Getting a loan for many small businesses remains a struggle — and that's where Kabbage comes in. Disruptor50
Funding: $489 millionKey technologies: Artificial intelligence, cloud computing, machine learningSmall businesses are continuously touted as the lifeblood of the U.S. economy, but it doesn't seem like the big banks know that. Getting a loan from any of the majors remains a struggle — and that's where Kabbage comes in.
Last year Kabbage funded more than $2 billion to small businesses — one third of its total funding since 2011. It now lends about $10 million a day to customers with rates that range from 1.5% to 10%, depending on the performance factors of the business that are evaluated. In January, Kabbage partnered with Chinese e-commerce giant Alibaba on a program called Pay Later. It allows U.S. small businesses on Alibaba.com to access up to $150,000 of financing for their orders. The fintech has raised $489 million in funding so far from SoftBank, Santander Bank and others.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
24. FlexportMoving $1 trillion in freight forward
Weiterlesen »
23. TransferWise2019 Disruptor 50: No. 23 TransferWise
Weiterlesen »
25. Fanatics2019 Disruptor 50: No. 25 Fanatics
Weiterlesen »
34. Palantir2019 Disruptor 50: No. 34 Palantir
Weiterlesen »
21. Coursera2019 Disruptor 50: No. 21 Coursera
Weiterlesen »
22. CLEAR2019 Disruptor 50: No. 21 CLEAR
Weiterlesen »
33. Affirm2019 Disruptor 50: No. 33 Affirm
Weiterlesen »
31. Skillz2019 Disruptor 50: No. 31 Skillz
Weiterlesen »
32. Cohesity2019 Disruptor 50: No. 32 Cohesity
Weiterlesen »
37. Lemonade2019 Disruptor 50: No. 37 Lemonade
Weiterlesen »
Meet the 2019 CNBC Disruptor 50 companiesThe No. 1 company on our Disruptor50 list this year is IndigoAg. The Boston-based agricultural technology start-up is creating seed treatments that optimize the health of a plant in order to increase its yield. See the full list here:
Weiterlesen »