Tag: Kabbage
SMB loans platform Kabbage to furlough a ‘significant’ number of staff, close office in Bangalore
Another tech unicorn is feeling the pinch of doing business during the coronavirus pandemic. Today, Kabbage, the Softbank-backed lending startup that uses machine learning to provide speedy and more accurate evaluations of loan applications for small and medium businesses, is furloughing a “significant number” of its US team of 500…
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Plastiq raises $75M to help small businesses use credit cards more
When Eliot Buchanan tried to use his credit card to pay his Harvard tuition bill, the payment was rejected because the university said it doesn’t accept credit. Realizing the same problem exists for thousands of different transactions like board, rent and vendor payments, he launched Plastiq. Plastiq helps people use…
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Here’s how to help restaurants while socially distancing yourself
The restaurant industry might look a lot different once we come out of this pandemic. As social distancing and lockdowns ripple across the nation in an attempt to fight COVID-19, some restaurants won’t be able to handle the lack of income and might tip into bankruptcy. Some might never reopen…
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Here’s why so many fintech startups are loaning to small businesses
Everyone wants to lend to small businesses, as the fintech boom continues to bring constituent players closer together in feature-terms. Thinking broadly, the rising focus on small-business lending amongst B2B fintech and finservices companies feels directionally similar to the rise of consumer-oriented fintech startups adding banking-like features last year. This…
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Jenfi wants to solve small business lending in Southeast Asia
Small business lending is a huge market that has attracted massive attention from VC investors in recent years. Startups like Kabbage have raised more than a billion dollars in venture capital and debt to create lending platforms for businesses, and others in the space like Fundbox for lending and BlueVine…
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US regulators need to catch up with Europe on fintech innovation
Alastair Mitchell Contributor Alastair Mitchell is a partner at multi-stage VC fund EQT Ventures and the fund’s B2B sales, marketing and SaaS expert. Ali also focuses on helping US companies scale into Europe and vice versa. More posts by this contributor Europe shows the way in online privacy Fintech companies…
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