Online SMB lender Kabbage has built an app to allow Uber drivers to apply for PPP loans directly from their phone; Kabbage has made more than 130,000 SBA-approved PPP loans worth more than $3.8 billion through a platform it built just before the program started on April 3; the company used many of the modules it built to make a version for Uber Drivers and they added optical character recognition or OCR to read scanned documents; “I think it’s a huge step up for the customers to be able to go through a repopulated application and for us also to be able to understand the data,” Kabbage CEO Rob Frohwein said to American Banker. “It really does make the process a lot smoother,” he said. American Banker.
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Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.
