Tagged: kathryn petralia

September 20, 2021 @ 11:27 am By JD Alois  |  

In mid-2020, Kabbage, one of the best-known online lenders for SMEs in the US, was acquired by American Express (NYSE:AXP). At that time, co-founders Rob Frohwein and Kathryn Petralia said this was their first time sitting in the seat of the entrepreneurs selling a company… Read More

August 25, 2021 @ 2:50 pm By Omar Faridi  |  

Small businesses’ average total sales reached 80% of pre-COVID levels, according to a recent Kabbage Survey. COVID-19 vaccination rates among small business owners have outpaced the US national average while issues with recruitment and reopening protocols “persist,” the Kabbage team noted earlier this month. Kabbage,… Read More

August 18, 2020 @ 8:49 am By JD Alois  |  

Kabbage, one of the best known online lenders in the US, has signed an agreement to be acquired by American Express (NYSE:AXP). Rumblings of a potential deal between the two parties have been circulating for some time now. In a public statement, American Express said… Read More

March 18, 2020 @ 9:00 am By JD Alois  |  

Online lender Kabbage has launched a new website “www.helpsmallbusiness.com” designed to support SMEs during the Coronavirus crisis. According to a release distributed by the Fintech, the initiative is a “call to action” that enables anyone to purchase an online gift certificate from participating small businesses… Read More

April 13, 2018 @ 5:27 pm By JD Alois  |  

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

January 30, 2018 @ 8:00 am By Erin Hobey  |  

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

January 21, 2018 @ 8:02 pm By AdaPia d'Errico  |  

As Oprah Winfrey put it during her acceptance speech at the Golden Globes on January 7th, 2018. The reverberations of her words have re-ignited, for anyone who thought it was a just a trend, the importance of #metoo, the industry-agnostic movement. Actually, it is all-encompassing… Read More

December 6, 2017 @ 8:00 am By Erin Hobey  |  

Kabbage, Inc., a global financial services, technology and data platform serving small businesses, has extended over $4 billion to more than 130,000 small businesses, serving the largest customer base than any online small business lender. These landmarks represent an approximate 30-percent increase in total funding… Read More

April 11, 2017 @ 8:30 pm By Erin Hobey  |  

  “Fintech, online lending, AI and privacy are complicated issues, so we’ve created innovative solutions and approaches that D.C. embraces once they understand them. Our message to Washington is: call us! We have someone to translate tech speak and “bureaucratese” for all of Washington’s questions.”… Read More

October 24, 2016 @ 10:45 am By JD Alois  |  

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

August 23, 2016 @ 4:00 pm By Erin Hobey  |  

Before founding Kabbage, Rob Frohwein established, led and advised a number of successful businesses, including LAVA Group, U.S. Micro Corporation and Surgical Biologics. Additionally, he served in business development and legal capacities for ZapMedia and Security First Network Bank. The Villanova law and undergrad alum… Read More

May 5, 2016 @ 11:54 am By Erin Hobey  |  

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

April 5, 2016 @ 11:26 am By Erin Hobey  |  

Santander UK, a subsidiary of Grupo Santander, one of the ten largest banks in the world,  announced its intention to license the Kabbage Platform to power automated SMB lending throughout the United Kingdom. “There is incredible potential to shape the next generation of business lending… Read More