RESEARCH TRIANGLE PARK, N.C. — ChannelAdvisor, a provider of cloud-based e-commerce solutions that enable retailers to increase global sales, has partnered with Kabbage Inc., an online provider of working capital for small businesses, to offer ChannelAdvisor customers direct access to a new source of funding in time for the 2012 holiday season.
Together, ChannelAdvisor and Kabbage offer online retailers a competitive advantage through the combination of advanced e-commerce software and immediate access to capital, the companies said. Online retailers are able to use Kabbage to apply for and secure funding online within minutes. The funds can be used to stock up on inventory, expand channels, launch new marketing initiatives, hire staff and much more.
“ChannelAdvisor creates strategic partnerships that help retailers ramp up their sales, and our recent partnership with Kabbage provides our customers capital to fund their business needs,” said ChannelAdvisor director business development, Jordan Weinstein. “Both ChannelAdvisor and Kabbage are key resources for any retailer who is looking to increase their marketplace volume. This opportunity is especially beneficial right before the holiday season, giving retailers a means to invest in new initiatives or inventory that will accelerate their sales in the coming months.”