Online small business lenders use digital and direct marketing to help find new customers but the best way to grow...
In this week’s PeerIQ Industry Update they cover the worries from a flattening yield curve and credit card debt reaching...
The Innovative Lending Platform Association (ILPA) has released SMART Box for small business lending disclosure and transparency; Lend Academy provides more details and insight from Kathryn Petralia of Kabbage in their article; the SMART Box is intended to provide standardized pricing, cost of capital and verbiage that borrowers can use for credit analysis and comparison. Source
Today, Kabbage announced the launch of their new small business checking account called Kabbage Checking; it is being offered in...
Kabbage now has debt funding capacity of $750 million; the additional facility will allow the company to offer higher lines of credit with longer terms; Deepesh Jain stated, “The new, DBRS-rated facility, provided by Credit Suisse, speaks to Kabbage’s maturity in the financial markets and gives us diverse funding options to serve our small business customers. To earn an investment-grade rating requires a rigorous evaluation of not only our lending models, automated risk analysis, and successful history of reducing bad debt to an industry-low, but also our operational processes – from exceptional customer service to unmatched technology development.” Source
Kabbage has been working on new ways that they can serve small businesses; they recently announced the launch of extremely...
Online small business lender Kabbage as furloughed a significant number of the 500 employees in the U.S.; the company hopes...
Mobile devices have changed consumer expectations. People now expect that you can have access to anything you might need right...
Kabbage's chief technology officer Amala Duggirala has taken a new role with Regions as the bank's chief investment officer; Amala Duggirala has been with Kabbage since November 2016 leading the firm's technology platform efforts; prior to Kabbage she worked as executive vice president of application development at payments technology company ACI Worldwide; her technology experience in lending and payments will help to support and enhance product development and innovation in her new chief investment officer role at Regions. Source
In this week’s PeerIQ Industry Update they cover the drop in unemployment to 3.8 percent and the rise in hourly...