Kabbage Closes $4B Small Biz Loans, Names Sharpe COO

Fintech lender Kabbage has extended more than $4 billion to more than 130,000 small businesses since April 2017. Robert Sharpe has joined the company as COO.

Credit Suisse Provides New $200MM Asset-Backed Revolver to Kabbage

Kabbage closed a new $200 million asset-backed revolving credit facility with Credit Suisse. The revolver is supported entirely by fully-automated underwritten assets from Kabbage.

ING, Kabbage Expand Small Business Lending into France & Italy

Kabbage and ING expanded their strategic partnership into France and Italy to provide small businesses with real-time access to working capital.

Reuters: Kabbage Raising Money for Possible Acquisitions

Reuters reported online lender Kabbage is in talks to raise equity funding that could be used for acquisitions. OnDeck was named as a possible target.

Fintech Lender Kabbage Prices $525MM Securitization

Kabbage, an online financial services, technology and data platform, priced $525 million of fixed-rate, asset-backed notes in a private securitization transaction.

Fintech Lender Trade Associations Merge to Form ILPA

The Innovative Lending Platform Association (ILPA) and the Coalition for Responsible Business Finance (CRBF) are merging and will operate as the ILPA – the trade organization representing online lending and service companies serving small businesses.

Guggenheim Securities Agents Kabbage Record $270MM Facility

Kabbage announced it has closed a $270 million facility. Guggenheim Securities acted as sole structuring and placement agent as well as administrator.