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.

More in Business Lending

iwoca hits £1bn milestone on funding SMEs
Business Lending
November 05, 2019

iwoca hits £1bn milestone on funding SMEs

The UK-based small business lender has now funded over 30,000 businesses In Brief Since lau...

British Business Bank commits to further supporting UK Tech
Business Lending
October 21, 2019

British Business Bank commits to further supporting UK Tech

British Business Bank’s VC arm, British Patient Capital, will continue to support the country&...

Short Take - Amir Nooriala, OakNorth
Business Lending
August 14, 2019

Short Take - Amir Nooriala, OakNorth

In our latest Short Take video, we chat with OakNorth's chief strategy officer, Amir Nooriala ab...

There are no Knowledge Bank in this category

There are no Events in this category