Kabbage Closes $75 Million Debt Facility
Funds Will Meet Powerful Demand from Small Businesses for Kabbage Advances
ATLANTA – April 3, 2013 – Kabbage, Inc., the leading online provider of small business financing, has closed a $75 million credit facility, its largest financing transaction to date. Victory Park Capital (VPC) led the debt financing, while existing equity investor Thomvest Ventures also contributed a significant amount. The debt facility will fun advances for the company’s rapidly-growing customer base and allow it to expand its reach to new customer segments and markets.