Amazon is going to make a push to revitalize its loan business after a recent slump, according to a report by the Financial Times. The eight-year-old business offers annual loans at interest rates of between 6 and 17 percent, but growth has slowed in the...
Amazon India is integrating its first small business lender via API into the Amazon Lending marketplace, reports in News Barons said on Wednesday (April 24). India’s FlexiLoans has expanded its existing partnership with Amazon.in through the integration of its lending platform into the Amazon Lending...
Amazon is partnering with Bank of America Merrill Lynch to expand its lending program for small businesses. CNBC reported that the partnership – revealed by sources who did not want to be named – will allow the eCommerce giant to reduce its risk and provide...
Google and Amazon are ready to shake up the small business lending world and place competitive pressure on traditional banks, according to Karen Mills, advisor for small businesses to former President Barack Obama. Reports in CNBC said Mills, speaking at London’s LendIt Europe conference, predicted these...
January 30, 2024
SellersFi has partnered with Amazon to offer lines of credit to Amazon sellers. This offering will provide these sellers with access to credit lines of up to $10 million through Amazon Lending to support their stores, the companies said in a Tuesday (Jan. 30) press release emailed to PYMNTS. “This relationship with Amazon highlights our dedication to transforming eCommerce financing […]
June 14, 2019
Amazon is going to make a push to revitalize its loan business after a recent slump, according to a report by the Financial Times. The eight-year-old business offers annual loans...
February 15, 2018
Amazon is partnering with Bank of America Merrill Lynch to expand its lending program for small businesses. CNBC reported that the partnership – revealed by sources who did not want...
