Amazon's On-Balance-Sheet Business Loan Program Steady | Amazon's business loan program has remained stable in Q4, with seller lending receivables totalling $1.3bn, according to data from the company. Amazon collaborates with third parties such as Parafin, Lendistry, and more recently SellersFi, to provide flexible and convenient access to capital for its sellers. Read more
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Dedicated Financial GBC Announces Office Relocation and Appoints Jay Keckhafer as President | Dedicated Financial GBC has moved its office to a larger space in Shoreview, Minnesota, and appointed Jay Keckhafer, a veteran with over two decades of experience, as its new President. The relocation supports the company's expansion, and Keckhafer's appointment is expected to drive its growth in the financial services sector. Read more
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Lightspeed's MCA Business is Accelerating | Lightspeed CFO Asha Bakshani reveals that the company, well-known as a global e-commerce platform, has doubled its capital business in a year, with a 95% gross margin in capital revenue. CEO Jean Paul Chauvet said the company launched Lightspeed Capital in France, the Netherlands, Belgium and Germany, expanding its high-margin offering, despite slight concerns that MCA originations might impact available operating cash. Read more
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PayPal Reiterates Tightening of Business Lending Originations | PayPal has continued to tighten its small business funding originations, resulting in losing its position as the top online funder to Square and Enova. Its CFO Jamie Miller affirmed on an earnings call that the company had adopted a prudent approach towards managing credit risk, which led to lower credit receivables. Read more
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