Small business lender Kabbage launched a platform that allows consumers to buy gift certificates to support local small businesses during the coronavirus crisis.
The gift certificates, which range in value from $15 to $500, can be redeemed at any time; small businesses receive the revenue within one business day of purchase.
Specific issues addressed and anticipated impact
Many businesses are closing, and others are seeing reduced demand. The site is a means for the millions of small businesses that employ more than half of all employees in America to continue making sales and to feel your commitment to their long-term success.
Kabbage, Finix, Lendio and Fundera
- Private Sector
Issues being addressed:
- Crowdsourcing solutions
- Social effects of the crisis
15 April 2020