About Kabbage
Kabbage is a company based in Atlanta (United States) founded in 2009 was acquired by American Express in August 2020.. Kabbage has raised $321.38 million across 15 funding rounds from investors including American Express, Scotiabank and Guggenheim Partners. The company has 64 employees as of March 31, 2024. Kabbage has completed 2 acquisitions, including Orchard Platform and Radius. Kabbage offers products and services including Credit Cards, Savings Accounts, and Travel Booking.
- Headquarter Atlanta, United States
- Employees 64 as on 31 Mar, 2024
- Stage Unicorn
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Kabbage India Private Limited
- Date of Incorporation 07 Aug, 2015
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$0 (USD)-100as on Mar 31, 2023
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Net Profit
$0 (USD)-100as on Mar 31, 2023
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EBITDA
$0 (USD)0as on Mar 31, 2023
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Total Equity Funding
$321.38 M (USD)
in 15 rounds
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Latest Funding Round
$200 M (USD), Debt – Conventional
Jul 02, 2019
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Investors
American Express
& 20 more
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Employee Count
64
as on Mar 31, 2024
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Investments & Acquisitions
Orchard Platform
& 1 more
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Acquired by
American Express
(Aug 17, 2020)
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Products & Services of Kabbage
Kabbage offers a comprehensive portfolio of products and services, including Credit Cards, Savings Accounts, and Travel Booking. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Tools for payments, rewards, and credit management
High-yield accounts for business and personal savings
Platform for booking trips and managing rewards
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Leadership Team
492 people
Software Development Team
373 people
Senior Team
132 people
Sales and Marketing
128 people
Product Management Team
69 people
Finance and Accounting
46 people
Data Analysis and Operations Team
42 people
Legal and Compliance
37 people
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Funding Insights of Kabbage
Kabbage has successfully raised a total of $321.38M across 15 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $200 million completed in July 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 15
- Last Round Debt – Conventional — $200.0M
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First Round
First Round
(27 Aug 2009)
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2019 | Amount | Debt – Conventional - Kabbage | Valuation |
investors |
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| Apr, 2019 | Amount | Debt – Conventional - Kabbage | Valuation |
investors |
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| Nov, 2017 | Amount | Debt – Conventional - Kabbage | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Kabbage
Kabbage has secured backing from 21 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include American Express, Scotiabank and Guggenheim Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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A private equity fund is managed, targeting multiple sectors.
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Founded Year | Domain | Location | |
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Corporate-backed venture capital firm focused on fintech, Edtech, and multiple sectors
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Founded Year | Domain | Location | |
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Venture capital firm that invests in fintech, digital health, enterprise software, and consumer experiences.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Kabbage
Kabbage has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Orchard Platform and Radius. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
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|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Technology and infrastructure are supplied for marketplace lending platforms.
|
2013 | ||||
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Predictive marketing and sales platform
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1990 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Kabbage
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Kabbage Comparisons
Competitors of Kabbage
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Kabbage
Frequently Asked Questions about Kabbage
When was Kabbage founded?
Kabbage was founded in 2009.
Where is Kabbage located?
Kabbage is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
Is Kabbage a funded company?
Kabbage is a funded company, having raised a total of $321.38M across 15 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $200M, raised on Aug 27, 2009.
How many employees does Kabbage have?
As of Mar 31, 2024, the latest employee count at Kabbage is 64.
What does Kabbage do?
Kabbage was founded in 2009 in Atlanta, United States, within the fintech sector. An online platform is operated to deliver business financing options, including invoice financing, working capital loans, and lines of credit. Additional services encompass checking accounts and debit cards for online and offline transactions. Access is enabled via a mobile app compatible with iOS and Android devices, supporting operational needs for small businesses.
What products or services does Kabbage offer?
Kabbage offers Credit Cards, Savings Accounts, and Travel Booking.
How many acquisitions has Kabbage made?
Kabbage has made 2 acquisitions, including Orchard Platform, and Radius.
Who are Kabbage's investors?
Kabbage has 21 investors. Key investors include American Express, Scotiabank, Guggenheim Partners, SoftBank Group, and United Parcel Service.
What is Kabbage's valuation?
The valuation of Kabbage is $1B as of Oct 2015.
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