Tagged: kabbage

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

Kabbage Announces New Executive Hires

Online lending platform Kabbage has announced several new hires, including a former Goldman Sachs executive.  Kabbage described the appointments “a decisive next step as the company continues to scale its global lending infrastructure.” The new hires include managers with IPO experience and may be precursor… Read More

Small Business Loan or Merchant Cash Advance? Which is Better?

Every business hits a period where they need more money than they have in cash reserves. For some, it’s at the very beginning of business while they build into their space, purchase equipment and take in stock. Others have an opportunity for expansion they must… Read More

Flexigroup Invests $2 Million in Kikka Capital

Kikka, an Australian online lending platform with a model similar to Kabbage, has received an equity investment from FlexiGroup Limited (ASX:FXL). FlexiGroup has purchased a minority stake for $2 million with an option to increase its ownership in the future. Flexigroup will also provide a… Read More

OnDeck, Kabbage & CAN Capital Charter Members of Innovative Lending Platform Association

Online small business lending platforms OnDeck (NYSE: ONDK), Kabbage and CAN Capital – today announced the formation of the “Innovative Lending Platform Association,” which will focus on advancing small business online lending education, advocacy, and best practices.  Together the three founding companies have provided access to… Read More

ING Lead Investor in $160M in Series B Funding for Consumer Loan Provider WeLab: Aims to Improve Consumer Experience

Fresh from its October 2015 investment in US marketplace lender Kabbage, Dutch bank ING has taken a stake in WeLab, a non-bank provider of consumer loans in China and Hong Kong. ING participated in a Series B $160 million (RMB1 billion) fundraising in the three-year old… Read More

China – US Event to Focus on Future of Marketplace Lending

Industry representatives from the two largest economies in the world, China and the United States, will gather in San Francisco later this month to discuss the future of P2P / marketplace lending.  The conference is organized by Sync US International (Chi Mei International) a bilateral “resource”… Read More

Bizfi Originated Over $127M in Financing During 2015’s Third Quarter

Bizfi, the premier fintech company with a platform that combines aggregation, funding and a participation marketplace for small businesses announced that it originated more than $127 million in business financing in the third quarter of 2015. This represents a double-digit percent increase in originations compared… Read More

Brief: Kabbage Says it is Doing More than $5 Million in Loans Each Day

Kabbage is now extending more than $5 million per day to small businesses, according to a company report. The online lender states it achieved this milestone less than six months after reaching $3 million funded to businesses daily.  Kabbage says it is set to triple… Read More

Crowdnetic Launches Automated Loan Platform “Marketplace Lending Gateway”

Crowdnetic, a provider of technology and market data solutions to the marketplace lending industry, today announced the launch of “Marketplace Lending Gateway” (“Gateway”), a centralized technology platform that connects loan applicants from banks and retailers to alternative funding sources through a real-time matching and allocation… Read More

Orchard Co-Founder & CFO Angela Ceresnie: This is Only the Beginning for Marketplace Lending, This is the Future of Credit

  “The technology Orchard builds connects hundreds of millions of dollars of institutional capital to a rapidly expanding number of originators across multiple asset classes. This ultimately touches borrowers in an efficient and transparent manner, which truly makes what we do “many to many.” Orchard… Read More

Kabbage Now Offers “Loan Card” to Tap Line of Credit

Small business loan provider Kabbage has launched the “Kabbage Loan Card”, created to give businesses the ability to pay for items at the point of sale with a purchasing card tied to their Kabbage line of credit. Kabbage described the new service of bringing their online experience… Read More

Here Comes the Sun: Sunlight (Not Shadow) Banking Heralds the Future

  Sunlight is said to be the best of disinfectants…” Former US Supreme Court Judge Louis Brandeis The old guard is trying to define marketplace lending as part of a murky “shadow banking” industry.  Banking analyst Richard Bove concluded in a recent Rafferty Capital Markets… Read More

Orchard Forms Partnership with Kabbage Channeling Institutional Money to Loans

Orchard, the company that added rocket fuel to peer to peer lending platforms like Lending Club and Prosper, has announced a new partnership with Atlanta based Kabbage a provider of consumers and small business loans. Kabbage just announced earlier this week a licensing agreement with… Read More

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