PayPal acquired online lending company Swift Financial on Thursday to better compete with the likes of Square and Kabbage in the small business lending space. With the acquisition, San Jose, Calif.-based PayPal Holdings Inc. (NASDAQ:PYPL) hopes to provide more working capital to small businesses. The company will offer term loans of up to $500,000 to larger merchants and will employ Swift’s technology to meet the needs of small and mid-sized businesses. The terms of the deal were not disclosed. CEO…
from Charlotte Business News - Local Charlotte News | Charlotte Business Journal https://www.bizjournals.com/charlotte/news/2017/08/11/paypal-swift-financial-small-biz-lending-pypl.html?ana=RSS%26s=article_search
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