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Kabbage
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General Info
- Corporate name: Kabbage
- Founded: 12/2009
Short Description:
Kabbage provides financing options for online merchants.
Kabbage provides financing to online sellers, leveraging information generally available from online marketplaces to assess risk and help determine advance amounts and related fees and interest.
Long Description:
Kabbage provides financing options for online merchants.
Kabbage provides financing to online sellers, leveraging information generally available from online marketplaces to assess risk and help determine advance amounts and related fees and interest.
There is a rapidly growing delta between small-to-medium businesses’ need for credit and its availability from traditional sources. For the large and growing segment of online retailers who offer their products via online marketplaces, representing over $48 billion on Ebay alone in 2008, the divide is even greater. This segment is underserved for financial services products because traditional underwriting and lending criteria do not account for a ‘virtual’ commerce business model, or the value of recently sold inventory.
Location
- Continent: –
- Area: –
- State: Georgia
- Country: United States
- City: Atlanta
Industry
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Mobile
- Platform
Fundings
| Round | Date | Amount | Pre Amount | Post Amount |
|---|---|---|---|---|
| Series B | 08/17/2011 | $17,000,000 | – | – |
| Investors: BlueRun Ventures, Mohr Davidow Ventures | Funding: Kabbage Raises $17 M of Series B Funding | |||
Founder
–
Additional Investor
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