Search Results for: Kabbage

August 20, 2020 @ 8:38 am By JD Alois  |  

Behalf, Inc., a financing and payment solutions for B2B sellers and buyers, has selected Rob Rosenblatt as CEO. Rosenblatt is a former Kabbage and Flywire executive has served as Behalf’s President for the past six months. Rosenblatt was previously the Head of Lending & GM… Read More

August 18, 2020 @ 8:49 am By JD Alois  |  

Kabbage, one of the best known online lenders in the US, has signed an agreement to be acquired by American Express (NYSE:AXP). Rumblings of a potential deal between the two parties have been circulating for some time now. In a public statement, American Express said… Read More

August 6, 2020 @ 4:04 pm By Samantha Hurst  |  

Global financial service platform Kabbage announced it will not be accepting new applications for the Paycheck Protection Program after August 6th (today). The online lender decided to close the application process for new applicants before the August 8th deadline in order to finalize existing applications…. Read More

July 22, 2020 @ 9:55 am By Samantha Hurst  |  

Global financial service platform Kabbage announced on Wednesday the launch of  Kabbage Checking, which is a new business checking account built for small businesses. According to Kabbage, the checking account gives small businesses the same capabilities, convenience, and security they expect with a traditional checking… Read More

July 2, 2020 @ 3:30 pm By Samantha Hurst  |  

Global financial service platform Kabbage announced on Wednesday it has approved more than 209,000 Paycheck Protection Program (PPP) applications for $5.8 billion. Kabbage claimed it is the third-largest PPP lender in the country by application volume.  As previously reported, the PPP is part of the… Read More

June 18, 2020 @ 10:25 pm By Samantha Hurst  |  

Global financial service platform Kabbage announced on Thursday it will now and always recognize Juneteeth as a company holiday. Juneteeth is an official American holiday and an official Texas state holiday that celebrates annually on the 19th of June to commemorate Union army general, Gordon… Read More

June 17, 2020 @ 11:12 am By Samantha Hurst  |  

  Global financial service platform Kabbage announced on Tuesday it has expanded its Paycheck Protection Program (PPP) with a customized application for drivers and delivery people who use Uber in the U.S. The Paycheck Protection Program is part of the $2 trillion Coronavirus Aid, Relief,… Read More

May 18, 2020 @ 9:54 am By Samantha Hurst  |  

Global financial service platform Kabbage announced on Monday that more than 110,000 U.S. small businesses have been approved to receive over $3.5 billion in Paycheck Protection Program (PPP) funding through its online lending platform.  As previously reported, the Paycheck Protection Program is part of the… Read More

April 7, 2020 @ 5:06 pm By Samantha Hurst  |  

Global financial service platform Kabbage announced on Tuesday it has partnered with a technology-enabled bank and authorized lender of the Small Business Administration (SBA) to deliver billions of dollars of Paycheck Protection Program (PPP) loans to American small businesses. Kabbage claims its program has received more… Read More

March 30, 2020 @ 12:55 pm By JD Alois  |  

Kabbage, an online lender focusing on SMEs, is apparently temporarily laying off employees in light of the COVID-19 pandemic. Additionally, a support center in Bangalore is said to be shuttering and executives are taking pay cuts as the Fintech struggles to adapt in a landscape… Read More

March 18, 2020 @ 9:00 am By JD Alois  |  

Online lender Kabbage has launched a new website “www.helpsmallbusiness.com” designed to support SMEs during the Coronavirus crisis. According to a release distributed by the Fintech, the initiative is a “call to action” that enables anyone to purchase an online gift certificate from participating small businesses… Read More

February 18, 2020 @ 10:25 pm By Samantha Hurst  |  

Global financial service platform Kabbage announced on Tuesday its latest data, which polled more than 600 U.S. small business owners, revealed the majority of small businesses believe their revenue growth underperforms their peers. Specifically, 60% of respondents ranked their revenue growth below the 50th percentile… Read More

February 4, 2020 @ 12:32 pm By Samantha Hurst  |  

Global financial service platform Kabbage announced on Tuesday it has launched access to custom loans for Kabbage Payments customers. Kabbage reported the new lending product offers U.S. small businesses more control over short-term funding needs. Kabbage also revealed that with custom loans, Kabbage Payments customers choose any… Read More

October 25, 2019 @ 7:38 am By JD Alois  |  

When you make a payment today using your online bank account it can take days to process. This makes absolutely no sense at all. This is a disservice to users and only benefits big banks as they gain by holding the money as long as… Read More

September 11, 2019 @ 3:28 pm By Samantha Hurst  |  

Global financial service platform Kabbage announced this week the launch of its new Small Business Revenue Index. According to Kabbage, the index has two million live data connections the platform maintains across its customer base of more than 200,000 small businesses. “The Kabbage Small Business… Read More

September 3, 2019 @ 3:03 pm By Samantha Hurst  |  

Global financial service platform Kabbage announced on Tuesday it has acquired Radius Intelligence, a  small-business data platform. Kabbage reported that the acquisition allows it to more deeply understand and serve small businesses as it adds insights from more than 20 million U.S. small businesses to… Read More

July 2, 2019 @ 10:11 am By Samantha Hurst  |  

Global financial service platform Kabbage announced on Tuesday it has secured a $200 million revolving credit facility to support its growth for providing U.S. small businesses access to flexible, online funding. According to Kabbage the senior tranche of the new dual-class transaction earned an A(sf) rating… Read More

June 9, 2019 @ 10:27 pm By Samantha Hurst  |  

Kabbage announced on Friday it has teamed up with the Building Trades Employers’ Association (BTEA), to provide access to fast and flexible small business funding for BTEA members through its global financial service platform. According to Kabbage, the collaboration will support women and minority-owned business… Read More

April 8, 2019 @ 3:06 pm By Samantha Hurst  |  

Global financial service platform Kabbage announced on Monday it has closed a $700 million securitization. The company claimed it was the largest asset-back securitization (ABS) by a small business online lending platform to date. According to Kabbage, the oversubscribed transaction saw strong demand from both new… Read More

January 14, 2019 @ 3:47 pm By Samantha Hurst  |  

Global financial service platform Kabbage announced on Monday it is now powering the Pay Later Financing option for U.S. customers of Alibaba.com. According to Kabbage, Alibaba Group’s (NYSE: BABA) online platform for global B2B trade and the Pay Later option allows millions of U.S. small businesses… Read More