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Using AI Powered Loan Companies

Using AI Powered Loan Companies yellow and black robot toy

Many small business owners are skipping the bank or venture capital firms and instead relying on AI approved loans via shopify or paypal, reports Quartz.

When Xiomara Rosa-Tedla needed a small loan in February 2020 to fund her e-commerce startup Unoeth, she didn’t reach out to a venture capitalist or a bank officer. She asked an algorithm.

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