A survey of 550 small-business leaders in April found they remained confident despite concerns of a looming recession. While more than four in five respondents (83%) were concerned there would be a US economic recession soon, 80% of businesses said Read more
Amazon is promoting a new line of credit to cash-strapped sellers, adding to the ways it helps sellers grow their businesses on Amazon through lending programs. In 2019, Amazon loaned more than $1 billion to more than 14,000 US-based businesses. Read more
Kabbage launched a payment solution for small businesses designed to help them get paid faster. “Two-thirds of Kabbage’s more than 200,000 customers rely on invoicing to receive payments today and wait as long as 90 days to be paid,” it Read more
Alibaba debuted its Pay Later service for online sellers procuring inventory on its marketplace during the CES show last week. The service is powered by Kabbage, which kicked off the trend of offering loans and financing to online sellers nearly Read more
Online sellers are benefiting from new services and tools from third-party developers. Here’s a look at some recent developments among vendors and services in the ecommerce industry. Financing for Online Sellers (UPS and Kabbage) UPS is an early investor in Read more
