Kabbage, Inc. was founded by Rob Frohwein, Marc Gorlin, and Kathryn Petralia in 2009 in Atlanta. The company was founded as a data and technology firm and made its first loans in 2011.
Kabbage was founded with investments from venture capital firms Thomvest Ventures, Mohr Davidow Ventures, and BlueRun Ventures.
The company generates a “Kabbage Score” for small businesses based on business volume, social media activity, transaction volume, time in business, and credit score. The Kabbage Score allows businesses a permanent line of credit up to $100,000.
Kabbage is #36 in the 2015 Inc. 5000 list of Fastest-Growing Private Companies in the United States with a three-year growth rate of 6,722%, $40.2 million in revenue in 2014, and 500 employees.
In late March 2020, the company furloughed an unknown number of employees due to the coronavirus crisis. It also closed its office in Bangalore, India, but it is unknown if this is a permanent closure or only until the crisis has passed.
KabbageKabbage, Inc. was founded by Rob Frohwein, Marc Gorlin, and Kathryn Petralia in 2009 in Atlanta. The company was founded as a data and technology firm and made its first loans in 2011.
Kabbage was founded with investments from venture capital firms Thomvest Ventures, Mohr Davidow Ventures, and BlueRun Ventures.
The company generates a “Kabbage Score” for small businesses based on business volume, social media activity, transaction volume, time in business, and credit score. The Kabbage Score allows businesses a permanent line of credit up to $100,000.
History
Kabbage is #36 in the 2015 Inc. 5000 list of Fastest-Growing Private Companies in the United States with a three-year growth rate of 6,722%, $40.2 million in revenue in 2014, and 500 employees.
In late March 2020, the company furloughed an unknown number of employees due to the coronavirus crisis. It also closed its office in Bangalore, India, but it is unknown if this is a permanent closure or only until the crisis has passed.