Growth Has Slowed for Amazon’s Small Business Lending

The FT is reporting that growth has slowed dramatically in recent years for Amazon’s small business lending operation; citing the company’s annual report Amazon Lending grew only 2.6% in 2018 and 4.7% in 2017; it has stopped making new loans in Japan, one of its first three markets (after the US and UK); but based on recent job ads it appears they are planning to ramp up their business lending program again; in the UK they are reportedly interested in taking advantage of open banking to help augment their own massive data trove when making underwriting decisions. Source.