Total Equity Funding
$238.65M in 5 Rounds from 17 Investors
Most Recent Funding
$135M Series E on October 14, 2015
Atlanta, Georgia
Kabbage is a financial technology company. Its fully automated technology and data platform powers lending directly and for its partners.
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Credit, Finance, FinTech

Company Details


Kabbage, Inc. is a financial technology and data company that pioneered a new, automated way to lend money to small businesses and consumers. The company simplified the manual application process to one that is 100% online and automated. Businesses and consumers can use their own data to submit an application online and receive an immediate decision and access to funds on the spot.

Kabbage leverages 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 making its first loans to online merchants in 2011 and extended its lending 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's first expansion of its technology and data platform was to launch Karrot personal loans in 2014. Karrot is the only fully automated personal loan product that can verify 100% of a person’s income. Karrot also provides an immediate answer and access to funds as soon as the next day.

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.

Funding Rounds (11) - $600.36M

DateAmount / RoundValuationLead InvestorInvestors
Oct, 2015$135M / Series E9
May, 2014$50M / Series D7
Apr, 2014$270M / Debt Financing1
Apr, 2013$75M / Debt Financing2
Sep, 2012$30M / Series C7
Dec, 2011$12M / Debt Financing1
Aug, 2011$17M / Series B5
Jan, 2011$6.65M / Series A4
Apr, 2010$2M / Debt Financing0
Mar, 2010$1.41M / Debt Financing0
Jan, 2010$1.3M / Debt Financing0

Current Team (11)


Products (3)

  • The Kabbage Card allows businesses to pay for items at the point of sale with a purchasing card tied to their Kabbage account.
  • Karrot offers quick online personal loans.
  • The only fully configurable and scalable platform available. Enables Kabbage to integrate with any partner to drive their lending.

Competitors (1)

  • Our mission is to help good people get better loans.

Partners (10)

  • Kikka Capital is ALMOST open for businesses!
  • Xero provides beautiful cloud accounting software for accounting professionals and small businesses, with over 600,000 global customers
  • MasterCard provides payment processing products and solutions, and related consulting services.
  • Stripe provides a set of unified APIs and tools that instantly enable businesses to accept and manage online payments.
  • Santander UK plc, together with its subsidiaries, provides personal financial products and services
  • Fleetcor Technologies provides specialized payment products and services to commercial fleets, oil companies, and petroleum marketers.
  • United Parcel Service (UPS) is a package delivery company specializing in transportation and logistics services.
  • Sage Payment Solutions is a company that offers advice to companies for business management.

Offices/Locations (2)

  • Headquarters

    925B Peachtree Street NE

    Suite 1688

    Atlanta, Georgia 30309

    United States

  • San Francisco

    201 California St

    San Francisco, CA 94111


Images (1)


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