Kabbage is innovative. PayPal is disruptive—and disruptive is a good thing.
That’s according to PYMNTS.com, a news source for online payment-industry experts, which named Kabbage and PayPal as two of the top companies in payments during its Innovator Awards, which honor “the most creative and disruptive” in the payments industry.
“Innovation is what is disrupting, reshaping and energizing the industry of payments,” explains Market Platform Dynamics CEO Karen Webster, one of the judges for the awards.
Kabbage, a company that provides capital advances to online sellers, beat out 141 others—including online payment provider Square—for the Most Innovative award. PayPal beat out several companies, including Google, in its category, Most Disruptive. Square and Google came in second in their respective categories, according to PYMNTS.
An estimated 4,000 fans voted on the awards, as did a panel of judges.
Kathryn Petralia, COO and co-founder of Kabbage, was happy to accept the award for her company.
“The team at PYMNTS.com and the judges of the contest represent some of the most experienced thought leaders in the financial services industry, and being selected as the most innovative company is a mantle we wear proudly,” she says. “We look forward to a time when providing capital to small businesses isn’t an innovation, but rather an industry standard that continues to fuel small-business growth, the engine behind our nation’s economic success.”
Braintree, a cloud-based payment gateway service, took the Best Technology award. XYverify got the Most Invisible award for its geo-location fraud prevention service.