Institutions > Most Innovative Lender
Kabbage is a fully automated online lending platform for small businesses. In under 10 minutes, small businesses take three simple steps to connect their data to apply, qualify and access ongoing lines of credit up to $250,000. Kabbage has more than 2 million persistent and permissioned data connections to 100% of its 185,000+ customers. As a result, Kabbage can reassess and re-underwrite customers daily, adjusting lines of credit, fees and offers based on real-time business performance. Customers never need to reapply to access funding, saving them precious time and providing a radically uncomplicated way to access working capital.
Innovation and disruption are a part of Kabbage's identity, which is reflected in our business model, loan platform and partnerships. Kabbage bases underwriting decisions on unconventional data, from shipping histories to online accounting data, to provide access to lines of credit. Kabbage also continues to be the only online lending company that allows small businesses to apply, qualify and access working capital through a mobile app. Today, more than 17 percent of all small business loans and 15 percent of total dollars accessed via Kabbage are through mobile. Other products, like the Kabbage Card, Kabbage Checkout Financing and Invoice payments, all support Kabbage's mission to streamline cash flow management for customers.
In 2018, Kabbage provided customers access to more than $2 billion. In Q1 2019, it became the largest online lending platform for U.S. small business by providing access to more than $600 million, serving more than 1,800 customers daily and funding more than $10 million per day to small businesses. This growth is in result of producing lending products designed for the customer, creating solutions that fit them and the way they prefer to do business.