Kabbage, Inc. is a technology and data company that pioneered a new automated way to lend money to small businesses and consumers. The company simplified the manual application process that takes weeks to complete to one that is 100% online and automated. Businesses and consumers can use their own data to submit an application online and receive an immediate answer.
In 2009, Kabbage developed the first financial services data and technology platform to provide funding to small businesses and is now the leading online provider of small business loans. Kabbage leverages data generated through business activity such as accounting data, social media, shipping data, and other sources to understand performance and deliver financing options for small businesses. Kabbage first began offering its product to small businesses.
In 2014, Kabbage leveraged this same technology and data platform to launch Karrot personal loans. Karrot is the only fully automated personal loan product that can verify 100% of a person’s income. Karrot also provides an immediate answer and access to funds as soon as the next day.