Kabbage

About The Fund

Kabbage, Inc. is an innovative financial technology company focused on providing automated lending solutions to small businesses and consumers. They revolutionized lending with a fully online and automated application process. Kabbage leverages a wide array of data sources, including revenue, accounting data, business transactions, shipping data, and social media, to evaluate business health and calculate credit lines. This data-driven approach ensures that credit decisions are made swiftly and lines of credit are continuously adjusted to suit the customer lifecycle. Kabbage commenced its lending services to online merchants in 2011, expanding to all small businesses by 2014. The company has also introduced a mobile app for both iOS and Android users, allowing convenient access to funds on the go. The app was launched in November 2013. In 2014, they further extended their portfolio with Karrot personal loans, noted for its fully automated income verification process and quick access to funds. Kabbage licensed its data and technology platform to third-party organizations in March 2015, marking the beginning of its entry into a broader market. Moreover, the Kabbage Card, introduced in May 2015, enables businesses to make point-of-sale payments with a card linked directly to their Kabbage account. Collaborating with MasterCard has made Kabbage's data and technology platform accessible to a larger network. Kabbage has also formed strategic partnerships with financial institutions such as ING, Santander via InnoVentures, and Scotiabank. Their achievements have led to recognitions such as being named in Forbes magazine's Most Promising Companies and the Inc. 500 list for rapid company growth. The firm has demonstrated its success with a Series E funding round in 2015, raising $135 million. Kabbage's position as a leader in tech-driven financial services for small businesses was further solidified with an upgrade of their Kabbage Funding 2014-1 Resecuritization Trust’s Class A2-2 Certificates by Kroll Bond Rating Agency (KBRA) in August 2016. Their commitment to innovation has placed them on CNBC's annual Disruptor 50 list, recognizing their potential to significantly alter industries and markets around the world.