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Kabbage

·Dec. 6, 2017

Lend Academy Article: Recent Origination Milestones in Online Lending

Lend Academy shares several companies who have announced major origination milestones across small business lending and real estate; included in the list is Kabbage, LendingHome, Funding Circle and LendingClub. Source

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Fintech News Roundup USA

·Nov. 17, 2017

Kabbage Closes $200M Credit Facility with Credit Suisse

Kabbage now has debt funding capacity of $750 million; the additional facility will allow the company to offer higher lines of credit with longer terms; Deepesh Jain stated, “The new, DBRS-rated facility, provided by Credit Suisse, speaks to Kabbage’s maturity in the financial markets and gives us diverse funding options to serve our small business customers. To earn an investment-grade rating requires a rigorous evaluation of not only our lending models, automated risk analysis, and successful history of reducing bad debt to an industry-low, but also our operational processes – from exceptional customer service to unmatched technology development.” Source

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Fintech News Roundup USA

·Oct. 3, 2017

Kathryn Petralia from Kabbage Speaks with deBanked

Kathryn Petralia, co-founder and head of operations of Kabbage talks about their SoftBank deal, tech partnerships, culture and more. Source

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News Roundup Online Lending USA

·Apr. 13, 2017

Kathryn Petralia Provides Insight on Fintech and Kabbage’s Business Growth

Experienced credit market executive Kathryn Petralia talks with Crowdfund Insider about fintech and the business growth of Kabbage; the firm has originated approximately $3 billion in loans to 100,000 US small businesses since 2011; it has developed lending partnerships with global banks Santander and Scotiabank; it has also been active in promoting small business lending through its development of the SMART Box in collaboration with the Innovative Lending Platform Association; other highlights from the interview include insight on fintech predictions and regulations, Kabbage's involvement with the Consumer Financial Data Rights group, initiatives within the Innovative Lending Platform Association and Petralia's career advice. Source

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Peer to Peer Lending

·Apr. 10, 2017

The Keys to Success: From Females in Fintech

This year LendIt hosted their first annual awards ceremony. Among the awards was the recognition of top female leaders in...

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Peer to Peer Lending

·Dec. 6, 2017

Recent Origination Milestones in Online Lending

We are winding down the year and approaching the time when the news cycle starts slowing down and everyone begins...

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Fintech News Roundup USA

·Oct. 4, 2017

Kabbage Looking to Raise $161mn

According to a form d filing with the Securities and Exchange Commission small business lender Kabbage is in the middle of a $161mn round; the filing shows they have thus far raised a little over $80mn; this round is in addition to the $250 million investment from a subsidiary of Softbank Group in August. Source.

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News Roundup Online Lending USA

·Aug. 3, 2017

Kabbage Lands $250mn from SoftBank

Short term small business lender Kabbage raised a $250 million Series F round from Japan's SoftBank, bringing their total equity funding to $500 million; according to TechCrunch, Kabbage CEO Rob Frohwein says the funding will be used to expand their US footprint, launch more analytical tools, expand into the Asian market and add new products; when talking with TechCrunch before the round was public, Rob explained the thought process behind going into new products like payments; Frohwein says: "Look at how PayPal and Square have both gone from being payments companies to small business lenders. There is a clear connection between how companies think about those two business areas, so it's not a giant leap of faith for us to consider this." Source

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Fintech News Roundup USA

·Apr. 12, 2017

Kabbage CTO Takes Job at Regions

Kabbage's chief technology officer Amala Duggirala has taken a new role with Regions as the bank's chief investment officer; Amala Duggirala has been with Kabbage since November 2016 leading the firm's technology platform efforts; prior to Kabbage she worked as executive vice president of application development at payments technology company ACI Worldwide; her technology experience in lending and payments will help to support and enhance product development and innovation in her new chief investment officer role at Regions. Source

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News Roundup Online Lending USA

·Apr. 7, 2017

Follow Up Friday: Pro Forma Analysis of Originations for Kabbage and OnDeck

It has been reported that Kabbage is interested in acquiring OnDeck Capital. S&P Global recently published an analysis of a potential deal. This week Kabbage announced a new originations milestone of $3 billion since inception. We take a closer look at the originations and pro forma estimates of the two companies provided by S&P Global.

OnDeck's annual originations have increased from approximately $15.9 million in 2008 to $2.40 billion in 2016. Estimates from S&P Global show combined loan originations for the two firms of $3.82 billion for 2016. In addition to synergies from similar balance sheet and securitization funding sources, S&P Global also notes the increased value Kabbage could likely bring to OnDeck's line of credit product. Pro forma estimates put line of credit originations at approximately 50% for the combined entities. Kabbage has considerable expertise in small business line of credit lending and it's a product OnDeck launched in 2013 and has recently been focused on. Source

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