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The business loan platform Kabbage is moving into the asia pacific region by powering third parties such as Australia's Kikka Capital.
Kabbage has previously partnered with US banks to provide loan services and earlier this month announced a deal with MasterCard to power its small business lending services through acquired merchant banks.
Last year Kabbage had announced plans for asian expansion during its $50 million Series D Round.
Kabbage has taken root in the U.S. and UK markets as a platform where small businesses can quickly apply for and receive working capital loans — with Kabbage making fast decisions about eligibility through a mix of smart algorithms and online and offline data sources. Now the startup is growing its business on two fronts. It’s kicking off a new white-label offering where third parties will power loan services using Kabbage’s technology. And through its first white-label partner, it is expanding to a third market, Australia, its first in Asia Pacific.
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