06 September 2019

Stripe to enter lending market

Written By FinTech Alliance in Business Lending

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.

Up Next ...
12 July 2024

Malaysia's Affin Bank Partners with ACI Worldwide

The partnership is expected to improve transaction efficiency and support Affin Bank's digital transformation efforts

12 July 2024

Fintech Industry Shifts Focus to Profitability Amid Growth Challenges

This strategic pivot comes after a period of exuberant growth and high valuations in 2021

12 July 2024

Apple Opens NFC Technology to Avoid EU Fines

The move allows other companies to access and utilize Apple's NFC capabilities, which were previously restricted to Apple services like Apple Pay.

11 July 2024

UK Captures One-Third of European Tech Funding in 2024 as London and Cambridge boom

This growth highlights the UK's resilience and appeal in the tech sector, driven by substantial investments in AI, fintech, and energy

More in Business Lending

Funding Options acquired by Tide

29 November 2022

FinTech Alliance company Funding Options has been acquired by SME ...

Amazon to offer cash advances to merchants

02 November 2022

Amazon is launching a service to offer merchants on its ...

FinTech Moove partners with Uber UK on electric vehicles

01 September 2022

“Mobility FinTech” Moove has partnered with Uber UK to supply ...

iwoca to offer loans up to £500,000

20 July 2022

Automated lending platform iwoca has increased the size of the ...

Articles Business Lending

Deleveraging Europe

08 June 2021

As part of Deloitte's 2021 deleveraging report we will walk through how banks across Europe reacted...

There are no Events in this category