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Daily Review: Alternative Lending Shows Positive Momentum – Q3 Earnings Reports

Business lending has traditionally been dominated by institutional players. Over the past several years, however, a gap in SME financing has been taken close to the heart by technology giants and startups alike. "There are a number of tech companies that do small business lending in varying degrees," Rania Succar, Head of QuickBooks Capital at Intuit, told CNBC. "For example Square, PayPal and Amazon offer loans to merchants."

According to the Federal Reserve, only 23% of businesses younger than five years get access to credit, which created a perfect environment for proliferation of alternative lenders. In fact, lending (along with payments) has long been the most well-funded and represented segment in FinTech ...

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