Kabbage, Inc. is a financial technology and data company that has created an automated way to lend money to small businesses and consumers. The company simplified the manual application process to one that is 100% digital and automated. Businesses and consumers can use their own data to submit an application online and receive an immediate decision and access to funds on the spot. Kabbage leverages business data generated such as revenue, accounting data, business transactions, shipping data, social media and other sources to understand a business’s overall health and calculate credit lines throughout the customer lifecycle.
The company currently has more than 130,000 clients, and has lent more than $4 billion to small and medium sized businesses since it launched. The company was founded in 2009 by Kathryn Petralia and Rob Frohwein and is based in Atlanta, GA.
*Based on Preferred Stock Price, Kabbage does not have a stock symbol since it is currently private and is yet to have an IPO.
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