Yesterday ING announced a new strategic partnership with online lending platform Kabbage , which further highlights the origination role that new fintech companies can perform for larger institutions. Part of the deal sees Kabbage and ING launch a pilot scheme in US which will lend $135 million in Small and Medium-sized Enterprise (SME) loans. "We are incredibly proud of our partnership with ING, and most importantly, we are thrilled to serve the small and medium businesses powering the economy in Spain." Kabbage are able to offer automated lending to SME customers via their technology and data platform.
Yesterday ING announced a new strategic partnership with online lending platform Kabbage , which further highlights the origination role that new fintech companies can perform for larger institutions. Part of the deal sees Kabbage and ING launch a pilot scheme in US which will lend $135 million in Small and Medium-sized Enterprise (SME) loans. Kabbage are able to offer automated lending to SME customers via their technology and data platform.