Santander and eBay have teamed up to offer loans to SMBs in the UK:
This is an excerpt from a story delivered exclusively to Business Insider Intelligence Fintech Briefing subscribers.Santander and eBay have teamed up to offer loans to small- and medium-sized businesses in the UK,the Financial Times. The Spanish banking giant's app, dubbed Asto, will start to offer loans to the over 200,000 SMBs in the UK that sell products on eBay.
Launching new products as stand-alone offerings can help Santander overcome a significant barrier to innovation.
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