Kabbage Partnership Offers Working Capital to Doba Customers
Doba to Provide its Drop Shipping Customers Simple and Quick Access to Cash from Kabbage to Grow their Businesses
ATLANTA, March 22, 2012 -- Kabbage, Inc., the leading provider of working capital for small businesses across the U.S., and Doba, a leading drop shipping provider, today announced a partnership that will offer Doba customers access to working capital to grow their businesses.
Kabbage provides a fast and easy source of working capital for small online businesses to address a variety of financial needs such as, buying more inventory, upgrading equipment, increasing advertising or hiring new employees. Kabbage and Doba customers come largely from the same entrepreneurial universe, including independent online stores and merchants that sell goods on eBay, Amazon, Yahoo!, Etsy and other online marketplaces. The speed of Kabbage's platform provides these businesses with a competitive advantage versus traditional banking options.
"We are committed to providing our customers with both simplified product sourcing and offerings that support their ability to achieve growth, so we are excited to now give them safe, secure and quick access to capital from a strong company like Kabbage," said Brandon Delgrosso, Doba President. "We look forward to a long and mutually beneficial relationship in support of our growing client base."
"Doba understands online merchants and is a proven industry leader committed to providing the same high levels of customer service that we deliver at Kabbage," said Marc Gorlin, Kabbage Co-Founder and Chairman. "It is a privilege to work with Doba to provide so many online merchants with cash to grow their businesses."
About Doba:Doba is an industry leader in helping retail entrepreneurs and small businesses gain access to a consistent supply of wholesale, drop ship products to sell online. Doba simplifies product sourcing by providing access to millions of products, through a network of wholesale suppliers and manufacturers. Products are consolidated into a single catalog with images and descriptions, and then sold products are drop shipped directly to the customers. Doba's service fills the gap between wholesale suppliers and manufacturers on one end and retailers on the other end by providing them with a common platform through which to conduct business. For more information visit the company website, www.doba.com .
About Kabbage, Inc.
Kabbage, Inc., headquartered in Atlanta, Georgia, is pioneering the first financial services data, technology and marketing platform for the millions of small and medium businesses that make a living selling online. Kabbage leverages data generated through merchant activity across various marketplaces and channels to understand business performance and craft financing options that meet their needs. Kabbage is venture funded and backed by Mohr Davidow Ventures and BlueRun Ventures, with additional investors including: David Bonderman, founder of TPG Capital, Warren Stephens, CEO of Stephens Inc., the UPS Strategic Enterprise Fund, and TriplePoint Ventures. For more information, please visit www.kabbage.com .