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Uber partners with fintech firm Pipe to offer loans to small businesses

1. Uber partners with Pipe to offer loans to restaurants through its app. 2. Loans require no credit checks, easing access for small businesses. 3. 98% of Pipe loans are approved, with funds available in 24 hours. 4. The partnership aims to boost restaurant growth by addressing capital access. 5. Uber previously supported restaurants with grants during the Covid-19 pandemic.

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FAQ

Why Bullish?

This partnership enhances Uber's service offering, potentially increasing restaurant loyalty and orders. Historical partnerships have often led to positive growth in market perception.

How important is it?

The partnership directly boosts Uber's value proposition to restaurants, potentially increasing earnings and market share.

Why Short Term?

Immediate benefits likely as restaurants start using the new financing options; quick revenue impact.

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