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February 15, 2012 06:00 pm GMT
Kabbage, which provides working capital to online merchants, is announcing a big deal today. The Atlanta-based startup is debuting a partnership with shipping giant UPS where for the first time ever, they will allow and facilitate customers offering their shipping and transportation data to Kabbage for use in the capital underwriting process.Kabbage is essentially a way for online merchants and sellers on marketplaces like eBay, Etsy and Amazon to get capital they otherwise wouldn't qualify for at a bank. Kabbage uses technology to analyze online merchants' sales and credit history; customer traffic and reviews; and prices and inventory compared to competitors. And merchants can proactively add information to their Kabbage account to immediately increase their access to capital. Kabbage makes cash advances available to eBay and other online marketplace sellers fairly quickly and is available in the U.S.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/is26OkZblQs/
UPS Partners With And Backs Online Merchant Lender Kabbage; Will Provide Data For Underwriting
Kabbage, which provides working capital to online merchants, is announcing a big deal today. The Atlanta-based startup is debuting a partnership with shipping giant UPS where for the first time ever, they will allow and facilitate customers offering their shipping and transportation data to Kabbage for use in the capital underwriting process.Kabbage is essentially a way for online merchants and sellers on marketplaces like eBay, Etsy and Amazon to get capital they otherwise wouldn't qualify for at a bank. Kabbage uses technology to analyze online merchants' sales and credit history; customer traffic and reviews; and prices and inventory compared to competitors. And merchants can proactively add information to their Kabbage account to immediately increase their access to capital. Kabbage makes cash advances available to eBay and other online marketplace sellers fairly quickly and is available in the U.S.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/is26OkZblQs/
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