Reuters reported that U.S. online lenders such as LendingClub, Kabbage and Avant are scrutinizing loan quality as they prepare for an economic downturn.
Kabbage Names Rosenberg CFO
July 17, 2018
Online lender Kabbage bolstered its financial leadership team with the appointment of Scott Rosenberg as its chief financial officer. The company also added Laurie Simon Hodrick as an independent director on its board.
After Hours Banking Loans Top $1B for Kabbage
July 5, 2018
As small business owners increasingly shun regular bankers’ hours, Kabbage reported 145,000-plus customers accessed more than 300,000 after-hours loans for a total of more than $1 billion in funding.
Kabbage Closes $4B Small Biz Loans, Names Sharpe COO
December 7, 2017
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
November 17, 2017
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
October 26, 2017
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
March 23, 2017
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
March 9, 2017
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
March 7, 2017
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
April 11, 2014
Kabbage announced it has closed a $270 million facility. Guggenheim Securities acted as sole structuring and placement agent as well as administrator.
