29 November 2014

Amazon hires Visa's Talwar to lead lending business

29 August 2014  |  4676 views  |  0 Woman figure shopping on top of keyboard

Amazon has hired Visa's North America credit card head Nick Talwar to run its business providing capital to sellers on its marketplace.

In a move picked up by Re/code, Talwar has joined the e-commerce giant as general manager of the little known Amazon Lending.

Before joining Visa, Talwar was chief revenue officer at P2P lending site Prosper and also spent several years at Citi.

Amazon has been providing capital to sellers and then automatically taking a chunk from their accounts every month for three years.

The service is only live in the US and Japan but according to a brief bio of Talwar on the World Economic Forum site, he will now be "leading Amazon's global expansion into the lending industry".

Amazon isn't the only one hoping to cash in on the tough climate faced by small businesses looking for financing. PayPal and Square have both introduced similar programmes for their sellers as they seek new revenue sources.

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

19 August, 2014
13 August, 2014
22 July, 2014
28 May, 2014
25 September, 2013

Related company news

 

Featured job

Competitive
Brussels

Find your next job