SellersFi, a global e-commerce financing and financial services company, is partnering with Amazon Lending to offer eligible sellers credit lines of up to $10 million, the companies announced Tuesday. CEO and co-founder Ricardo Pero said the credit lines are targeting larger sellers with revenues of $4 million per year, or more, that are looking to scale up. “Banks are very competitive in pricing, but they have limited resources to properly evaluate this industry,” noting that its...

The inability to reach someone outside of business hours is a source of friction for some digital bank customers, but Rising Bank wants to set itself apart through one-on-one attention. Rising Bank, which is Midwest BankCentre’s digital-only brand, goes to pains to ensure customers get routed to a real person, even if the CEO is …Read More

WSFS Bank is working with Intain, a blockchain firm based in Chennai, India, to help automate capital markets transactions. The Wilmington, Del.-based bank, a subsidiary of WSFS Financial, said it’s using Intain’s blockchain-based tool to facilitate trustee reporting for asset-backed securities transactions. This collaboration allows automation of a reporting requirement that is usually done manually, …Read More

LendingClub, the publicly traded digital-lending marketplace, announced Tuesday that it is acquiring Boston-based Radius Bank, which has $1.4 billion in assets and is partnered with several fintech companies. LendingClub will pay $185 million for the acquisition, which the company expects to pay for itself in less than two years. The move offers a stable source of funding for LendingClub, sophisticated tools to underwrite customers and a path to an expanded product suite. LendingClub’s...

U.K.-based small business finance provider Liberis has teamed up with FIS-owned payments company Worldpay to offer cash advance products to small businesses in the U.S., the companies confirmed late last month. Through the WorldPay Working Capital Solution, Liberis and Worldpay are able to reach small businesses that may find it difficult to get credit from banks. Eligible businesses can apply for merchant cash advances that are typically between $2,500 and $60,000, depending on their...