The acquisition aims to combine the tools of both companies to make a reportedly unique app for small business owners.
On Tuesday, Denver-based online lender Funding Circle launched a partnership with DreamSpring, to increase access to funding for SMBs.
A longtime SMB lender toward its own seller network, Amazon will begin offering official short-term loans up to $100,000.
“Amazon came to us with this incredible idea,” CEO and Founder Everett K. Sands said.
Traditionally a time-consuming process, Ocrolus has released an automated fraud detection software to aid lenders.
On Tuesday, Dec. 21, LendIt fintech announced finalists for the 5th annual LendIt Fintech Industry Awards to celebrate the top fintech influencers and innovators across 14 categories.