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November 16, 2017 06:04 pm GMT
After picking up $250 million in equity funding from Softbank earlier this year, the small business loans and finance company Kabbage— which uses only algorithms and machine learning (no humans) to determine an applicant’s eligibility — is announcing another big infusion of money. The company is picking up $200 million from Credit Suisse in a revolving credit facility that… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/KUR48dGDhBk/
Kabbage gets $200M from Credit Suisse to expand its AI-based business loans
After picking up $250 million in equity funding from Softbank earlier this year, the small business loans and finance company Kabbage— which uses only algorithms and machine learning (no humans) to determine an applicant’s eligibility — is announcing another big infusion of money. The company is picking up $200 million from Credit Suisse in a revolving credit facility that… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/KUR48dGDhBk/
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