Jun 12, 2014
Sramana Mitra on Strategy
Online Lending Sector Heats Up
According to PayNet Small Business Lending Index, the volume of financing to small businesses in the country grew to 121.6 in December last year from 114.6 in November .
Square Offers Small Biz Cash Advances
News of Square Capital's pilot program leaked earlier this year. While Square spokesperson Faryl Ury declined to share exact figures, she says the company has already extended "tens of millions of dollars" to thousands of Square customers.
Kabbage raises $50M in venture cash, will expand products, reach
Financial services provider Kabbage Inc. has raised $50 million in venture capital and will add 30 jobs as it expands its products and market reach.
Kabbage Grows: The Online Platform For Small Business Loans Raises Another $50M
Kabbage made waves last month when it closed a $270 million credit facility to pass on to small businesses that use its online platform to borrow working capital and extend credit lines.