PayPal Crosses $10 Billion In Small Business Loans

PayPal recently disclosed that they had crossed $10 billion in originations which makes them the leader when it comes to non-bank lenders in the US; they are now originating around $1 billion every quarter; PayPal operates in the UK, Australia, Germany and also Mexico through a partnership with another online lending platform; they are closely followed by Funding Circle who has originated $9.5 billion in small business loans. Source

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