Kabbage

  • Kabbage partners with Scotiabank to provide small business loans in Canada and Mexico

    Kabbage partners with Scotiabank to provide small business loans in Canada and Mexico

    Small business lending platform Kabbage announced a partnership with Scotiabank today to make it easier for residents of Canada and Mexico to take out small business loans of up to $100,000 in minutes. Kabbage has historically worked directly with business owners. The company offers rapid evaluation and a line of credit. The company has relied on partnerships with banks like Silicon Valley… Read More

  • In defense of online lending Crunch Network

    In defense of online lending

    The marketplace industry will be just fine. It is uncertainty – rather than a fundamental flaw in the business model – that is the root cause of the sector’s present turmoil. There’s uncertainty over the platforms’ internal monitoring processes, over the veracity of loan data, over shifts in loan rates, over shifts in the economy – and indeed over the… Read More

  • Loan Platform Kabbage Raises $135M At A $1B Valuation, Grows Credit Line to $900M

    Loan Platform Kabbage Raises $135M At A $1B Valuation, Grows Credit Line to $900M

    Kabbage — the online platform that loans money to businesses and individuals using a wide set of online data and algorithms to measure credit-worthiness — is growing once more. The startup based out of Atlanta has raised a Series E of $135 million, and expanded its credit facility — the money it has on hand to fulfil loans — to $900 million. Kabbage is not… Read More

  • Choose Your Own Startup Funding Adventure Crunch Network

    Choose Your Own Startup Funding Adventure

    During April, the nation will observe Financial Literacy Month – meaning it’s time to revisit the diverging roads to funding early-stage startups. The rise of non-traditional routes for raising capital, such as Kickstarter, has catalyzed a much-needed renaissance in funding options for entrepreneurs. With the passing of the JOBS Act, entrepreneurs have a bevy of new opportunities… Read More

  • Kabbage’s SMB Loan Platform Moves Into Asia Pacific As A White-Label Service

    Kabbage’s SMB Loan Platform Moves Into Asia Pacific As A White-Label Service

    Kabbage has taken root in the U.S. and UK markets as a platform where small businesses can quickly apply for and receive working capital loans — with Kabbage making fast decisions about eligibility through a mix of smart algorithms and online and offline data sources. Now the startup is growing its business on two fronts. It’s kicking off a new white-label offering where… Read More

  • Waffle House Partners With “Sharing Economy” Delivery Service Roadie

    Waffle House Partners With “Sharing Economy” Delivery Service Roadie

    A recently launched mobile application called Roadie, which connects those who need to ship something quickly with drivers who are already going in that same direction and are willing to haul the cargo for a small fee, has today partnered with Waffle House restaurants. The restaurant chain will be promoting the app across its 1,750 location in 25 states, and will serve as the first of… Read More

  • With Karrot, Kabbage Digs Into Lending Club’s And Prosper’s Consumer Loans Business

    With Karrot, Kabbage Digs Into Lending Club’s And Prosper’s Consumer Loans Business

    Kabbage, the Atlanta-based startup that has raised hundreds of millions of dollars to build and run a money lending platform for small, online businesses, is turning over a new leaf, so to speak: today it is launching a new lending service called Karrot — its first product for consumers, is initially launching in the U.S. only. Karrot has grown (sorry) out of what CEO and co-founder… Read More

  • Kabbage Gets $270M More To Lend To Small Online Merchants

    Kabbage Gets $270M More To Lend To Small Online Merchants

    Kabbage, a platform for online merchants to borrow working capital, is picking up some cabbage of its own: the startup has closed a $270 million credit facility from Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners. Atlanta, Georgia-based Kabbage will use the funds to build out its financing business both in the U.S. and beyond. This is one of… Read More

  • Kabbage Brings Its Small Business Lending Service To Mobile

    Kabbage Brings Its Small Business Lending Service To Mobile

    Kabbage, the Atlanta-based company offering working capital to online merchants and sellers on marketplaces like Etsy, eBay and Amazon who wouldn’t otherwise be able to get a bank loan, is today expanding its business to mobile. The company is officially introducing its new apps for both iOS and Android, which will enable Kabbage users to quickly add funds to their associated bank or… Read More