Stripe to enter lending market

September 06, 2019 | Business Lending

Written by FinTech Alliance

Stripe to enter lending market

FinTech startup Stripe will offer loans to its existing users.

In Brief:

  • The company helps businesses accept online payments.

  • It launched Stripe Capital on Thursday whereby loans will be available for existing Stripe customers.

  • The focus at the moment will be on loans worth $10,000-$20,000.

What does this mean?

Stripe is going after the SME market which has proved fruitful for FinTech lending – but it has the potential to expand the service to its larger customers, such as Amazon.com, in the future.

Read more here.

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