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.
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 ING and Kabbage launch a pilot scheme in Spain which will lend up to €100,000 in Small and Medium-sized Enterprise (SME) loans. Kabbage are able to offer automated lending to SME customers via their technology and data platform.