According to a form d filing with the Securities and Exchange Commission small business lender Kabbage is in the middle of a $161mn round; the filing shows they have thus far raised a little over $80mn; this round is in addition to the $250 million investment from a subsidiary of Softbank Group in August. Source.
Kabbage’s latest product offering is available for Kabbage Payments customers; loans are available for as short as 3 days and...
Kabbage developed partnerships with banks that saw its technology power small business lending in seven countries.
According to a report in Bloomberg online small business lender Kabbage is getting set to acquire Orchard. The companies have not yet confirmed and the cost of a potential deal is also not known. Source.
Kabbage shared today that over 110,000 small businesses have been approved through their platform totaling $3.5 billion; Kabbage is an...
Online small business lender Kabbage as furloughed a significant number of the 500 employees in the U.S.; the company hopes...
Kabbage has announced the pricing of its first securitization of the year; the portfolio was valued at $525 million and includes small business loans; it is structured in four classes and has received ratings from Kroll Bond Rating Agency with the majority of the portfolio rated A; the deal is expected to close around March 20. Source
Barron’s reports that online small business lender Kabbage is shopping for buyers and could fetch more than $1bn; the potential...
Kabbage is an online lender in the small business space; today they announced they would not fund “any business that we identify as a seller of firearms or ammunition to individuals under 21 or that sell or manufacture any form of assualt-style weapon.”; according to a written statement signed by the executives, “As parents and leaders of Kabbage we simply cannot imagine the grief of families who too often have been stricken by gun violence like the tragedy in Parkland, Florida. The technology community must work to prevent these horrifying and heartbreaking events from robbing our children of their future.”; Kabbage is also supporting the Parkland survivors’ March 14 walkout and also announced charitable contributions. Source
Kabbage will add payment processing capabilities by the end of the year according to President Kathryn Petralia; it will set...