Kabbage To Leverage Square Data For SMB Lending

Kabbage will utilize the data when underwriting and delivering funding to small businesses. In a statement, Rob Frohwein, Kabbage’s co-founder and CEO, said that the move strengthens the company’s data platform.

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“Making funding available based on Square transactional data demonstrates the flexibility and power of our data platform,” Frohwein remarked.

The move reflects Square’s expanding role in small business finance, a development which could shape the company’s decision to go public next year. To learn more about Square’s potential 2014 IPO, read our coverage on the topic by clicking here.

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