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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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P2P lending makes it to main street?

Celent Banking

In this same line, Banco Galicia in Argentina has a very interesting offering – Galicia MOVE – aimed to college students based on a totally digital proposition, underpinned by the use of digital channels and a targeted marketing strategy. Banks are certainly not playing hide and seek with P2P lending. Change or die.

Maine 100
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VCs Back Autobooks For SMB Banking

PYMNTS

Reports Monday (March 13) said Autobooks secured $5.5 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.”. FinTech Autobooks announced new funding to support its SMB banking solutions.

Detroit 122
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B2B Startups Welcome Another Unicorn With TripActions Funding

PYMNTS

It was another busy week for B2B FinTech startups, with globally and vertically diverse companies securing new funding for their enterprise-targeting tools. The big news of the week comes from TripActions , a corporate travel solutions provider that secured unicorn status with its latest fundraise (the largest in this week’s breakdown).

Software 158
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Bankers Are Navigating a Brave New World with Mergers and ESG

Gonzobanker

Bankers see ESG coming in bigger ways soon from the Office of the Comptroller of the Currency, the Federal Reserve, the Securities and Exchange Commission, institutional investors, and the stock exchanges. It must be what pours out from the culture, the leadership, the brand, and the operations of a modern banking institution.

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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.

Cards 101
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Logistics, Alt Lending Lead B2B Startup Funding

PYMNTS

The firm offers QR code payments technologies, enabling merchants to accept electronic payments, but the firm’s Co-founder and CEO Ashneer Grover told the publication that the company is looking to step into the B2B eCommerce market, “not in an inventory-led manner, but as a marketplace.” ZipLoan secured $12.5

Lending 139