TOP 10

MARKET VALUATION

62

“ AI-blockchain-cryto tech ,” is how co-founder and President of Kabbage , Kathryn Petralia , describes the AI-driven small business lender . The Forbes Fintech 50 2019-listed company , formed in 2008 and valued at more than US $ 1bn , uses innovative AI technology to make small business lending both more efficient and more profitable . It is capable of making loan decisions in 10 minutes , rather than the weeks that banks take . According to a survey by the Federal Reserve Banks on small businesses , online lender use has grown exponentially , from 19 % in 2016 to 32 % last year , meaning business looks good for Kabbage . Since it was formed , the fintech has lent as much as $ 8bn and continues to evolve rapidly as it launches new cash flow needs prediction tools .

DECEMBER 2019