UK now covered by Amazon Lending seller loan
Amazon is set to expand its seller loan program to eight new countries to help vendors get on their feet in growing markets.
The e-retailer has extended its small seller loan system beyond the US and Japan to Canada, China, France, Germany, India, Italy, Spain and the UK.
Amazon Lending, launched in 2012 to extend short-term credit to third party sellers, is available only on an invite basis only, according Reuters.
It will be best used to expedite the rate vendors can grab shares in developing markets such as China where e-commerce rival Alibaba has a firm grasp.
Amazon Lending will use internal sales data to decide which partners will be most likely to benefit from capital aid.