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Following Lending Club’s Success, PayPal to Expand into the Lending Space

PayPal is looking to add lending facilities to its already wide service portfolio. Perhaps not coincidently, the lending market is witnessing success stories from startups like Lending Club. PayPal has already advanced loans worth $200M to consumers and small businesses. As PayPal spins off from its parent company eBay, the company considers the lending program a crucial component of its strategy as the ...

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