Technology

Goldman Sachs wants to offer small business loans through Amazon

The deal can make Goldman Sachs get closer to its rivals JPMorgan Chase and Citigroup

In an exclusive interview with LABS, Daniel Mazini, Head of Retail at Amazon Brazil, evaluates the results of the first few months after the expansion of the company in the country
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  • Two people briefed on the discussions with the online retailer, the project could be launch on March;
  • The deal could help Amazon Lending, launched in 2011, to really profit by offering other financial companies services as Jeff Bezos has imagined.

According to Financial Times, Goldman Sachs is negotiating a deal with Amazon to offer small and medium-size business loans through the big tech’s lending platform, Amazon Lending, which was launched in 2011. According to the publication, two people briefed on the discussions with the online retailer, the project could be launch on March.

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FT says that “Goldman, which declined to comment, is in the midst of a transformation from a trading and investment banking powerhouse into a broader financial services group that more closely resembles rivals JPMorgan Chase and Citigroup“.

At the same time, FT points out that a deal with Goldman would be “in line with Jeff Bezos’s push to turn the company into an infrastructure provider that profits from a growing chunk of online trade by charging for a host of commercial services offered to other companies”.