Online cash-in-advance provider Kabbage raises $17M
It probably doesn’t hurt to have a company name synonymous with “cash” when appealing to investors. It certainly hasn’t hurt Kabbage, which raised $17 million today.
Kabbage provides immediate working capital for small merchants using big companies like eBay, Amazon and Yahoo to sell their products. Merchants use Kabbage to get cash-in-advance in a Paypal account after a quick background check. Kabbage then charges a fee equal to six to 16 percent of the capital advance, depending on how long it takes the seller to pay it back. Read more>>>>