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Kabbage, Inc. Raises $135 Million Round of Funding

kabbage raises series e

We’re thrilled to announce that Kabbage has raised a $135 million round of funding led by Reverence Capital Partners and other leading financial institutions, including ING, Santander InnoVentures, and Scotiabank. We’re particularly proud this includes three of the top 50 global banks. With this new funding round, Kabbage is set to scale our lending platform and offer stress-free funding to more small businesses – the backbone of many worldwide economies.

Just four years after our launch, we now provide more than $1 billion in funding annually to small businesses, making us one of the fastest growing companies in small business finance. As the first time in recent history that multiple global financial institutions have invested in a U.S.-based financial technology company, the investment confirms the potential for our leading data and technology platform to change the landscape of lending globally.

This has been a year of important milestones: we’ve grown our daily funding to small businesses, reaching $3 million in February, and then $5 million in September. We’ve partnered with industry leaders such as MasterCard, Experian and UPS to expand the reach of the Kabbage data and technology platform and launched the Kabbage Card to give customers greater flexibility. We were also named to Forbes magazine’s 2015 list of America’s Most Promising Companies and ranked 36th fastest-growing company on the Inc. 500 list.

With today’s announcement, we’re excited to scale our lending platform to serve an expanded audience in the SMB community and continue to lead the industry as the company with the only fully automated lending platform.

Read our press release here.

See more media coverage:

tech crunch kabbage   wall street journal kabbage kabbage series e kabbage fast companyventure beat series e kabbage  american banker kabbage  Market Watch Kabbage

 

And the press releases from our new partners:

Santander InnoVentures

Santander InnoVentures

Ing Kabbage

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Kabbage Team

Kabbage is here not only to provide access to the small business funding you need, but to also help you grow your business through free marketing tips, webinars, tools and more. Is there something you'd like us to cover or want to get your small business featured on our blog? Send us a note at content@kabbage.com.