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March 8, 2017 12:23 pm GMT
Kabbage, a billion-dollar startup that combines machine learning algorithms, data from public profiles on the internet and other factorsto rate and then loan peoplemoney for theirsmall businesses, is today announcing another big step up in its ambitions. The company has securedover $500 million infixed-rate, asset-backed notes, moneythat it will use to expand the amount, payback… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/QOPNVlLI7ls/
Kabbage nabs $500M for small business loans
Kabbage, a billion-dollar startup that combines machine learning algorithms, data from public profiles on the internet and other factorsto rate and then loan peoplemoney for theirsmall businesses, is today announcing another big step up in its ambitions. The company has securedover $500 million infixed-rate, asset-backed notes, moneythat it will use to expand the amount, payback… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/QOPNVlLI7ls/
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