Kabbage and ING expanded their strategic partnership into France and Italy to provide small businesses with real-time access to working capital.
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.
Kabbage, an online financial services, technology and data platform, priced $525 million of fixed-rate, asset-backed notes in a private securitization transaction.
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.
Kabbage announced it has closed a $270 million facility. Guggenheim Securities acted as sole structuring and placement agent as well as administrator.