Kabbage, is an online, Fintech start-up company, which loans money to businesses and individuals using online data and algorithms to measure their credit score. Kabbage was launched in 2009, but did not make its first loans until 2011. Based in the USA, the company has expanded to the UK market. To date, they have funded over 1.6 billion dollars to help businesses grow and thrive.

Kabbage has flourished significantly in recent years as exhibited by global Fintech reviews. Forbes named the company one of the 100 most promising companies in the USA for two years in a row, in 2014 and 2015.

So what is a Fintech company?

Financial technology – Fintech for short – is a term used to describe the developing connection between financial services and technological advances. Fintech include start-up companies, technology companies, and even legacy providers.

Global investment in financial technology has grown considerably in recent years. Fintech now is part of a multibillion dollar industry, predominantly controlled by start-ups offering technological assistance to financial services.

Kabbage – a top Fintech company

According to Fintech reviews, Kabbage has considerably helped the loan process for businesses that need flexible access to capital as soon as possible. This is made easy through its online application, since no application fee is required. Access to cash is granted 24/7 and money can be withdrawn as frequently as once per day. Kabbage is easy to use and does not include any hidden costs; you only withdraw the capital you need as you need it.

Kabbage does more than just calculate your credit score. The online application ensures that you get your loan verdict back within minutes after submitting your application. In order to keep paperwork at a bay, you can link your online business account to Kabbage for review.

Although Kabbage is free to use, your company needs to meet two criteria in order to be eligible for a loan. Firstly, you have to have been in business for at least one year, and more importantly, your profit should be over $50,000 dollars annually in revenue. Once you have qualified, Kabbage can let you access up to $50,000 dollars of credit.