KABBAGE

kabbage-logo

Kabbage is a financial technology and data company pioneering a new, automated way for small businesses to access working capital. The company simplifies the manual application process to one that is 100% online and automated. Businesses can use their business data to submit an application online and receive an answer in minutes instead of waiting weeks and filling out numerous forms like traditional lending methods. Businesses can access ongoing lines of credit up to $250,000. Kabbage leverage... s business data generated such as revenue, accounting data, business transactions, shipping data, social media and other sources to understand a business’s overall health and calculate credit lines throughout the customer lifecycle. The company began serving online merchants in 2011 and extended its automated lending platform to all small businesses – online and brick-and-mortar – in February 2014. In November 2013, Kabbage expanded its business to mobile with an iOS and Android app that enables users to apply or access their funds from their smartphones. Kabbage used to provide a consumer lending product, Karrot, but it is no longer available. Kabbage expanded the application of its platform in March 2015 by licensing the data and technology platform to power lending for other organizations. The company was named one of Forbes magazine’s Most Promising Companies list for the second year in a row. Kabbage further extended its lending reach in May 2015 with the announcement of the new Kabbage Card, which gives businesses the ability to pay for items at the point of sale with a purchasing card tied to their Kabbage account. Kabbage also collaborated with MasterCard in May 2015 to make Kabbage’s data and technology platform available through MasterCard’s network of acquirers. In August 2015, Kabbage was named the 36th fastest-growing private company in America on the Inc. 500 list. In October 2015, Kabbage completed a Series E funding round of $135 million led by Reverence Capital Partners. Holland’s ING, Spain’s Santander (via InnoVentures, Santander's venture capital arm); and Canada’s Scotiabank also participated in the round. Kabbage also announced a strategic partnership with ING to deliver instant capital to small businesses throughout Spain. In June 2016, Kabbage was named to CNBC's annual Disruptor 50 list of the most forward-thinking and ambitious companies that are revolutionizing industries and markets worldwide. Two months later, Kabbage was named to the Inc. 500 list of the country's fastest-growing private companies for the second year in a row In August 2016, Kroll Bond Rating Agency (KBRA) upgraded and affirmed ratings on Class A2-2 Certificates issued by Kabbage Funding 2014-1 Resecurization Trust. The certificates were upgraded from BBB+(sf) to A-(sf) based on structural improvements to the transaction’s concentration requirements and the existence of more historical data relating to Kabbage’s collateral. KBRA also affirmed the ratings on the Class B2A Certificates of BB-(sf), Class B2B Certificates of BB-(sf) and Class B2C Certificates of B+(sf), which were initially rated in November 2015. In 2017, the company raised $250 million from Softbank Group Corp., raising its total equity funding to $500 million, making Kabbage one of the most well-funded companies with a female co-founder at the helm. It also secured the largest asset-backed securitizations of small business loans in the online lending industry of $525 million. In November, it diversified its debt-funding sources further with a $200 million revolving credit facility with Credit Suisse, earning investment-grade ratings of ‘A’ and ‘BBB’ by DBRS. It ranked on the Inc. 500 list as one of the country’s fasting-growing private companies for a third consecutive year, on Deloitte’s Fast 500 list, among CB Insights Fintech 250, in the top 10 of KPMG’s Fiintech 100, and its co-founder, Kathryn Petralia, was named one of Forbes 100 Most Powerful Women in the World.

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KABBAGE

Social Links:

Industry:
Consumer Lending Financial Services FinTech Lending Micro Lending

Founded:
2008-01-01

Address:
Atlanta, Georgia, United States

Country:
United States

Website Url:
http://www.kabbage.com

Total Employee:
501+

Status:
Active

Contact:
888-986-8263

Email Addresses:
[email protected]

Total Funding:
2.45 B USD

Technology used in webpage:
Viewport Meta IPhone / Mobile Compatible LetsEncrypt Apple Mobile Web Clips Icon WordPress Content Delivery Network Domain Not Resolving Wordpress Plugins Mobile Non Scaleable Content Nginx


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finja-logo

Finja

Finja is a financial services platform that offers payments, lending, and collection services to professionals and SMEs.


Current Advisors List

peter-kight_image

Peter Kight Member of the Board of Directors @ Kabbage
Board_member

jonathan-ebinger_image

Jonathan Ebinger Member of the Board of Directors @ Kabbage
Board_member
2011-01-01

don-butler_image

Don Butler Member of the Board of Directors @ Kabbage
Board_member
2012-09-01

steven-murray_image

Steven Murray Member of the Board of Directors @ Kabbage
Board_member

bryan-stolle_image

Bryan Stolle Board Member @ Kabbage
Board_member
2011-08-01

Current Employees Featured

rob-frohwein_image

Rob Frohwein
Rob Frohwein Chief Executive Officer & Co-Founder @ Kabbage
Chief Executive Officer & Co-Founder
2008-10-01

kathryn-petralia_image

Kathryn Petralia
Kathryn Petralia Co-Founder & President @ Kabbage
Co-Founder & President
2008-11-01

spencer-robinson_image

Spencer Robinson
Spencer Robinson Head of Strategy @ Kabbage
Head of Strategy
2015-05-01

jon-hoffmann_image

Jon Hoffmann
Jon Hoffmann EVP of Credit Operations @ Kabbage
EVP of Credit Operations
2013-01-01

sam-taussig_image

Sam Taussig
Sam Taussig Head of Global Policy @ Kabbage
Head of Global Policy
2015-11-01

marc-gorlin_image

Marc Gorlin
Marc Gorlin Co-Founder @ Kabbage
Co-Founder
2009-01-01

sam-taussig_image

Sam Taussig
Sam Taussig Vice President of Product Development & Special Projects @ Kabbage
Vice President of Product Development & Special Projects
2020-01-01

Founder


kathryn-petralia_image

Kathryn Petralia

marc-gorlin_image

Marc Gorlin

rob-frohwein_image

Rob Frohwein

Acquisitions List

Date Company Article Price
2019-09-03 Radius Intelligence Radius Intelligence acquired by Kabbage N/A
2018-04-26 Orchard Platform Orchard Platform acquired by Kabbage N/A

Investors List

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Kabbage Asset Securitization

Kabbage Asset Securitization investment in Debt Financing - Kabbage

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SoftBank

SoftBank investment in Debt Financing - Kabbage

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Santander Bank

Santander Bank investment in Debt Financing - Kabbage

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BlueRun Ventures

BlueRun Ventures investment in Debt Financing - Kabbage

ing-group_image

ING Group

ING Group investment in Debt Financing - Kabbage

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Mohr Davidow Ventures

Mohr Davidow Ventures investment in Debt Financing - Kabbage

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Credit Suisse

Credit Suisse investment in Debt Financing - Kabbage

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SoftBank Vision Fund

SoftBank Vision Fund investment in Series F - Kabbage

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Recruit Strategic Partners

Recruit Strategic Partners investment in Series E - Kabbage

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BlueRun Ventures

BlueRun Ventures investment in Series E - Kabbage

Newest Events participated

lendit-fintech-usa-2018_event_image Participated in LendIt Fintech USA 2018 on 2018-04-09 as sponsor

lendit-usa-2017_event_image Participated in LendIt USA 2017 on 2017-03-06 as sponsor

3rd-annual-sxsw-accelerator-pitch-competition_event_image Participated in 3rd Annual SXSW Accelerator Pitch Competition on 2011-03-14 as exhibitor

Official Site Inspections

http://www.kabbage.com

  • Host name: ec2-52-72-246-47.compute-1.amazonaws.com
  • IP address: 52.72.246.47
  • Location: Ashburn United States
  • Latitude: 39.0481
  • Longitude: -77.4728
  • Metro Code: 511
  • Timezone: America/New_York
  • Postal: 20149

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