Alibaba enlists startups to provide UK trade financing

Anat Mann | 11.03.2015

SAN FRANCISCO (Reuters) - Alibaba Group Holding Ltd has enlisted two UK startups to provide financing for small British businesses looking to buy from Chinese suppliers, aiming to help cash-strapped firms access the world’s largest economy.

The partnerships with iwoca Ltd and ezbob announced by Alibaba on Wednesday are a first for the Chinese company in Europe, and are intended to provide short-term working capital to businesses that otherwise would have trouble securing funds from banks.

Banking

Partnership

Banking

Alibaba enlists startups to provide UK trade financing

First Progress Microfinance agreement with internet lender Ezbob and the EIF

Honing the Customer Experience in Digital Lending: Best Practices

Digital Lending Operations in 2024: What You Need to Know

Ready to create