#BigTech / Amazon Continues its Push Into Financial Services

… Amazon has 1.7 million small business merchants all over the world that sells products through its online store and the company made over $1 billion in loans available to these merchants in 2019;

their partnership with Goldman Sachs announced last month will extend their lending capability; while it has no interest in building a next-generation bank it is clear that the company will continue to add financial services to support its merchants and the end consumer.

https://news.lendit.com/2020/07/31/amazon-continues-its-push-into-financial-services/