Kabbage was founded in 2009. It provides credit loans to small online merchants by integrating and analyzing small online merchant transaction data, logistics company delivery data, and social network behavior data, filling the service gap of traditional credit.
Kabbage's target users:
Kabbage's main target customers are American online merchants on eBay, Amazon, Yahoo, Etsy, Shopify, Magento, and PayPal.
Kabbage's development history:
In November 2012, Kabbage expanded its business to mobile with iOS and Android apps.
In September 2014, Kabbage began lending $2 million a day to small businesses.
In March 2015, Kabbage began licensing its lending platform to power loans to organizations interested in providing financing to their customers.
In May 2015, Sage Payment Solutions became the first third-party organization to leverage Kabbage’s technology and data platform.
In May 2015, Kabbage launched the Kabbage Card, which allows businesses to pay for items at the point of sale using a purchasing card tied to their Kabbage account.
In April 2016, Kabbage announced a partnership with Santander UK, a subsidiary of GrupoSantander, to power automated SMB lending across the United Kingdom.
In July 2016, Kabbage launched an updated mobile app that supports the entire loan process from application to qualification and funding all within the app.
This is the end of the introduction to Kabbage in this issue. If you want to get more information about Kabbage, please pay attention and we will continue to answer your questions~
