Published On: Tue, Sep 1st, 2015

PayPal’s Small Business Lending ‘Accelerating’ On The Way To $1 Billion

PayPal CEO Dan Schulman inaugurates the company’s trading as an independent company on Nasdaq. PayPal’s small-business lending, started as an add-on for its merchants, has been growing rapidly.

ayPal-CEO-Dan-Schulmanpaypal-commerce-rewired

PayPal got into small-business lending almost two years ago as an add-on for its merchants, and in May the company said its total loans had surpassed $500 million, and that it was lending out $2 million a day in the U.S. alone. But with alternative financing expanding rapidly, and PayPal having an advantage with its captive audience of retailers, I wondered just how fast PayPal’s small-business lending was growing now.

Read the full story at FORBES,  by Amy Feldman

More news from PayPal

PayPal makes money transfers more personal Fortune

Dan Schulman, PayPal

Read more about: , , , , , , , , ,

About the Author

Wordpress site Developed by Fixing WordPress Problems