Kabbage, the US market leader in Instant Lending technology, used Ginger’s SEPA connector service to get their automated lending platform available for European SMEs in just 3 weeks, skipping all technical and regulatory complexity and significantly reducing their time-to-market.
Integrating with European payment networks; complicated and time-consuming
After successfully establishing the value of their platform in the US, Kabbage was looking to expand their offerings into European territories. They soon ran into the complexities of European payment technology and regulation, which are significantly different from their American counterparts.
In order to join the payment game in Europe, there are a lot of hoops to jump. There are multiple regulatory institutions to abide by and each payment provider uses their own platform and technology, ranging from cutting-edge to 30-year-old legacy systems.
As a result, getting your application ready for SEPA (Single Euro Payments Area) can be quite a challenge. A significant amount of research, legal work, and development is required to get everything set up. It requires a large investment in time and money, weighing heavily on your resources and time-to-market.
Easy SEPA integration with Ginger’s SEPA connector
By using Ginger’s SEPA connector, Kabbage was able to ready their platform for the European market in just 3 weeks, skipping a significant chunk of product development that otherwise would have taken months to complete.
Ginger’s SEPA connector is a battle-tested web service that, as its name implies, allows your application to connect to the Single European Payments Area (SEPA) with unparalleled speed & ease. The single RESTful API interface provides all the controls you need and none you don’t, and extensive reporting capabilities ensure you’re always in-the-know of what has happened.
Hassle-free setup, great support
After initial assessment of the requirements, Ginger joined forces with Kabbage’s tech team to get the SEPA connector up and running for Kabbage’s Platform.
As a Payment as a Service (PaaS) provider, Ginger manages the solution, while it is operated by Kabbage. We continually keep making improvements and adding functionalities. We make sure it keeps running smoothly, so you can use it to offer a great customer experience.
Kabbage uses the SEPA connector to initiate SEPA payments (SDD, SCT) and because of this they are able to offer their lending services to the European market.
“Ginger allowed us to move a lot faster.
We can now focus our attention on delivering great experiences for our customers.”
Ginger empowers Banks and FIs to offer local online payments solutions to their merchants all over the world. Whether you are looking for a complete PSP solution or just parts of the online payment value chain, we can help you grow your offering with our modular platform.
Please get in touch to learn how Ginger can help your payments business grow.