The two firms are embarking on a joint venture with UPS extending a debt facility to online merchant lender Kabbage as part of the deal.
Goods transportation corporation UPS is extending a debt facility to Kabbage, a US-based company offering working capital in the form of small loans to web startups, as part of an agreement that will enable small business owners to share their shipping history with Kabbage via UPS in order to potentially secure greater capital at lower rates.
The deal follows Kabbage setting up a $12m debt facility with investment firm Western Technology Investment in December.
Kabbage has also raised $25.8m…
