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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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Anti-Bias Lending Software Developer Zest AI Lands $15M

PYMNTS

Zest AI , which is developing software that it claims will help wring the bias out of lending, just got a multimillion-dollar vote of confidence. In one of the most high-profile cases of machine bias, Goldman Sachs was hit with a major backlash after it launched the new Apple credit card. Zest on Tuesday (Oct.

Software 130
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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. Financial Times reported on Monday (Feb.

Lending 131
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The New Lending Fintech Bonanza

Gonzobanker

OnDeck’s fire sale aside, recent deals at nCino, Black Knight and Ellie Mae are a shot in the arm to a market in need of some good news. 2020 is the wildest downward ride in the market since 1929, which, one would think, is taking its toll on the fintech ecosystem serving banks and credit unions.

Lending 158
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Why The Goldman-Amazon Bet On SMB Lending Is No Sure Thing

PYMNTS

And in leveraging Amazon’s scale as a platform — with millions of small to medium-sized businesses (SMBs) and even micro-sized businesses hawking pretty much everything under the sun — it might seem a “slam dunk” if, say, a financial industry powerhouse were looking to bring small business loans to a new market. The Challenge.

Lending 146
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India’s Tata Capital Introduces App For Commercial Loan Clients

PYMNTS

Mumbai-based Tata Capital , a division of Tata Group, is rolling out a mobile app to make it easier for its business loan customers to manage their accounts. Tata Capital is deeply invested in providing easy access of credit to merchants and dealers through its Channel Finance and Term Loan products.

Capital 141
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The Big Tech In Lending Report: How Amazon, Facebook, Google, & Apple Are Battling For The $3T+ Market

CB Insights

After last year’s payments push , big tech companies are now turning their attention to lending. Amazon, Facebook, and Google’s strategies focus on business lending — offering capital to the merchants, small businesses, or enterprises that they often already provide other services to. Phone number.

Google 36