Post Tagged with: "SMB lending"

How Amex Is Going After Banks with Its New SMB Lending

How Amex Is Going After Banks with Its New SMB Lending

by July 5, 2016 at 2:28 pm 2 comments

American Express is taking a page from Square’s book and launching an online platform for small business loans of up to $750,000 — but its main target may be banks. The news came today via Bloomberg, which reported funds could be available as soon as two days after loan approval.Read More

Source: TechCrunch

Affirm’s Max Levchin Just Called the Fintech Bubble

by December 17, 2015 at 11:43 am 0 comments

Affirm, the small business lending startup headed by Max Levchin, has raised $320 million to date. Apparently, even Levchin, a PayPal founder, views that as, well, a lot. Yesterday, in a wide-ranging interview with Inc. magazine, Levchin called out fintech for being “oversaturated” and “overinvested.” In other words, we’ve gotRead More