech market, now we have ICE, NYSE and Nasdaq. or 26X revenue but quickly doubled in the market.

Lending 158
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Goldman Sachs To Pay $2.5B For General Motors' Credit Card Business

PYMNTS

billion, and it furthers Goldman Sachs' push into Main Street lending. Goldman has worked out a rough deal with Capital One Financial Group , with the purchase price included. Without a well-known brand or branches, Goldman has turned to partnerships like the Apple Card , which had $4.5

Cards 264
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Why The Goldman-Amazon Bet On SMB Lending Is No Sure Thing

PYMNTS

Goldman, according to reports in Bloomberg, would be added to the Amazon lending platform, which has traditionally helped merchants get the funding they need to get inventory. Amazon Lending traces its roots back to 2011, and the company had $863 million in SMB loans, according to recent filings with the Securities and Exchange Commission.

Lending 146
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The New Beginnings Edition: Apple, Uber And Goldman Sachs

PYMNTS

Apple’s New Chip Groove. Last week’s reports suggest that Apple will soon wave goodbye to its long-term chipmaker, Intel, in favor of making its own chips for Mac computers. The goal is to bring all Apple products into alignment in an attempt to make them work more smoothly, similarly and seamlessly in tandem.

Apple 140