In April 2014, Kabbage closed a $270M credit facility from Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners. In 2014, they raised an additional $106M in funding from SoftBank Capital, TCW/Craton, Lumia Capital, the UPS Strategic Enterprise Fund, Thomvest Ventures, BlueRun Ventures and Mohr Davidow Ventures. Also in 2013, it raised $75M in debt financing, led by Victory Park Capital and existing investor Thomvest Ventures. In February 2013, the company expanded internationally, entering the United Kingdom. That same year, Kabbage raised US$30 million in Series C financing, led by Thomvest Ventures. In 2012, it opened its San Francisco office. Additional investors include ING, Santander InnoVentures, Lumia Capital, Scotiabank, TCW/Craton David Bonderman, Warren Stephens, the UPS Strategic Enterprise Fund, TriplePoint Ventures, and Jim McKelvey. It is venture funded and backed by Reverence Capital Partners, SoftBank Capital, Thomvest Ventures, Mohr Davidow Ventures, and BlueRun Ventures. Kabbage publicly launched and began providing loans in May 2011. American Express acquired the company in 2020. The company provides funding directly to small businesses and consumers through an automated lending platform. is an online financial technology company based in Atlanta, Georgia.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |