FedEx Dataworks, the insights and intelligence subsidiary of FedEx Corp., and Stripe plan to leverage their respective platforms to expand access to financing for small and medium-sized businesses (SMBs), the companies said in a Tuesday (Oct. 6) press release.
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This project, which they plan to launch in 2027, is the first such joint solution FedEx Dataworks and Stripe plan to develop under a new strategic collaboration that will combine signals from the global FedEx network and Stripe financial infrastructure, according to the release.
The companies’ first joint solution will leverage supply chain intelligence from FedEx Dataworks, including shipment activity, inventory movement and fulfillment performance, to help inform financing analysis with Stripe Capital, the release said.
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These real-time operational signals will enable Stripe to make lending decisions more quickly than traditional processes that rely on bank statements and credit scores, per the release.
Vishal Talwar, executive vice president, chief digital and information officer of FedEx Corp., and president of FedEx Dataworks, said in the release: “Every day, FedEx helps move more than $2 trillion in global commerce, giving us unique visibility into how businesses operate.”
John Collison , co-founder and president of Stripe, said in the release, speaking of the partnership: “Together, we can turn the operational momentum of a small business, like shipping a thousand packages a week, into access to growth finance through Stripe Capital.”
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