Goldman Sachs in talks with Amazon to offer small business loans: FT

Goldman Sachs in talks with Amazon to offer small business loans: FT

Goldman Sachs Group is in advanced talks with Amazon.com Inc to offer small business loans in the United States on the e-commerce giant's lending platform, the Financial Times reported on Monday.

FILE PHOTO: A view of the Goldman Sachs stall on the floor of the New York Stock Exchange
FILE PHOTO: A view of the Goldman Sachs stall on the floor of the New York Stock Exchange July 16, 2013. REUTERS/Brendan McDermid/File Photo

REUTERS: Goldman Sachs Group is in advanced talks with Amazon.com Inc to offer small business loans in the United States on the e-commerce giant's lending platform, the Financial Times reported on Monday.

Goldman has begun building technology that would allow it to offer loans to small and medium-sized businesses over Amazon's lending platform, the FT reported, citing two people familiar with the matter, adding that the project could go live as soon as March. https://on.ft.com/3b8PHDJ

Goldman Sachs and Amazon did not immediately respond to Reuters' requests for comment.

(Reporting by Ambhini Aishwarya in Bengaluru; Editing by Anil D'Silva)

Source: Reuters

Bookmark