Kabbage Inc., a data and tech platform concerned with automated cash flow solutions for small businesses, this week announced the release of a new payment-processing solution.
The development comes after a successful beta test; now, with Kabbage payments, invoices can be settled in as quickly as 24 hours.
“Since 2011, we’ve helped hundreds of thousands of small businesses access over $8 billion in funding. We know first-hand a primary need is to cover cash-flow gaps while waiting to be paid,” Kabbage CEO Rob Frohwein said.
“Kabbage Payments not only expands our suite of products, but the very definition of our company. We deeply believe in the mission of small businesses and understand what they need to succeed--namely, more time building their businesses and less time worrying about cash flow.”