When Amazon Eats Your Lunch

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From @AmerBanker:

Amazon is ramping up to break into the lending business nationally by doling out cash to some of its online sellers who need to fund their inventories upfront.

Amazon Lending is being backed by Amazon Capital Services, according to an online forum for Amazon sellers.

The program has been in existence for about a year and reamains in a limited testing stage, however, as Amazon applies for lending licenses state by state and awaits approvals, according to a person with knowledge of it who spoke to American Banker on the condition of anonymity.

The Wall Street Journal pushed this story further forward several days after I published mine.

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