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Amazon Partners with Bank of America for Lending
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Amazon Partners with Bank of America for Lending

Amazon Partners with Bank of America for Lending

Fintech Nexus Staff·
FintechNews RoundupUSA
·Feb. 15, 2018·1 min read

Amazon Lending first launched in 2011 and now is partnering with Bank of America Merrill Lynch according to sources; Amazon invites sellers to the program which provides loans between $1000 and $750,000; in June, 2017 Amazon announced it had lent $1 billion over the previous 12 months; recent reports show that Amazon has slowed growth of the product in 2017 to better understand credit risks. Source

  • Fintech Nexus Staff
    Fintech Nexus Staff

    This piece was created by one of our content team members. Reach us at [email protected]

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