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Kabbage is an acquired company based in Atlanta (United States), founded in 2009 by Rob Frohwein, Kathryn Petralia and Marc Gorlin. It operates as an Online lending platform for business loans. Kabbage has raised $321M in funding from investors like SoftBank Group, Mohr Davidow Ventures and BlueRun Ventures, with last known valuation of $1B.
Sectors and market segments that Kabbage operate in
Kabbage serves in the B2B space in the FinTech market segments.The primary business model of Kabbage is:Company Details
Kabbage provides an online lending platform for business loans. It offers loans such as invoice financing, working capital loans, lines of credit, and more. It offers business services such as checking accounts, debit cards for online/offline purchases, an app-based platform for loans, and more. The app is available on both IOS & Android devices.
- Website
- kabbage.com
- Social
- Registered Address
- Atlanta, Georgia
Key Metrics
Founded Year
2009
Location
Atlanta, United States
Stage
Acquired
Total Funding
$321M in 15 rounds
Latest Funding Round
Last Known Valuation
$1B as on Oct 14, 2015
Investors
Employee Count
57 as on May 31, 2020
Similar Companies
Exit Details
Acquired by American Express (Aug 17, 2020)
Legal entities associated with Kabbage
Kabbage is associated with 3 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Sep 28, 2012 | - | - | ||
Jul 07, 2015 | $0 (as on Mar 31, 2022) | 57 (as on May 31, 2020) | ||
Dec 31, 1999 | - | 2 (as on Dec 31, 2022) | - |
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Kabbage's acquisition details
Kabbage got acquired by American Express on Aug 17, 2020.
Click here to take a look at Kabbage's acquisition in detail
Kabbage's funding and investors
Filter this listKabbage has raised a total funding of $321M over 15 rounds. Its first funding round was on Aug 27, 2009.
Kabbage has 29 institutional investors including SoftBank Group, Mohr Davidow Ventures and BlueRun Ventures. Jim McKelvey and 2 others are Angel Investors in Kabbage.
Here is the list of recent funding rounds of Kabbage:
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
Jul 02, 2019 | $200M | Conventional Debt | - | - | - |
Apr 08, 2019 | $700M | Conventional Debt | - | - | - |
Nov 16, 2017 | $200M | Conventional Debt | - | - |
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Kabbage's founders and board of directors
Founder? Claim ProfileHere are the details of Kabbage's key team members:
- Rob Frohwein: Founder & CEO of Kabbage and founder of 3 other companies, Lava Group, Karrot and MediaWheel. They are also an angel investor in 2 startups.Contact Info: 2 email addresses
- Kathryn Petralia: Co-Founder of Kabbage and founder of 1 other company. They are also an angel investor in 2 startups.Contact Info: 3 email addresses
- Marc Gorlin: Co-Founder of Kabbage and founder of 2 other companies, PGP Corporation and Roadie. Contact Info: 3 email addresses
View details of Kabbage's Founder profiles and Board Members
Kabbage's employee count trend
Kabbage has 57 employees as of May 20. The total employee count is 28.0% lower than what it was in May 19. Here is Kabbage's employee count trend over the years:Uncover Kabbage's growth story! Sign up today!Access Tracxn on any website
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Kabbage's Investments and acquisitions
Filter this listKabbage has made 2 investments in companies including Arf and Arf. Kabbage has also acquired 2 companies including Radius and Orchard. Here is the list of investments & acquisitions:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Oct 26, 2022 | Investments | 2019 | Istanbul, Turkey | |
Oct 26, 2022 | Investments | 2019 | Istanbul, Turkey | |
Sep 03, 2019 | Acquisition | 1990 | San Francisco, United States |
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Here is the latest report on Kabbage's sector:
News related to Kabbage
Filter this list•
FundThrough Names Deepesh Jain as Chief Financial Officer to Power Continued GrowthPR Newswire•Jul 14, 2023•FundThrough, Kabbage
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Coinbase, Solana back Swiss startup Arf in €13M funding roundSilicon Canals•Oct 26, 2022•Arf, 500 Global, Blockchain Founders Fund, NGC and 9 others
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Web3-based domestic payment banking platform Arf received an investment of 13 million dollarsegirisim•Oct 26, 2022•Arf, Coinbase, Solana, FTX and 7 others
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Kservicing Announces It Will Implement Its Winddown Through Streamlined Chapter 11 ProceedingPR Newswire•Oct 04, 2022•Kabbage
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Former Kabbage exec joins Swivel as SVP of payments risk and complianceFinextra•Jun 08, 2022•Getswivel, Kabbage
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Novo speeds up e-commerce payments; hires former Kabbage CFO Kevin Phillips as EVP of lendingFinextra•May 18, 2022•Novo, Zap Media, Kabbage
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Pie Insurance Continues Leadership Team ExpansionFintech Finance•May 04, 2022•Pie Insurance, Concur, Liberty Mutual Insurance, Beam Dental and 3 others
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Sales veteran Rebecca Weizenecker to lead Wayflyer US growth plansRetail Technology Innovation Hub•Mar 09, 2022•Wayflyer, Kabbage
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Anthos Capital leads USD 23 Million bet on Better Capital-backed FiloEnablers•Mar 04, 2022•Filo, Anthos Capital, Better Capital, GSV Ventures and 2 others
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