This is a part of our live coverage of FinovateSpring 2013.
took the stage to demo how it uses QuickBooks data to underwrite small business loans:
“Kabbage has partnered with Intuit to provide simple and easy access to funding for QuickBooks customers. Kabbage is the first company on Intuit’s QuickBooks Financing Platform to underwrite customers solely based on QuickBooks data. With Kabbage, customers receive instant approvals; funds can be available within minutes when they use PayPal to receive funding.”
Product Launch: May 2013
HQ: Atlanta, GA
Founded: February 2009
Metrics: $56M in equity funding; $93M in debt funding in two rounds; 95 employees; more than 100,000 accounts
Presenting Marc Gorlin (Chairman) and Rich Preece (Director, QuickBooks – Intuit)