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Briefing
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- New Loans Service – Stripe announced Stripe Capital, new service for Internet business to access loans, on September 5, 2019
- Stripe Integration – Integration with Stripe means businesses can automatically apply for loan in platform, with payments deducted from sales processed through service
- Data and AI Driven – Artificial intelligence (AI) analyzes eligibility of loan applicants based on history with Stripe, including payment volumes, percentage of repeat customers, payment frequencies, and changes in revenue growth
- Stripe Connect Support – Allows Stripe’s business-to-business (B2B) customers, part of Stripe Connect marketplace, to also offer financing to their customers
- Benefits – Removes complexity, provides access to funds faster, and does not charge recurring interest or late payment fees
- Bank Partner and Availability – Works with undisclosed bank partner that provides funds, with service to be available across U.S.
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Accelerator
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Market Disruption
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Business Model and Practices
Business Model
and Practices
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Sector
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Financial Services, Information Technology
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Function
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Accounting and Finance, Customer Experience and Service
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Organization
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Stripe
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Source
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Original Publication Date
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September 5, 2019
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