Kabbage Introduces Kabbage Insights For Small Business Owners
Kabbage Insights screenshot

Kabbage Introduces Kabbage Insights For Small Business Owners

For small business owners, cash flow is critical. That’s largely why online lending platforms catering to small businesses have grown, offering entrepreneurs speedy access to crucial funding. Among these increasingly-popular lenders is Kabbage, with a customer base of more than 220,000. This past week the company introduced a new tool dubbed Kabbage Insights to assist those business owners in keeping on top their finances.

With Kabbage Insights, business owners will be able to connect their financial data to gain real-time updates. Most relevant to Kabbage’s core business is that the tool will track a business’s historical cash flow to offer analysis for the future. The company explains, “The product continually evaluates the transaction activity of a customer over a 90-day period and organizes it in an easy-to-understand dashboard, allowing customers to quickly visualize their net growth without taking the time to calculate it themselves.”

In a blog post revealing the new offering, Kabbage CEO Rob Frohwein stated, “As a small business owner for many years, I spent many sleepless nights trying to figure out whether I’d have the cash to pay my various expenses, including payroll at the end of the month and it’s been a mission of mine to solve this ubiquitous problem for all small business owners ever since.” He continued, “Kabbage is pleased to launch Insights, taking on this burden for small business owners and providing them with cash flow analyses that large enterprises have at their fingertips. We will continue to level the playing field for the small business owner.”

The new Kabbage Insights tool arrives on the heels of another new feature from the FinTech: Kabbage Payments. That offering allows small businesses to accept credit card payments for invoices. To promote Kabbage Payments, the service is currently discounting their transactions fees to a flat 2.25% until June 2020. However, starting in July, that will rise to 2.9% + 25¢. That happens to match the rate charged by similar offerings such as QuickBooks Payments for invoices.

Between Kabbage Payments and Kabbage Insights, it’s clear that the company is looking to expand its brand and do more for small business owners. Should this trend continue, it’s possible we could see Kabbage become its own ecosystem, akin to Intuit’s QuickBooks or Square’s line-up of products. On that note you may have also seen television spots for Kabbage services, further emphasizing their rising status. Therefore it will be interesting to see what else spouts up from Kabbage in the months and years ahead.

Leave a Reply

The "Email" field is empty, you must enter some text to proceed.The text you entered in the "Email" field appears to be invalid, please edit it and try again
Get the Latest News Delivered to Your Inbox

A Guide to Building Credit and Increasing Your Credit Scores

When it comes to credit, there’s some good news. The average credit score in the United States has been steadily rising in recent years, coming in at 715 in 2023. That may be because, today, consumers not only have more ways to access their credit reports and scores than ever before but also because there are an increasing number of options that Americans have for building credit in the first...

2024 SoFi Checking and Savings Review

Ever since I started taking an interest in the FinTech sector, one company whose name I’ve seen pop up over and over again is SoFi. Lately it seems as though that theme has been sent into overdrive as the company has not only become a household name thanks to its stadium naming rights deal but also because of the company’s continued product expansions. The most interesting development in my mind...
Chase Freedom Flex card

Chase Reveals Q2 2024 Freedom 5%(+) Bonus Categories

Chase has announced its bonus category picks for the second quarter of 2024 — including some interesting twists. About the categories: As April approaches, Chase has revealed what categories Freedom and Freedom Flex cardholders can earn bonuses on. From April 1st through June 30th, customers can earn 5% (or more) in three categories: Amazon.com, Hotels, and Restaurants. Similar to how Chase embraced a "New Year, New Me" theme last quarter,...

FedEx Announces Winners of 11th Annual 2023 Small Business Grant Contest

Nearly three months after the entry period ended, FedEx has announced the winners of its 11th annual Small Business Grant Content. This year's event saw more than $300,000 in funds going to a variety of small businesses across the nation. Last month, the company revealed 100 finalists, with that list now being narrowed down to just 10 winners. This year's grand prize winners included KindVR, The Cupcake Collection, Up In...
H-E-B and Central Market  credit cards

Imprint Launches Credit Cards from H-E-B and Central Market 

The FinTech Imprint is partnering with the popular Texas-based grocery chain H-E-B for a pair of new rewards credit cards. This week saw the launch of the H-E-B Visa Signature Credit Card as well as the Central Market Visa Signature Credit Card. With these two (nearly identical) options, customers will be able to earn rewards on groceries and beyond. First, both versions of the card earn up to 5% back on select...