Kabbage and ING Team up to Deliver Instant Capital to SMEs in Spain

kabbage_logoKabbage Inc., an Atlanta, GA-based technology and data platform providing automated lending, and global bank ING teamed up to deliver instant capital to small businesses throughout Spain.

The two companies, which will jointly provide capital through the platform, plan to expand the program to other countries after Spain.

Led by Rob Frohwein, co-founder and Chief Executive Officer, Kabbage provides a comprehensive lending solution to banks and nonbanks seeking to offer customers a better user experience, while limiting the impact on internal technology resources.
It leverages data generated through business activity such as accounting data, online sales, shipping and other sources to understand performance and deliver flexible funding in real time.
Through its Karrot brand, the company offers consumer loans through its automated platform. Loans are made by Celtic Bank, a Utah-Chartered Industrial Bank, member FDIC.

FinSMEs

22/10/2015


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