Kabbage

  • A look at 42 women in tech who crushed it in 2017

    What a challenging, exhilarating year it has been for women everywhere, starting from the women’s March on Washington to former Uber engineer Susan Fowler’s eye-opening and now famous blog post to the #metoo movement that has swept the country, washing dozens of sexual predators out of their powerful roles in the process. All the while, women in tech have been driving their… Read More

  • Kabbage gets $200M from Credit Suisse to expand its AI-based business loans

    Kabbage gets $200M from Credit Suisse to expand its AI-based business loans

    After picking up $250 million in equity funding from Softbank earlier this year, the small business loans and finance company Kabbage — which uses only algorithms and machine learning (no humans) to determine an applicant’s eligibility — is announcing another big infusion of money. The company is picking up $200 million from Credit Suisse in a revolving credit facility that… Read More

  • PayPal to acquire Swift Financial to bolster small business lending

    PayPal to acquire Swift Financial to bolster small business lending

    Global payments processing company PayPal announced this morning that it has agreed to acquire Swift Financial, which provides small business owners with working capital. Terms of the deal were not disclosed, but the acquisition will give PayPal better tools to expand its own Working Capital product. Read More

  • Small business loan platform Kabbage nabs $250M from Softbank

    Small business loan platform Kabbage nabs $250M from Softbank

    Kabbage, a company with some 115,000 customers and $3.5 billion in loans that has built an automated platform for lending money to small businesses and individuals using a large set of data points to determine a customer’s credit score, is announcing some big cabbage of its own today. SoftBank Group is investing $250 million in Kabbage — funding that Rob Frohwein, the co-founder… Read More

  • Kabbage nabs $500M for small business loans

    Kabbage nabs $500M for small business loans

    Kabbage, a billion-dollar startup that combines machine learning algorithms, data from public profiles on the internet and other factors to rate and then loan people money for their small businesses, is today announcing another big step up in its ambitions. The company has secured over $500 million in fixed-rate, asset-backed notes, money that it will use to expand the amount, payback… Read More

  • 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

  • Kabbage Brings Data-Focused Online Merchant Lending To The UK

    Kabbage Brings Data-Focused Online Merchant Lending To The UK

    Kabbage, which provides working capital to online merchants, is expanding to the UK, the company’s first market outside the United States. Read More

  • Former Yahoo CEO And PayPal President Scott Thompson Joins Data-Focused Merchant Lender Kabbage’s Board

    Former Yahoo CEO And PayPal President Scott Thompson Joins Data-Focused Merchant Lender Kabbage’s Board

    Kabbage, which provides working capital to online merchants, is announcing that Scott Thompson, CEO of ShopRunner, former President of PayPal, and former Yahoo CEO is joining its board of directors. Considering Thompson’s experience in the payments and financial services world, this is a big win for Kabbage. Thompson is currently the CEO of ShopRunner, a shopping network that offers… Read More

  • Data-Focused Online Merchant Lender Kabbage Raises $30M From UPS, SV Angel And Others

    Data-Focused Online Merchant Lender Kabbage Raises $30M From UPS, SV Angel And Others

    Kabbage, which provides working capital to online merchants, has raised $30 million in Series C financing led by Thomvest Ventures, the venture capital arm of Peter Thomson, the founder and managing director of Thomvest Ventures and a director of Thomson Reuters. UPS Strategic Enterprise Fund, Mohr Davidow Ventures, BlueRun Ventures, Warren Stephens, and David Bonderman participated in the round. Read More

  • UPS Partners With And Backs Online Merchant Lender Kabbage; Will Provide Data For Underwriting

    UPS Partners With And Backs Online Merchant Lender Kabbage; Will Provide Data For Underwriting

    Kabbage, which provides working capital to online merchants, is announcing a big deal today. The Atlanta-based startup is debuting a partnership with shipping giant UPS where for the first time ever, they will allow and facilitate customers offering their shipping and transportation data to Kabbage for use in the capital underwriting process. Kabbage is essentially a way for online merchants… Read More

  • Online Merchant Lender Kabbage Raises Another $12 Million

    Online Merchant Lender Kabbage Raises Another $12 Million

    Atlanta-based startup Kabbage, which provides working capital to online merchants, has closed $12 million in debt financing from Western Technology Investment. In August, Kabbage raised $17 million from BlueRun Ventures, David Bonderman, founder of TPG Capital; Warren Stephens, CEO of Stephens; the UPS Strategic Enterprise Fund, Jim McKelvey, co-founder of Square; and others. Kabbage, which… Read More

  • Square Co-Founder And Others Put $17M In Online Merchant Lender Kabbage

    Square Co-Founder And Others Put $17M In Online Merchant Lender Kabbage

    Atlanta-based startup Kabbage, which provides working capital to online merchants, has raised $17 million in Series B funding led by Mohr Davidow Ventures with BlueRun Ventures, David Bonderman, founder of TPG Capital; Warren Stephens, CEO of Stephens; the UPS Strategic Enterprise Fund, Jim McKelvey, co-founder of Square; and others participating in the round. This brings Kabbage’s… Read More