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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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Widening Borrower Protection’s Scope To SMBs

PYMNTS

As online lending platforms proliferate among the SMB borrowing community, however, experts warn that a lack of regulation means these companies rarely publicly reveal interest rates and fees. “We have seen small businesses destroyed by online lending.” “We have seen small businesses destroyed by online lending.”

Lending 136
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VCs Back Autobooks For SMB Banking

PYMNTS

Banks and credit unions are looking for differentiated product offerings that not only deliver value for their members, but create new revenue streams and lending opportunities.”. The company did not indicate when these pilot programs would advance into more large-scale launches.

Detroit 122
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B2B Startups Welcome Another Unicorn With TripActions Funding

PYMNTS

The company plans to open its first international office following the investment, which was led by Dawn Capital, said reports in CBR Online. Its tool, Agile Insights, can be used for a range of use cases, the firm explained, including demand-planning for eCommerce companies or marketing strategies for consumer product firms.

Software 158
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B2B FinTech Goes High-Tech For Funding

PYMNTS

NowFloats enables small and medium-sized businesses to gain a digital presence, and investors at Iron Pillar Capital and IIFL have backed that mission to the tune of $10 million. Based in California, CUneXus Solutions has a very specific target in mind for its marketing clients: credit unions. Lighthouse.io. On Thursday (Jan.

Fintech 100
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Navigating the Loan Landscape: A Guide to Small Business Financing

Ublocal

Working capital is the lifeblood of any business, but it can be challenging for small business owners and entrepreneurs to get conventional financing. SBA loans offer a variety of benefits, such as more flexible lending terms, and they can be a gateway to obtaining conventional financing in the future.

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Everything You Need To Know About What Amazon Is Doing In Financial Services

CB Insights

Table of Contents: Amazon’s product strategy. Market strategy outside the US. Product strategy: Amazon takes on financial services. Through trial and error, the company has set up key financial pillars across payments, cash deposits, and lending. Amazon Lending. Amazon SMB Lending. business.

Cards 101