{"id":9878,"date":"2018-06-15T08:28:33","date_gmt":"2018-06-15T08:28:33","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=9878"},"modified":"2018-08-10T06:29:53","modified_gmt":"2018-08-10T06:29:53","slug":"amazon-partners-with-bank-of-america-for-lend-tech-leap","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/amazon-partners-with-bank-of-america-for-lend-tech-leap\/","title":{"rendered":"Amazon partners with Bank of America for lend-tech leap"},"content":{"rendered":"<p>Amazon is partnering with Bank of America as part of an effort to expand its lend-tech program for small businesses that sell on Amazon. Amazon Lending is an invitation-only program that makes loans for firms that find it difficult getting traditional business loans. Loans are made of between USD 1,000 and USD 750,000, with terms of up to 1 year. In June 2017, Amazon said it issued more than USD 1 billion in loans during the previous 12 months, compared to the combined USD 1.5 billion in the four years prior to that.<\/p>\n<p>Although the exact details of the partnership are unknown, partnering with Bank of America allows Amazon to reduce its risk and access capital as it works to provide credit to more merchants.<\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-9878 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='EY report: Fintech penetration rates around the world'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/ey-report-fintech-penetration-rates-around-the-world\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/11\/EY-report_Fintech-penetration-rates-around-the-world-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-7042\" srcset=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/11\/EY-report_Fintech-penetration-rates-around-the-world-150x150.jpg 150w, https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/11\/EY-report_Fintech-penetration-rates-around-the-world-100x100.jpg 100w\" sizes=\"auto, (max-width: 150px) 100vw, 150px\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-7042'>\n\t\t\t\tEY report: Fintech penetration rates around the world\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='New platform makes financial products easier'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/new-platform-makes-financial-products-easier\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/06\/new-platform-makes-financial-products-easier-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-12919\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-12919'>\n\t\t\t\tNew platform makes financial products easier\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Amadeus, Mastercard, Elavon test B2B payments plan with Thai Airways'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/amadeus-mastercard-elavon-test-b2b-payments-plan-with-thai-airways\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/07\/amadeus-mastercard-elavon-test-b2b-payments-plan-with-thai-airways-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-13313\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-13313'>\n\t\t\t\tAmadeus, Mastercard, Elavon test B2B payments plan with Thai Airways\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Amazon is partnering with Bank of America as part of an effort to expand its lend-tech program for small businesses that sell on Amazon. Amazon Lending is an invitation-only program that makes loans for firms that find it difficult getting traditional business loans. Loans are made of between USD 1,000 and USD 750,000, with terms &hellip;<\/p>\n","protected":false},"author":5,"featured_media":9916,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,16],"tags":[407,129,141],"class_list":["post-9878","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-fintech","category-international-fintech","tag-marketplaces","tag-onlinelending","tag-sme","b_post_type-the-fintech-world"],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/9878","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=9878"}],"version-history":[{"count":3,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/9878\/revisions"}],"predecessor-version":[{"id":10023,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/9878\/revisions\/10023"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/9916"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=9878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=9878"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=9878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}