Since 2008, loans made to small businesses have decreased in absolute terms by 41%. Banks have been pulling back from SMB lending.
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When businesses *can* get a bank loan, they spend an average of 25 hours on paperwork and wait weeks or months for approval.
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For internet businesses, capital is vital to growth: for marketing spend, inventory, engineering, and much else.
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Stripe users report access to capital as one of the top factors affecting their growth.
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We’re introducing Stripe Capital today: loans designed for internet businesses, underwritten by your payments on Stripe, no application necessary, paid back automatically.https://stripe.com/capital
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Replying to @collision
When are you expanding Stripe services to Pakistan?
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No news to share right now but if you sign up at https://stripe.com/global#PK , we'll let you know when that changes.
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