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General Information

Websitekabbage.com
Blogblog.kabbage.com
Twitter@KabbageInc
CategoryOther
Phone404-410-7836
Emailinfo@kabbage.com
Employees70
Founded2/09
DescriptionFinancial Services for Small Businesses

Offices

Headquarters
730 Peachtree Street
Suite 350
Atlanta, GA, 30308
USA

People

Co-founder and COO
Board of Directors
Director of Content Marketing, SEO + Social
creator, co-founder & ceo
Chairman

Funding

Tags

Kabbage

Kabbage, Inc. is the leading online provider of working capital for small businesses.

Kabbage provides financing to sellers, leveraging information generally available from online marketplaces and other off-line sources 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.

The largest contingent of small businesses selling online is represented on Ebay, though there are many other platforms that facilitate transactions between buyers & sellers, including Amazon Marketplace, Etsy, Craigslist, iOffer and uBid. While these platforms provide a low-cost marketing channel, the nature of online and auction sales necessitates a delay between the moment the item is listed and when it is sold. This delay, combined with payment delays that can be imposed by PayPal and other payment types, creates a cash flow and growth constraint for many businesses.

Online retail sales as a percentage of total retail sales have doubled in the past five years. Ecommerce sales overall in 2006 were just over $107 billion, representing 2.7 percent of total retail sales . There are over 100 million Ebay users in the US today, with an estimated 200 million new listings in 2Q, 2008 alone. There are an estimated 5 million power sellers transacting over $48 billion on Ebay and more than 8 million high-volume sellers representing over $70 billion across all marketplaces.

Recent Milestones

  • Dollar
    Kabbage received $75M in Debt funding. (4/3/13)
    Posted 4/6/13 at 3:04am via techcrunch.com
  • Check
    Kabbage added Josh Anish as Director of Content Marketing, SEO + Social . (2/4/13)
    Posted 2/5/13 at 5:16pm
  • Dollar
    Kabbage received $30M in Series C funding. (9/17/12)
    Posted 9/17/12 at 8:42pm via techcrunch.com
  • Check
    Kabbage — In May 2012, Kabbage was named a Red Herring 100 North American Winner, which recognizes the top private companies in the Americas. The award focuses on identifying companies who have developed sustainable, long-term innovations and are positioned to grow (5/1/12)
    Posted 7/13/12 at 10:31am
  • Check
    Kabbage — In May 2012, Kabbage was named a Red Herring 100 North American Winner, which recognizes the top private companies in the Americas. The award focuses on identifying companies who have developed sustainable, long-term innovations and are positioned to grow (5/1/12)
    Posted 7/13/12 at 10:31am
  • Dollar
    Kabbage received $12M in Debt funding. (12/13/11)
    Posted 12/13/11 at 7:18pm via techcrunch.com
  • Dollar
    Kabbage received $17M in Series B funding. (8/17/11)
    Posted 8/17/11 at 5:58pm via techcrunch.com
  • Check
    Kabbage — Kabbage added Bryan Stolle as a director. (8/9/11)
    Posted 9/17/11 at 6:48am
  • Dollar
    Kabbage received $6.65M in Venture Round funding. (1/12/11)
    Posted 1/13/11 at 6:08am via techcrunch.com
  • Check
    Kabbage added Jonathan Ebinger as Board of Directors. (1/1/11)
    Posted 2/2/11 at 10:25am
  • Dollar
    Kabbage received $2M in Debt funding. (4/9/10)
    Posted 4/9/10 at 11:44am via sec.gov
  • Dollar
    Kabbage received $1.41M in Debt funding. (3/8/10)
    Posted 3/8/10 at 12:18pm via sec.gov
  • Dollar
    Kabbage received $1.3M in Debt funding. (1/14/10)
    Posted 12/27/09 at 8:38am via sec.gov
  • Check
    Kabbage added Kathryn Petralia as Co-founder and COO.
    Posted 12/27/09 at 8:38am
  • Check
    Kabbage added Rob Frohwein as creator, co-founder & ceo.
    Posted 12/27/09 at 8:38am
  • Check
    Kabbage added Marc Gorlin as Chairman.
    Posted 12/27/09 at 8:38am

Videos

Screenshots

Sources

  1. User/SEC (sec.gov) [edit]
  2. SEC D (sec.gov) [edit]
  3. SEC D/A (sec.gov) [edit]
  4. Kabbage Raises $6.7M To Give Online Merchants Working Capital To Grow Their Businesses (techcrunch.com) [edit]
  5. Square Co-Founder And Others Put $17M In Online Merchant Lender Kabbage (techcrunch.com) [edit]
  6. Online Merchant Lender Kabbage Raises Another $12 Million (techcrunch.com) [edit]
  7. Data-Focused Online Merchant Lender Kabbage Raises $30M From UPS, SV Angel And Others (techcrunch.com) [edit]
  8. Kabbage Raises $75M In Debt To Fund Online Merchants On Amazon, eBay, And Etsy (techcrunch.com) [edit]
  9. Citation Needed [add]
    Citation Needed [add]
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Last Edited 4/6/13

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