Alibaba taps Kabbage for Pay Later initiative

Alibaba has partnered with FinTech firm Kabbage to provide US buyers up to $150,000 of financing at the PoS on Alibaba.com as part of a new programme called Pay Later. Further info here.

"We recognised an opportunity to give our customers a convenient financing solution that allows them to improve their cash flow at competitive rates, so they can have the cash they need to grow their businesses," says John Caplan, Head of Alibaba B2B in North America.

"We are delighted to be working with Kabbage to empower our SMB customers to source at greater volumes or improve their cash flow to invest in other areas of their businesses."

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