Kabbage

Kabbage publicly launched and began providing access to loans in May 2011. Kabbage is venture funded and backed by Reverence Capital Partners, SoftBank Capital, Thomvest Ventures, Mohr Davidow Ventures, and BlueRun Ventures.

Additional investors include: ING, Santander InnoVentures, Lumia Capital, Scotiabank, TCW/Craton David Bonderman, Warren Stephens, the UPS Strategic Enterprise Fund, TriplePoint Ventures, and Jim McKelvey.

Kabbage is the developer of a data and technology platform designed to provide small businesses with automated cash flow solutions.

Kabbage is the developer of a data and technology platform designed to provide small businesses automated cash flow solutions, including business checking accounts, online payments, business insights and its online lending platform which allows small businesses to quickly access ongoing lines of credit up to $250,000.

Business checking – Earn 1.10% APY1 on balances up to $100,000 without monthly maintenance fees. Flexible funding – Apply in minutes for a line of credit between $1,000 and $150,000. Payment processing – Accept payments through professional invoices and custom pay links.

Kabbage provides small businesses with automated cash-flow solutions.Since March of 2020, Kabbage has suspended all of their lending services for active and new customers in favor of offering loans to U.S. businesses through the PPP (Paycheck Protection Program) introduced as part of the Trump administration’s COVID-19 economic stimulus package.

Through their product, Kabbage Funding, customers can access lines of credit up to US$250,000. The company automates funding decisions based on a number of data factors, including business volume, time in business, transaction volume, social media activity and the seller’s credit score.

Financials

Total Funding to date US$2.5B via 16 rounds

Enterprise Value US$1.15B