eBay launches cash flow loans with Asto
The partnership will help small business sellers access cash loans
eBay, the world’s largest online marketplace, and Asto, a Santander-backed fintech, have partnered up to offer cash flow loans to eBay.co.uk’s growing network of small businesses.
The app will provide eBay customers with a way to get accessible finance in a matter of clicks, to help them stay on top of their money and keep their cash flow positive.
The partnership looks to help eBay’s small business customers ease cash flow pressures and grow their businesses.
“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,” says Paolo Levoni, eBay chief operating officer.
Asto aims to make access to financial services for the UK’s freelancers and small business owners, simple and easy to manage on-the-go.
“Working with eBay, Asto will empower small business owners with secure access to funds in a matter of minutes from their phone,” says Sigga Sigurdardottir, CEO of Asto.
The cash flow loans for eBay users will be launched later this year.
