Kabbage shared today that over 110,000 small businesses have been approved through their platform totaling $3.5 billion; Kabbage is an...
Small business lender Kabbage has announced a new milestone with total lending originations of over $3 billion; firm has provided loans for over 100,000 small businesses; helping to reach the new high, the firm provided 20,000 loans in March and reports $1 billion in funding serviced in less than a year. Source
Mobile devices have changed consumer expectations. People now expect that you can have access to anything you might need right...
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
Last week we learned that Kabbage was expanding internationally to India; they have set up an office in Bengaluru and...
As the sun sets on 2020 and we look back at this past year nearly everything is viewed through the...
All of the leading online lenders are struggling as the economic crisis continues to get worse; many have cut originations...
The online lending industry has been ready, willing and able to help American small businesses with the Paycheck Protection Program...
Small business lender Kabbage is planning for a new equity fundraising, targeting a few hundred million dollars; sources say the lender is considering potential acquisitions including a buyout of OnDeck; Kabbage has reported a number of recent successes including a partnership with Banco Santander, expansion to Ireland and the industry's largest asset-backed securitization of small business loans. Source
Kathryn Petralia, co-founder and head of operations of Kabbage talks about their SoftBank deal, tech partnerships, culture and more. Source