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Kabbage provided small businesses with debt facilities. In March 2020, Kabbage suspended lending services for active and new customers in favor of offering loans to U.S. businesses through the PPP (Paycheck
Protection Program) introduced as part of the Trump administration's
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office and subsequently raised US$ 30 million in Series C financing. Beginning in
February 2013, the company expanded internationally, entering the
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and funding directly to small businesses and consumers through an automated lending platform. In 2020, the company was acquired by
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207:. Between 2014 and 2017, the company raised a further $ 435M in equity funding, and $ 970M in debt financing.
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In
October 2022, Kabbage d/b/a K Servicing (an entity that was not acquired by American Express) filed for
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363:"Data-Focused Online Merchant Lender Kabbage Raises $ 30M From UPS, SV Angel And Others"
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Kabbage publicly launched and began providing loans in May 2011. In 2012, it opened its
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480:"A congressional report says financial technology companies fueled rampant PPP fraud"
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416:"Kabbage Raises $ 75M In Debt To Fund Online Merchants On Amazon, eBay, And Etsy"
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At its peak, Kabbage was lending over $ 1B each year to small businesses.
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508:"SoftBank-Backed Lender Kabbage Cuts Off Businesses As Cash Needs Mount"
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271:"Report: Atlanta's Kabbage in talks to be bought by American Express"
434:"Loan Platform Kabbage Files for Bankruptcy Amid PPP Investigations"
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397:"Kabbage Brings Data-Focused Online Merchant Lending To The UK"
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452:"Hundreds of PPP Loans Went to Fake Farms in Absurd Places"
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Online financial services companies of the United States
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but these allegations are, as of yet, unsubstantiated.
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Companies that filed for
Chapter 11 bankruptcy in 2022
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that suggested it might have facilitated fraudulent
316:Treece, Kiah; Tarver, Jordan (February 21, 2022).
898:Financial services companies established in 2009
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344:"Kabbage raises USD270m from credit facility"
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213:On October 16, 2020, Kabbage was acquired by
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903:2009 establishments in Georgia (U.S. state)
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296:"Banks won't lend? Use these guys instead"
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813:The Adventures of Seinfeld & Superman
381:"2012 Red Herring North America: Winners"
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918:Internet properties established in 2009
908:American companies established in 2009
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385:Red Herring. Retrieved on 2014-11-20.
294:O'Brien, Sara Ashley (17 July 2014).
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318:"Kabbage Business Loans Review 2022"
183:and its mobile app was rebranded to
653:Warner-Amex Satellite Entertainment
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219:American Express Business Blueprint
185:American Express Business Blueprint
66:American Express Business Blueprint
16:Online financial technology company
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342:Williams, Charles (9 April 2014).
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217:and was subsequently rebranded to
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361:Rao, Leena (18 September 2012).
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849:Virtual Reality (advertisement)
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395:Rao, Leena (12 February 2013).
275:American City Business Journals
175:The company provided unsecured
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1:
923:2020 mergers and acquisitions
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844:Three World Financial Center
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506:Faux, Zeke; Surane, Jenny.
414:Rao, Leena (3 April 2013).
253:economic stimulus package.
234:Paycheck Protection Program
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913:Companies based in Atlanta
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228:following a report by the
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839:Small Business Saturday
648:Railway Express Agency
230:United States Congress
139:; 15 years ago
137:February 12, 2009
824:World Monuments Watch
699:Louis V. Gerstner Jr.
694:James D. Robinson III
226:Chapter 11 bankruptcy
628:Ameriprise Financial
203:and raising further
166:financial technology
751:Charlene Barshefsky
684:Howard L. Clark Sr.
438:Wall Street Journal
236:payouts during the
152:Current status
113:$ 200 million(2017)
21:
643:Merchants Despatch
599:Traveler's cheques
440:. October 4, 2022.
40:Financial services
19:
880:
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819:Salad Oil scandal
766:Vernon Jordan Jr.
488:. 6 December 2022
238:COVID-19 pandemic
168:company based in
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928:American Express
870:
869:
791:Robert D. Walter
781:Edward D. Miller
714:Kenneth Chenault
704:Sanford I. Weill
633:First Data Corp.
572:Payment products
565:American Express
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514:. Archived from
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181:American Express
170:Atlanta, Georgia
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91:Kathryn Petralia
75:American Express
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518:on 4 April 2020
512:Washington Post
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81:Created by
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460:. May 18, 2021
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756:Ursula Burns
709:Harvey Golub
589:Credit cards
584:Charge cards
520:. Retrieved
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87:Rob Frohwein
63:Successor(s)
35:Type of site
20:Kabbage Inc.
829:65 Broadway
771:Jan Leschly
679:J. C. Fargo
669:Henry Wells
95:Marc Gorlin
887:Categories
776:Rick Levin
742:(Chairman)
689:Ralph Reed
662:Executives
594:ExpressPay
492:2022-12-07
464:6 December
457:ProPublica
420:TechCrunch
401:TechCrunch
367:TechCrunch
280:2020-11-03
257:References
155:Redirected
144:2009-02-12
732:directors
729:Corporate
621:companies
609:Plum Card
300:CNN Money
47:Dissolved
872:Category
619:Spun-off
522:21 April
327:June 30,
251:COVID-19
134:Launched
125:.kabbage
854:Kabbage
348:Reuters
244:Product
191:History
162:Kabbage
142: (
104:Revenue
53: (
302:. CNN.
805:Other
177:loans
71:Owner
524:2020
466:2022
329:2022
127:.com
55:2020
51:2020
485:NPR
221:.
172:.
123:www
118:URL
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
