Kayla Ayres: A big wall street bank may be entering the small
business lending market. Goldman Sachs is said to be negotiating
with Amazon to provide capital to merchants on the Amazon
Marketplace. Some experts say this move was to be expected as
Goldman Sachs already successfully rolled out Marcus,
which is an online savings account brand and consumer
lending division. Meanwhile, Amazon quietly entered the small
business loan market in 2011. By our estimates here at deBanked,
Amazon is one of the five largest online lenders in the
country. You can help Ocrolus provide loans to underserved
entrepreneurs around the world. Ocrolus is asking its customers
to publish their fintech story on its website. In exchange for
each story. Ocrolus will give $5,000 for Kiva-backed loans.
Ocrolus' chief operating officer told deBanked, the best part of
Kiva is the type of people who are being helped and the impact
that this can have. There's a new face on the board of the
Canadian Lenders Association. BFS capital CEO, Mark Ruddock
has joined the board of directors. The CLA is the
premier lending and fintech association in Canada. Ruddock
says "the fast growth Canadian lending marketplace and the
vibrancy of Toronto as a center for tech and AI talent makes it
an exciting place from which to reimagine and build the future
of small business financial services." I'm Kayla Ayres and
this is deBanked News.