The largest online small business lender in the US is now PayPal having done $4 billion in loans in 2018;...
I started writing about marketplace lending back in 2010, so I have spent almost the entire decade immersed in this...
Jeff Bezos does not care about competitors, only customers How can financial institutions provide more Amazon-like services?
65% of Amazon Prime respondents are willing to try a free online bank account offered by Amazon. This data is...
digital transformationEmbedded Financeenterprise blockchainexchanges / cap mktsmega banksneobankOpen Bankingopen source
·In this analysis, we focus on Goldman Sachs launching an institutional embedded finance offering within Amazon Web Services, and Thought Machine raising a unicorn round for its cloud core banking platform. We explore these developments by focusing on the emerging role of cloud providers as distributors of third party software, think through some of the implications on standalone fintechs and open banking, and check in on AI company Kensho. Last, we highlight the difference between Web3 and Web3 approaches to “cloud”, and suggest a path as to how those can be rationalized in the future.
2019 saw a number of big moves from big tech companies when it came to financial services and 2020 is...
Much has been written about Amazon’s foray into financial services; a new survey shows that 3 in 10 consumers say...
Ron Shevlin takes a deep dive into the new small business lending partnership announced last week between Amazon and Goldman...
Amazon's palm reader is having an impact on the fortune teller industry
The company raised $22 million as an extension to its $45 million Series C in August 2017; Capital Float raised $80 million of debt in the last 12 months used to finance its small business loans in India; Capital Float’s customer base includes 80,000 people in 300 cities; they currently complete 10,000 loans per month and have an outstanding loan portfolio of $170 million; their default rate is around 2% and loans are between $376 and $7,530. Source
