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Kabbage

13 Disclosed Funding Rounds $2,450,363,500

0 Participating Investments


Micro Lending, Lending, Financial Services, Consumer Lending, FinTech

Kabbage is a fintech company that offers cash flow management solutions to small businesses.

Atlanta, Georgia, United States, North America (US)

Organizations in Atlanta in Micro Lending,
Organizations in Atlanta in Lending,
Organizations in Atlanta in Financial Services,
Organizations in Atlanta in Consumer Lending,
Organizations in Atlanta in FinTech,
Organizations in Georgia in Micro Lending,
Organizations in Georgia in Lending,
Organizations in Georgia in Financial Services,
Organizations in Georgia in Consumer Lending,
Organizations in Georgia in FinTech,
Organizations in United States in Micro Lending,
Organizations in United States in Lending,
Organizations in United States in Financial Services,
Organizations in United States in Consumer Lending,
Organizations in United States in FinTech,
Organizations in North America in Micro Lending,
Organizations in North America in Lending,
Organizations in North America in Financial Services,
Organizations in North America in Consumer Lending,
Organizations in North America in FinTech

Investors in Atlanta in Micro Lending,
Investors in Atlanta in Lending,
Investors in Atlanta in Financial Services,
Investors in Atlanta in Consumer Lending,
Investors in Atlanta in FinTech,
Investors in Georgia in Micro Lending,
Investors in Georgia in Lending,
Investors in Georgia in Financial Services,
Investors in Georgia in Consumer Lending,
Investors in Georgia in FinTech,
Investors in United States in Micro Lending,
Investors in United States in Lending,
Investors in United States in Financial Services,
Investors in United States in Consumer Lending,
Investors in United States in FinTech,
Investors in North America in Micro Lending,
Investors in North America in Lending,
Investors in North America in Financial Services,
Investors in North America in Consumer Lending,
Investors in North America in FinTech

Southern US (0 Investors) (0 Startups), Greater Atlanta Area (0 Investors) (0 Startups), East Coast (0 Investors) (0 Startups)

Founded date 01, 2008

Founders Rob Frohwein, Marc Gorlin, Kathryn Petralia

Operating Status Active

Funding Stage M&A

Last Funding Type Debt Financing

Company Type For Profit


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Kabbage is a financial technology and data company pioneering a new, automated way for small businesses to access working capital. The company simplifies the manual application process to one that is 100% online and automated. Businesses can use their business data to submit an application online and receive an answer in minutes instead of waiting weeks and filling out numerous forms like traditional lending methods. Businesses can access ongoing lines of credit up to $250,000. Kabbage leverages business data generated such as revenue, accounting data, business transactions, shipping data, social media and other sources to understand a business’s overall health and calculate credit lines throughout the customer lifecycle. The company began serving online merchants in 2011 and extended its automated lending platform to all small businesses – online and brick-and-mortar – in February 2014. In November 2013, Kabbage expanded its business to mobile with an iOS and Android app that enables users to apply or access their funds from their smartphones. Kabbage used to provide a consumer lending product, Karrot, but it is no longer available. Kabbage expanded the application of its platform in March 2015 by licensing the data and technology platform to power lending for other organizations. The company was named one of Forbes magazine’s Most Promising Companies list for the second year in a row. Kabbage further extended its lending reach in May 2015 with the announcement of the new Kabbage Card, which gives businesses the ability to pay for items at the point of sale with a purchasing card tied to their Kabbage account. Kabbage also collaborated with MasterCard in May 2015 to make Kabbage’s data and technology platform available through MasterCard’s network of acquirers. In August 2015, Kabbage was named the 36th fastest-growing private company in America on the Inc. 500 list. In October 2015, Kabbage completed a Series E funding round of $135 million led by Reverence Capital Partners. Holland’s ING, Spain’s Santander (via InnoVentures, Santander's venture capital arm); and Canada’s Scotiabank also participated in the round. Kabbage also announced a strategic partnership with ING to deliver instant capital to small businesses throughout Spain. In June 2016, Kabbage was named to CNBC's annual Disruptor 50 list of the most forward-thinking and ambitious companies that are revolutionizing industries and markets worldwide. Two months later, Kabbage was named to the Inc. 500 list of the country's fastest-growing private companies for the second year in a row In August 2016, Kroll Bond Rating Agency (KBRA) upgraded and affirmed ratings on Class A2-2 Certificates issued by Kabbage Funding 2014-1 Resecurization Trust. The certificates were upgraded from BBB+(sf) to A-(sf) based on structural improvements to the transaction’s concentration requirements and the existence of more historical data relating to Kabbage’s collateral. KBRA also affirmed the ratings on the Class B2A Certificates of BB-(sf), Class B2B Certificates of BB-(sf) and Class B2C Certificates of B+(sf), which were initially rated in November 2015. In 2017, the company raised $250 million from Softbank Group Corp., raising its total equity funding to $500 million, making Kabbage one of the most well-funded companies with a female co-founder at the helm. It also secured the largest asset-backed securitizations of small business loans in the online lending industry of $525 million. In November, it diversified its debt-funding sources further with a $200 million revolving credit facility with Credit Suisse, earning investment-grade ratings of ‘A’ and ‘BBB’ by DBRS. It ranked on the Inc. 500 list as one of the country’s fasting-growing private companies for a third consecutive year, on Deloitte’s Fast 500 list, among CB Insights Fintech 250, in the top 10 of KPMG’s Fiintech 100, and its co-founder, Kathryn Petralia, was named one of Forbes 100 Most Powerful Women in the World.

