Sage to Leverage Kabbage’s Technology and Data Platform to Deliver Funding to Small Business Customers
Atlanta, GA (PRWEB) May 13, 2015 -- Kabbage Inc., the leading online provider of small business loans, is broadening its lending footprint through a partnership with Sage Payment Solutions, a full-service payments provider serving the needs of small and medium-sized businesses. This new collaboration, Sage Small Business Loan powered by Kabbage, represents the first use of a third-party technology platform to deliver a fully branded lending product to small business customers.
Kabbage is the only company in financial services with a fully scalable technology and data platform that can be leveraged by any partner, in any sector, and any geography to power their lending needs. The Sage implementation demonstrates Kabbage’s ability to extend its technology beyond financial services and into the payments vertical for a large global brand.
“We were very deliberate in crafting a platform offering that is easily and rapidly implemented by our partners,” said Jason Dell, head of product for Kabbage. “Sage is our first partner because we believe their large customer base of small and midsized businesses is well suited to quickly benefit from our fully automated lending solution and obtain the capital they need to grow.”
Kabbage partners enjoy the benefits of rapid implementation and rollout, a fast and frictionless user experience, and continuous, automated underwriting to manage customers throughout the lifecycle. Sage Payment Solutions, a division of Sage North America, allows merchants to accept multiple forms of payment, including credit and debit cards, electronic checks, Check21, gift and loyalty cards, and automatic recurring payment, and provides a wide range of secure standalone and integrated payment solutions, such as Sage Small Business Loan powered by Kabbage.
“Sage is focused on providing small businesses with the software, services, and resources they need to grow and thrive,” said Paul Bridgewater, CEO of Sage Payment Solutions. “This partnership with Kabbage allows Sage to provide small businesses with much-needed financing.”
Sage Small Business Loan powered by Kabbage is now live on: https://www.sagesmallbusinessloan.com/.
About The Sage Group, plc
Sage energizes the success of businesses and their communities around the world through the use of smart technology and the imagination of our people. We are reimagining the business of doing business and bring energy, experience and technology to inspire our customers to fulfill their dreams. We work with a thriving community of entrepreneurs, business owners, accountants, partners, developers and 3rd party service providers who drive the global economy. From social accounting apps to enterprise-class software, millions of businesses use Sage to transform the way they work. We are a FTSE 100 company with 13,000 employees in 23 countries. For more information, visit http://www.sage.com.
About Kabbage Inc.
Kabbage Inc., headquartered in Atlanta, Ga., has pioneered the first financial services data and technology platform to provide fully automated funding to small business in minutes. Kabbage leverages data generated through business activity such as accounting data, online sales, shipping and dozens of other sources to understand performance and deliver fast, flexible funding in real time. Through its Karrot brand, Kabbage offers simple consumer loans through its automated platform. Kabbage is venture-funded and backed by SoftBank Capital, Thomvest Ventures, Mohr Davidow Ventures, BlueRun Ventures, the UPS Strategic Enterprise Fund, TCW/Craton and additional investors, including Ron Conway’s SV Angel, David Bonderman, founder of TPG Capital, and Warren Stephens, CEO of Stephens Inc. All Kabbage and Karrot U.S.-based loans are made by Celtic Bank, a Utah-Chartered Industrial Bank, member FDIC. For more information, please visit http://www.kabbage.com and follow the company on Facebook and Twitter.
Ann Noder, Kabbage, Inc., http://kabbage.com/, 480-263-1557, [email protected]
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