Square Merchants Find Working Capital in Kabbage
Financing provider Kabbage announced in early December 2013 that it has expanded its data platform to fund businesses that use Square to process payments - making it the first such company to underwrite and deliver funding based on an enterprises Square transaction data.
This expansion of the company’s data platform follows four other major additions rolled out in 2013, including underwriting based on Intuit, Authorize.net, Xero, and Stripe data.
"Making funding available based on Square transactional data demonstrates the flexibility and power of our data platform," said Rob Frohwein, Kabbage Co-Founder and CEO. "Kabbage’s innovative approach to funding leverages the broadest range of business data sources, and demonstrates our commitment to making funding simple and accessible to small businesses everywhere."