Working Capital for Small Businesses
Kabbage, Inc., headquartered in Atlanta, Georgia, has pioneered the first financial services data and technology platform to provide funding to small businesses in less than 7 minutes. Kabbage leverages data generated through business activity such as selling online, shipping data, and dozens of other data sources to understand business performance and craft financing options for small businesses. Kabbage is venture funded and backed by Mohr Davidow Ventures, Thomvest Ventures, BlueRun Ventures, with additional investors including: David Bonderman, founder of TPG Capital, Warren Stephens, CEO of Stephens Inc., and the UPS Strategic Enterprise Fund.
Facts & Stats
- Kabbage embarked on its unique business model in late 2008 and in April 2010 began making its first advances to marketplace sellers. Since then we have expanded to multiple marketplaces to help serve online sellers.
- Ecommerce sales overall in 2009 were just over $155 billion, representing 6% total retail sales. Forrester projects this number to rise to $250 billion by 2014, representing 8% of all retail sales.
- Kabbage Won the VentureBeat Award for Most Disruptive Cloud Technology Company