With Karrot, Kabbage Digs Into Lending Club’s And Prosper’s Consumer Loans Business

5864606684_593f2f9d8f_b Kabbage, the Atlanta-based startup that has raised hundreds of millions of dollars to build and run a money lending platform for small, online businesses, is turning over a new leaf, so to speak: today it is launching a new lending service called Karrot — its first product for consumers, is initially launching in the U.S. only. Karrot has grown (sorry) out of what CEO and co-founder… Read More

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Funding Circle Buys LeapPay To Get A Jump On Loan Approval Times

2903513401_d367bb3836_b Funding Circle, UK-based the peer-to-peer loans platform that recently raised $65 million for a platform that bypasses banks and lets small businesses connect with individuals for funding, is putting some of that funding to use. It has acquired a semi-stealth startup called LeapPay to speed up the turnaround time it offers on loans, and also to keep expanding its business in the U.S. Read More

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PayPal Expands Its Working Capital Service To UK, Switches From Loans To Cash Advances

Screen Shot 2014-07-23 at 01.19.14 As payments platforms look for more ways to grow their margins and usage among businesses, they continue to push into a wider and deeper range of financial services. In one of the latest moves, eBay’s PayPal is expanding its Working Capital service to the UK. This is its first market for PayPal’s lending platform outside of the U.S., where it first launched the service in… Read More

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