Microsoft Azure now hosting SME alt-lender

An alternative small business lender has now switched its hosting platform to Microsoft Azure in a move the firm says represents its strong growth trajectory. Folk2Folk announced Tuesday that it has gone live on Microsoft Azure cloud after being hosted on Rackspace, though the company said it would continue to use Rackspace to optimize its cloud apps. The company, which launched in 2013, said the migration will allow the company to be hosted on the cloud and yet still focus on expansion. Read more: pymnts.com