SAN FRANCISCO / LONDON (IT BOLTWISE) – Amazon and startup Slope have announced a new partnership that allows U.S. Amazon sellers to apply for a reusable line of credit directly through their seller accounts. This initiative, backed by JPMorgan Chase, uses artificial intelligence to assess sellers’ creditworthiness in real-time.
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Amazon, in collaboration with startup Slope, has created a new way for sellers to access needed capital. This partnership allows sellers to apply for a reusable line of credit directly through their Amazon seller accounts. This initiative is supported by a credit facility from JPMorgan Chase, which provides sellers with quick and easy financing.
Slope, a startup founded by Lawrence Lin Murata and Alice Deng, uses artificial intelligence to assess companies’ creditworthiness. Lin Murata, who grew up in São Paulo and experienced the financial challenges of small businesses firsthand, recognized the need for such a solution. With Slope he wants to offer small and medium-sized companies fair and quick financing.
Lines of credit start at an APR of 8.99% and are available to sellers who have been in business for at least a year and have annual sales of over $100,000. Sellers can access the credit line flexibly and adapt the repayment terms to their inventory cycle. This new option is particularly aimed at established sellers who have greater financing needs.
Amazon sees this partnership as an expansion of financing options for its sellers. An Amazon spokesperson emphasized that access to sufficient capital is critical to growing small businesses. With Slope’s integration into the Amazon seller platform, the application process is simplified and accelerated as credit decisions are made based on Amazon performance data and an internal AI model.
The collaboration with Slope is another step by Amazon to support its sellers and make it easier for them to access capital. Demand for this new lending option has already increased significantly in the first few weeks, underscoring the potential of this partnership. Slope plans to further expand the program and sees great growth potential in the area of e-commerce financing.
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