Kabbage, a startup that provides working capital to small businesses, announced today it has partnered with Monsoon Commerce, an e-commerce solutions company.
Through this partnership, Monsoon Commerce customers will have access to Kabbage's funding solution, and hundreds of them have already been pre-approved for a total of $20 million in funding.
Monsoon Commerce customers plan to use the funding for:
- Pre-buying inventory to prepare for the holiday season
- Expanding their marketing programs
- Upgrading technology
- Expanding staff and resources
To learn more about Kabbage, watch its FinovateSpring 2012 demo.