SoftBank invests $250 million in online lender KabbageStaff 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
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." ■