Contributor: Harold Goldmeier;
Growth, momentum, growth at reasonable price
Two public companies dominate by revenue the non-bank small business financing space for the last six years. They are Square, Inc. and On Deck Capital, Inc.
Their core business is called Merchant Cash Advance the hallmarks of which are no government regulation, extraordinary high rates of return on asset purchases, and a consistently expanding target market.
MCAs are one of the newest fintech services and the field feels like gold rush days.
Amazon’s Impending Invasion Of Banking
Las Vegas – Circa July 2017: Amazon.com Fulfillment Center. Amazon is the Largest Internet-Based Retailer in the United States
OBSERVATIONS FROM THE FINTECH SNARK TANK
Fears of an Amazon “invasion” in financial services have reached a fever pitch. One Financial Brand article reported that banks and credit unions are “bracing for the Amazon doomsday.”
Does Amazon–and other big tech companies, for that matter–really have that much of an advantage coming into the banking market?