PayPal cash advances to UK SMEs reach ?625m but is it really lending?
PayPal has provided UK SMEs with £225m in cash advances since June 2017, as the payment processor claims its alternative finance model is filling an entrepreneurial funding gap.
PayPal has provided UK SMEs with £225m in cash advances since June 2017, as the payment processor claims its alternative finance model is filling an entrepreneurial funding gap.
After PayPal revealed SMEs were benefitting from the weak pound to grow online exports, Real Business spoke with the company’s MD, Mark Brant, for further details.