HULFT BANNER
Subscribe to our e-newsletter
Follow us on Twitter
Privacy and cookies
Established 1996
Wednesday 13 November 2019

LATEST NEWS 

Payments Awards 2019

eBay partners Asto to offer SME finance

Written by Peter Walker
03/06/19

Online marketplace eBay has partnered with Asto, the Santander-backed FinTech, to offer cash flow loans to small businesses.

The partnership looks to help eBay’s customers ease cash flow pressures and grow their businesses.

Paolo Levoni, eBay’s chief operating officer, explained that the website has over 200,000 British small to medium-sized enterprises (SMEs) active on it. “Our partnership with Asto is designed to help our business sellers efficiently access cash loans to help them expand and manage cashflow – our latest step in helping small businesses in the UK to thrive.”

The Asto finance app will provide eBay customers a way to get accessible finance in a few clicks.

The company’s chief executive Sigga Sigurdardottir commented: “Working with eBay, Asto will empower small business owners with secure access to funds in a matter of minutes from their phone, versus traditionally several weeks.”

The cash flow loans will be launched later this year.


Retail Payments Survey

Technology for Marketing

HULFT
Find out how HULFT can help you manage data, integration, supply chain automation and digital transformation across your retail enterprise.

Talking shop: retail technology solutions from Brother
Retail Systems editor Peter Walker sits down with Brother’s senior commercial client manager Jessica Stansfield to talk through the company’s solutions for retailers and hospitality businesses, what’s new in labelling technology, and the benefits of outsourcing printing.
Most read stories...
World Markets (15 minute+ time delay)