Impressive list and interesting to see the mix of strategic and institutional investors
We’re thrilled to announce that Kabbage has raised a $135 million round of funding led by Reverence Capital Partners and other leading financial institutions, including ING, Santander InnoVentures, and Scotiabank. We’re particularly proud this includes three of the top 50 global banks. With this new funding round, Kabbage is set to scale our lending platform and offer stress-free funding to more small businesses – the backbone of many worldwide economies. Just four years after our launch, we now provide more than $1 billion in funding annually to small businesses, making us one of the fastest growing companies in small business finance. As the first time in recent history that multiple global financial institutions have invested in a U.S.-based financial technology company, the investment confirms the potential for our leading data and technology platform to change the landscape of lending globally.