Date Round Raised Lead
July, 02, 2019 Debt Financing $200,000,000 -------
April, 08, 2019 Debt Financing $700,000,000 -------
November, 16, 2017 Debt Financing $200,000,000 Credit Suisse
August, 03, 2017 Series F $250,000,000 SoftBank, SoftBank Vision Fund
March, 08, 2017 Debt Financing $500,000,000 -------
September, 04, 2015 Series E $135,000,000 Reverence Capital Partners
May, 05, 2014 Series D $50,000,000 SoftBank Capital
April, 09, 2014 Debt Financing $270,000,000 Guggenheim Securities
April, 03, 2013 Debt Financing $75,000,000 -------
September, 17, 2012 Series C $30,000,000 Thomvest Ventures
December, 13, 2011 Debt Financing $12,000,000 -------
August, 17, 2011 Series B $17,000,000 Mohr Davidow Ventures
January, 12, 2011 Series A $6,650,000 BlueRun Ventures

Kabbage Investors (46)

Investor Lead? Round Participating Raise Date Partners
ING Group No Debt Financing $700,000,000 April, 08, 2019 -------
Mohr Davidow Ventures No Debt Financing $700,000,000 April, 08, 2019 -------
Santander Bank No Debt Financing $700,000,000 April, 08, 2019 -------
Kabbage Asset Securitization No Debt Financing $700,000,000 April, 08, 2019 -------
SoftBank No Debt Financing $700,000,000 April, 08, 2019 -------
BlueRun Ventures No Debt Financing $700,000,000 April, 08, 2019 -------
Credit Suisse Yes Debt Financing $200,000,000 November, 16, 2017 -------
SoftBank Yes Series F $250,000,000 August, 03, 2017 -------
SoftBank Vision Fund Yes Series F $250,000,000 August, 03, 2017 -------
Scotiabank No Series E $135,000,000 September, 04, 2015 -------
UPS Ventures No Series E $135,000,000 September, 04, 2015 -------
Recruit Strategic Partners No Series E $135,000,000 September, 04, 2015 -------
BlueRun Ventures No Series E $135,000,000 September, 04, 2015 -------
Mouro Capital No Series E $135,000,000 September, 04, 2015 -------
Thomvest Ventures No Series E $135,000,000 September, 04, 2015 -------
ING Group No Series E $135,000,000 September, 04, 2015 -------
Yuan Capital No Series E $135,000,000 September, 04, 2015 -------
Reverence Capital Partners Yes Series E $135,000,000 September, 04, 2015 -------
ING Ventures No Series E $135,000,000 September, 04, 2015 -------
SoftBank Capital Yes Series D $50,000,000 May, 05, 2014 -------
BlueRun Ventures No Series D $50,000,000 May, 05, 2014 -------
Thomvest Ventures No Series D $50,000,000 May, 05, 2014 -------
The TCW Group No Series D $50,000,000 May, 05, 2014 -------
Lumia Capital No Series D $50,000,000 May, 05, 2014 -------
UPS Ventures No Series D $50,000,000 May, 05, 2014 -------
Mohr Davidow Ventures No Series D $50,000,000 May, 05, 2014 -------
Guggenheim Securities Yes Debt Financing $270,000,000 April, 09, 2014 -------
Thomvest Ventures No Debt Financing $75,000,000 April, 03, 2013 -------
Warren Stephens No Series C $30,000,000 September, 17, 2012 -------
UPS Ventures No Series C $30,000,000 September, 17, 2012 -------
Thomvest Ventures Yes Series C $30,000,000 September, 17, 2012 -------
SV Angel No Series C $30,000,000 September, 17, 2012 -------
Mohr Davidow Ventures No Series C $30,000,000 September, 17, 2012 -------
David Bonderman No Series C $30,000,000 September, 17, 2012 -------
BlueRun Ventures No Series C $30,000,000 September, 17, 2012 -------
Western Technology Investment No Debt Financing $12,000,000 December, 13, 2011 -------
Warren Stephens No Series B $17,000,000 August, 17, 2011 -------
Jim McKelvey No Series B $17,000,000 August, 17, 2011 -------
UPS Ventures No Series B $17,000,000 August, 17, 2011 -------
Mohr Davidow Ventures Yes Series B $17,000,000 August, 17, 2011 -------
Hard Yaka No Series B $17,000,000 August, 17, 2011 -------
BlueRun Ventures No Series B $17,000,000 August, 17, 2011 -------
Warren Stephens No Series A $6,650,000 January, 12, 2011 -------
UPS Ventures No Series A $6,650,000 January, 12, 2011 -------
David Bonderman No Series A $6,650,000 January, 12, 2011 -------
BlueRun Ventures Yes Series A $6,650,000 January, 12, 2011 -------