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Amazon Unlocks $5 Million Loans for Sellers Via Altman-Backed Slope
Amazon.com Inc. is diving deeper into merchant financing by partnering with Slope, an artificial intelligence-driven lending platform backed by OpenAI CEO Sam Altman and JPMorgan Chase & Co. The collaboration, announced Tuesday, enables eligible U.S. sellers on Amazon’s platform to access reusable lines of credit up to $5 million, using their sales data directly from Seller Central for rapid approvals. Slope, a San Francisco-based fintech founde…
Slope Working with Amazon to Expand Access to Capital for Amazon Sellers
New program brings AI-powered underwriting and instant financing to U.S. Amazon Sellers, supported by a J.P. Morgan credit facility SAN FRANCISCO--(BUSINESS WIRE)--Slope, the AI-native lending platform transforming how businesses get approved and fund... L'articolo Slope Working with Amazon to Expand Access to Capital for Amazon Sellers è un contenuto originale di 01net.
Slope, a San Francisco Fintech supported by JPMorgan Chase and OpenAI CEO Sam Altman, has announced an agreement with Amazon to offer U.S. vendors a reusable credit line integrated into their Seller accounts. The goal: access to capital with real-time approvals, at a time when inventory, logistics and advertising demand constant cash in the marketplace.
Lending startup backed by Altman, JPMorgan teams up with Amazon
Slope, a lending startup that uses artificial intelligence to vet businesses, is partnering with Amazon starting Tuesday to provide a reusable line of credit to Amazon sellers, backed by a JPMorgan Chase credit facility, the company told CNBC exclusively. The new relationship means eligible U.S. Amazon vendors can apply for and access capital directly through their Amazon Seller accounts with real-time approvals. Slope was co-founded by CEO Lawr…
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