Tagged: kabbage

Kabbage Across America: Providing More than $5B in Funding to SMEs

Kabbage, Inc., a global financial services, tech and data platform serving small businesses, reports its 145,000-plus small business customers accessed over 300,000 loans during non-banking hours, reaching a record total of more than $1 billion in funding. In total, Kabbage has now provided access to… Read More

Kabbage Survey Says: Most Successful SMB Owners Turn Profit within First Four Years of Business

Kabbage, Inc., a global financial services, technology and data platform serving small businesses headquartered in Atlanta, released survey data that uncovers insights from 500 established small businesses and the key moments that triggered their growth. The results offer entrepreneurs applicable lessons from experienced business owners… Read More

Kabbage’s Acquisition of Orchard Officially Closes

Orchard co-founder Matt Burton has emailed industry members stating the previously announced acquisition of his company by SME lender Kabbage has formally closed. The purchase had been rumored for weeks with an official announcement hitting the press at the end of April. Burton stated; “In… Read More

Kabbage Appoints James Chou As CTO Amid Orchard Acquisition

On Tuesday global financial service platform Kabbage announced it has appointed James Chou as its new Chief Technology Officer (CTO). According to Kabbage, Chou has more than 20 years of experience in technology innovations and will oversee the development of the company’s data-drive financial products and small… Read More

Confirmed: Global Online Lender Kabbage Will Aquire Fintech Pioneer Orchard

Kabbage, Inc., a global financial services, technology and data platform serving small businesses, has entered into a definitive agreement to acquire substantially all of the assets of Orchard, a pioneer in developing technology and analytics for online lending and financial services. The acquisition will allow… Read More

Report: Kabbage May Acquire Orchard

Orchard Platform is being sold. This is according to a report in Bloomberg that cites individuals aware of the details regarding the pending transaction. Orchard is currently partnering with Bloomberg on online lending data. Kabbage is a leading online lender that has targeted the SME… Read More

Kabbage CRO Victoria Treyger Shares Insight & Lending Update: 17% of SME Loans Are Mobile

Kabbage, Inc., a global financial services, tech and data platform serving small businesses, analyzed the lending behavior of nearly 150,000 small businesses — sourcing its own customers — noting a steadily increasing growth in mobile lending. The total number of loans accessed through mobile increased… Read More

World Economic Forum Convenes New Consortium Including Citigroup, Zurich Insurance Group & Kabbage to Address Fintech Cybersecurity

The World Economic Forum announced the creation of a new consortium to strengthen cybersecurity for fintech companies and data aggregators. The consortium’s founding members include global bank Citigroup, insurance company Zurich Insurance Group, fintech lender Kabbage, infotech company Hewlett Packard Enterprise (HPE), and financial infrastructure… Read More

Kabbage Announces Partnership With TaxSlayer to Offer Small Businesses Access to Lines of Credit Up to $250,000

TaxSlayer, an online professional tax and fintech company, announced on Tuesday it has formed a strategic partnership with Kabbage, Inc., a global technology and data platform powering small business lending. According to the company, this new collaboration is set to offer qualified small business customers hassle-free… Read More

Attention Larger Businesses: Kabbage Ups Credit Line to $250K

Kabbage, Inc., a global financial services, tech and data platform serving small businesses, now offers lines of credit of up to $250,000. The expanded Kabbage product aims to provide larger businesses with greater purchasing power for longer-term investments. $250,000 is reportedly the largest credit line… Read More

Kabbage Announces New $200 Million Asset-Backed Revolving Credit Facility With Global Financial Institution Credit Suisse

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Kabbage Inc., a global financial services, technology and data platform serving small businesses, announced on Thursday its new $200 million asset-backed revolving credit facility with Credit Suisse, a global financial institution. This news comes less than a month after Kabbage announced it and ING were extending… Read More

Kabbage is Raising $161 Million [u]

Online SME lender Kabbage is raising $161 million, according to a filing with the Securities and Exchange Commission. The Fintech firm filed the Form D last week indicating it had already received $80,573,040 with the same amount remaining to be raised. Kabbage announced in early… Read More

SoftBank Invests $250 Million in Equity in Kabbage: Largest Ever for SME Online Lender

Kabbage is out with some big news. SoftBank has committed $250 million in an equity investment into the online lender. This is a significant statement on the belief that Kabbage is on the right trajectory when it comes to the competitive online lending market. SoftBank… Read More

Is Kabbage Buying Out Rival OnDeck?

Current State of Affairs Small business lender Kabbage announced earlier this month that it would begin selling over $525 million worth of loans to investors, which will in turn increase its lending capacity to over $2.7 billion. In contrast, Kabbage’s competitor OnDeck, has seen its share… Read More

Seen & Heard at LendItUSA 2017: An Industry Built to Last

LendItUSA, the annual event that jumps between New York City and San Francisco everu 12 months, opened up to larger audiences and an industry sector that endured a challenging year. The online lending sector received a two-punch assault in 2016; a battle that left the… Read More

Online Lending Platform Kabbage Announces $525 Million Securitization Transaction For New Facility to Enable Expansion of Large Business Products

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Online lending platform Kabbage announced on Wednesday it priced $525 million of fixed-rate, asset-backed notes in a private securitization transaction for a facility that will enable expansion of large business products. The company stated that the facility is expandable to $1.5 billion and the notes will… Read More

New Consumer Financial Data Rights Group Submits Comments to CFPB: Advocates for Consumer’s Rights to Financial Data

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Consumer Financial Data Rights Group (CFDR), a new organization that was created to defend consumers’ access to their data and fuels innovation in the fintech industry, announced on Tuesday it has submitted a response to the Consumer Financial Protection Bureau’s (CFPB) request for information (RFI) in regards… Read More

Consumer Financial Data Rights Group Formed by Fintech Companies including Kabbage, Affirm & More

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 A group of fintech companies announced on Thursday they have come together to create the Consumer Financial Data Rights (CFDR) group. This organization will notably defend consumers’ access to their data and fuels innovation in the fintech industry. Founders of the CFDR group includes leaders from Affirm, Betterment,… Read More

OnDeck, Kabbage & CAN Capital Launch Loan Comparison Tool Smart Box

OnDeck (NYSE:ONDK), CAN Capital and Kabbage, have joined together to launch a loan comparison tool to help small businesses better compare finance options. As part of their participation in the Innovative Lending Platform Association (ILPA), the three online lenders have created “Straightforward Metrics Around Rate… Read More

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