Kabbage will add payment processing capabilities by the end of the year according to President Kathryn Petralia; it will set...
Mobile devices have changed consumer expectations. People now expect that you can have access to anything you might need right...
deBanked has collected originations figures from many of the top small business financing companies; according to data available, OnDeck led 2017 originations with over $2.1 billion; PayPal Working Capital and Amazon Lending are not included in the list. Source
Kabbage is an online lender in the small business space; today they announced they would not fund “any business that we identify as a seller of firearms or ammunition to individuals under 21 or that sell or manufacture any form of assualt-style weapon.”; according to a written statement signed by the executives, “As parents and leaders of Kabbage we simply cannot imagine the grief of families who too often have been stricken by gun violence like the tragedy in Parkland, Florida. The technology community must work to prevent these horrifying and heartbreaking events from robbing our children of their future.”; Kabbage is also supporting the Parkland survivors’ March 14 walkout and also announced charitable contributions. Source
Last month we learned that small business lender, StreetShares, closed on a $23 million Series B. This got us thinking....
Under the pilot project in partnership with Lending Loop the Ontario government will be providing $3 million in loans to...
The franchise will be in Seattle’s Central Region; Lendio franchises help businesses understand their financing options and apply for loans; Lendio currently has partnerships with more than 75 lenders across SBA loans, startup loans, equipment loans and commercial real estate; Lendio surpassed $300 million through the platform last year. Source
Back in the early days of marketplace lending there was a company called Endurance Lending Network. They were one of...
The CEO of the U.S. Network of Accion gives us the CDFI perspective on small business lending in underserved communities. Source
UK based p2p lender RateSetter has decided to no longer accept unsecured small business lending applications; the company said it will limit commercial lending to property and asset backed loans; “we have a clear framework around which to grow our commercial finance volumes and continue to deliver access to healthy returns to investors,” said Rhydian Lewis, founder and CEO of RateSetter, to AltFi. Source.