PayPal Expands Its Working Capital Service To UK, Switches From Loans To Cash Advances - Presented by: The Aol. On Network

In one of the latest moves, eBay’s PayPal is expanding its Working Capital service to the UK. This is its first market for PayPal’s lending platform outside of the U.S., where it first launched the service in September 2013 and has provided $140 million in capital to businesses to date. James Barrese, the CTO of PayPal, says that the creation and expansion of Working Capital is part of how the company is trying to reinvent itself and return to its tech roots to grow its platform.



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