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PayPal Takes the Lead in ‘Anti-Bank’ Small Business Lending

After PayPal filed to create a new banking unit, digital loan platform Slope launched a new, JPMorgan-backed credit offer to Amazon vendors.

Digital payment platform PayPal announced this week it had applied to Utah’s Department of Financial Institutions to establish a banking entity. It also filed documents with the U.S. Federal Deposit Insurance Corporation seeking coverage of its propo… [1912 chars]

Source: Inc. Magazine | Published: 2025-12-18T14:50:50Z

Credit: Inc. Magazine

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