Small-business-funding platform Kabbage was founded in 2009 with a mission to use big data to help underwrite small business loans. Today, the Georgia-based company announced it has originated $2 billion in loans during the past five years.

The 75,000 small business customers on Kabbage’s platform hail from all 50 U.S. states. The company links more than 1 million data sources to the company’s underwriting engine which pulls information such as business revenue, vendor payments, and tax and accounting data to assign the proper line of credit in real time. The credit line is dynamic and automatically adjusts to furnish businesses with the right amount of capital they need to grow.

Earlier this month, Kabbage partnered with alt-lenders OnDeck and CAN Capital to launch the Innovative Lending Platform Association and Smart Box. The new initiatives aim to foster transparency in online lending by creating an environment in which all lenders can openly collaborate on small business loan pricing and fee disclosures.

At FinovateSpring 2015, Kabbage launched the Kabbage Card, a payment device that offers businesses immediate access to their loan without the need to transfer funds into a PayPal account.

The company’s CTO Andy Badstubner presented at FinDEVr San Francisco 2015 on how to integrate into the Kabbage platform.

A new partnership between Santander U.K and Atlanta, Georgia-based small business lender, Kabbage, brings same-day funding to SMEs in the United Kingdom.

As explained during a media briefing at the Money 20/20 event in Copenhagen, Denmark, small business owners will use Kabbage’s platform to apply for Santander-financed lines of credit between £500 and £100,000. The process is 100% online, available 24/7, and interest rates range from 8% to 20%. Approval times have varied from as few as 20 minutes to as long as 13 hours.

Pictured (left to right): Michelle Sirpak, director of payment operations for Kabbage, and Jason Dell, head of product, demonstrated the Kabbage Card at FinovateSpring 2015 in San Jose.

Kathryn Petralia, COO and co-founder of Kabbage, praised Santander U.K.’s “preeminent global brand” as well as the bank’s “deep financial expertise, large customer base, and a shared passion for innovation.” Sigga Sigurdardottir, chief customer and innovation officer at Santander U.K., said the collaboration between the bank and the online lender underscored the value of “secure, data-driven technologies that improve the customer experience,” and added that “we are excited to collaborate with Kabbage on this new working capital solution that allows us to provide an entirely new digital service for our small and medium-sized business customers.”

With a staff of 20,000, Santander U.K. serves more than 14 million customers in its 857 branches and 70 “regional Corporate Business Centres.” The financial services provider is a subsidiary of Grupo Santander, one of the ten biggest banks in the world.

Kabbage in minutes provides fully automated financing to SMEs. The company’s real-time platform leverages business-activity data to underwrite, originate, and monitor the entire loan lifecycle, providing business owners with funding that accurately meets their business needs. Last fall, Kabbage raised $135 million in new funding, and expanded its credit facility to $900 million. Earlier in 2015,  Kabbage announced that it was powering Sage’s small business loan offering, Sage Small Business Loan powered by Kabbage.

Founded in 2009, Kabbage announced availability of its Powered by Kabbage platform for third parties and partners, and demonstrated its mobile line of credit product, Kabbage Card, at FinovateSpring 2015. Rob Frohwein is CEO.

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