Posts tagged Kathryn Petralia COO
Kabbage gets $200M from Credit Suisse to expand its AI-based business loans

After picking up $250 million in equity funding from Softbank earlier this year, the small business loans and finance company Kabbage — which uses only algorithms and machine learning (no humans) to determine an applicant’s eligibility — is announcing another big infusion of money. The company is picking up $200 million from Credit Suisse in a revolving credit facility that it will use for loans.

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