Kabbage goes mobile

Ecommerce lending company Kabbage is now offering its services through smartphones such as iPhones and Android devices.

Kabbage claims that it takes just one minute to login to your (presumably pre-opened) account, select the amount of cash you want to borrow, and send the funds instantly to your PayPal or bank account. I’d love to know if any Tamebay readers think that’s a true reflection of their service from personal experience.

“Kabbage’s vision is to dramatically expand access to capital for small businesses everywhere” says Rob Frohwein, Kabbage, Co-Founder and CEO. “Enabling access to funds from mobile devices is the next logical step to making it even easier for small businesses to get instant access to capital. Now our customers can scoop up the best inventory deals on the spot and use the power of their Kabbage working capital to build and grow their businesses.”

Kabbage is predominantly a US firm and I don’t think many UK businesses use their services. It will be interesting to see if they establish a greater UK presence in 2014. Have you (will you) done business with Kabbage?