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Amazon CEO Jeff Bezos. Photo by Bloomberg.
Amazon Startups

Amazon’s Lending Biz Growing—Within Limits

By
Eugene Kim
 |  March 22, 2017 10:01 AM PDT
Photo: Amazon CEO Jeff Bezos. Photo by Bloomberg.

For five years, Amazon.com has quietly been making small loans to a few of the merchants that sell on the e-commerce giant’s website. Now that little effort has become a decent-sized business.

Amazon revealed recently that total outstanding loans to merchants had nearly doubled to $661 million on Dec. 31 from $337 million a year earlier. The disclosure, in a Securities and Exchange Commission filing, was the first time Amazon has broken out the figures for the lending program.

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