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SoftBank invests $250 million in online lender Kabbage

Staff Writer | August 3, 2017
Kabbage Inc, a U.S. online lender for small businesses, said it had raised $250 million in equity funding from SoftBank Group.
Technology   The largest equity investment
That is the largest equity investment in such lenders outside of China so far, according to data provider CB Insights.

The Atlanta-based startup, which operates in North America and Europe, will use the cash to add lending products and other types of financial services, it said in a statement.

Kabbage plans to launch in Asia within the next 18 months, co-founder and Chief Executive Rob Frohwein said in an interview. "We believe that our system can be deployed rapidly on an international basis."