[oisino]

As someone who has built a lot of saas products off Shopify this makes total sense. Square, Amazon, and PayPal have already gone down this path and proved its highly profitable. I would be curious if Shopify is white labelling a banks offering or if they are making loans a core competency. If the later then its really dangerous for this area is starting to become regulated and is shifting quickly. This risk is one the reasons Square moved away from doing it themselves to actually using third party banking partners to make loans. Also as many of those in the industry already know large loan providers are starting to anticipate a shift in the economy and are moving to invest in collection services rather than sales. If you don't have a competency in making good loans/ collections then you can get in trouble in a down market. That said I do love how companies like Shopify are figuring ways to empower more entrepreneurs to start and grow their businesses. I personally would have though it would have been better for them to open store processing data to qualified third party lenders and provide them an easy way to evaluate, price, and sell loans. This competition would have driven down the price of loans for businesses and Shopify could focus on making great software and just taking a cut off an area that isn't their core focus. Similar model to what has worked for them in other areas outside their core focus (i.e. apps/ theme/ experts market).