Banking on the intersection of finance and technology
London #fintech successes include Transferwise, founded by an INSEAD MBA and valued at $1 billion; WorldRemit, incubated at London Business School and valued at $500 million; and Nutmeg, founded by Stanford GSB graduate Nick Hungerford, which in June raised $32 million in venture capital.
Curated from MBA Students Set Their Sights On Fast-Growing Fintech Industry | BusinessBecause
Kabbage is is among a growing coterie of technology-powered alternative lenders fueling the wave of entrepreneurship.
Kabbage uses automation and analytics to provide short-term working capital to small and mid-sized businesses, who are often turned away by financial institutions who are either risk-averse or unable to profitably write five-figure loans.
“There is a dearth of technology in small business #funding,” Kabbage co-founder Kathryn Petralia