San Francisco-based fintech Stripe Inc. is now debuting Stripe Capital to provide financing for its small business customers. Stripe, whose software is used by companies such as Lyft, OpenTable and Instacart to accept online payments, now joins Square Inc. (NYSE: SQ) and PayPal Inc. (NASDAQ: PYPL) in offering such a service. The three companies are in a powerful position to provide financing, since they see and handle their borrowers’ daily cash flows and can take repayment directly out of that cash flow. Read More...
Stripe joins Square and PayPal in small business lending
San Francisco-based fintech Stripe Inc. is now debuting Stripe Capital to provide financing for its small business customers. Stripe, whose software is used by companies such as Lyft, OpenTable and Instacart to accept online payments, now joins Square Inc. (NYSE: SQ) and PayPal Inc. (NASDAQ: PYPL) in offering such a service. The three companies are in a powerful position to provide financing, since they see and handle their borrowers’ daily cash flows and can take repayment directly out of that cash flow.
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