Yodlee Interactive is an ecosystem of financial apps that banks can easily integrate and resell to their customers. The goal is to build the worlds’ greatest developer community around financial services.
“There’s no manual work required by the seller: simply connect Kabbage to a Stripe account in seconds, and receive the financing necessary to grow a business,” said Stripe cofounder John Collison. “It’s quite magical.”
The finance industry is under attack from startups. Dealstruck initiated the latest front of this battle today with its crowdfunding alternative to business loans from banks.
On Deck says it opened its round to further investment so it can build more products, and hire technical talent. But the company will also benefit from its association with Thiel, a major player in Silicon Valley, and a notoriously founder-friendly investor.
Femtocells, human organs, and space: funding daily for April 3 is full as 13 companies raised money, financing, or were sold.
Kabbage just announced it has closed a credit facility of $75 million, its largest to date. With these funds, Kabbage aims to provide 100,000 advances by the end of 2013.
Atlanta-based Kabbage is experiencing accelerated growth, and it recently beat out hundreds of applicants to be named the winner of our CloudBeat Innovation Showdown competition.
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Seven companies presented on stage today, but only one won CloudBeat 2012′s Innovation Showdown. That was Kabbage, a small-business funding platform that uses cloud power to connect companies with cash.
Venture Capital throws its money into recycling robots, luxury villas, flash storage, and fibrous greens.
Think $30 million is a lot to pay for produce? Not when it gives money back. Kabbage, which gives loans to online sellers, got $30 million in funding today, led by Thomvest Ventures.
It probably doesn’t hurt to have a company name synonymous with “cash” when appealing to investors. It certainly hasn’t hurt Kabbage, which raised $17 million today.