Kabbage company logo

The profile is currenly unclaimed by the seller. All information is provided by CB Insights.


Founded Year



Acquired | Acquired

Total Raised


About Kabbage

Kabbage is a financial services data and technology platform that provides fully automated funding to small businesses in minutes. Kabbage leverages data generated through business activity such as accounting data, online sales, shipping and dozens of other sources to understand performance and deliver fast, flexible funding in real time. Through its Karrot brand, Kabbage offers simple consumer loans through its automated platform.On August 17th, 2020, Kabbage was acquired by American Express. The terms of the transaction were not disclosed.

Kabbage Headquarter Location

730 Peachtree Street Suite 1100

Atlanta, Georgia, 30308,

United States


Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing Kabbage

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Kabbage is included in 6 Expert Collections, including Fintech 250.


Fintech 250

498 items


Digital Lending

1,504 items

This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.


SMB Fintech

1,499 items


Tech IPO Pipeline

568 items


Conference Exhibitors

5,302 items



7,344 items

US-based companies

Kabbage Patents

Kabbage has filed 14 patents.

The 3 most popular patent topics include:

  • Payment systems
  • Commerce websites
  • Widget toolkits
patents chart

Application Date

Grant Date


Related Topics




Payment systems, Widget toolkits, BBC television news programmes, Payment service providers, Banking technology


Application Date


Grant Date



Related Topics

Payment systems, Widget toolkits, BBC television news programmes, Payment service providers, Banking technology



Latest Kabbage News

PPP SMALL BUSINESS LOANS: How $525 billion in coronavirus-linked loans were spread across lenders, states, and industries

Jun 17, 2022

Email address By clicking ‘Sign up’, you agree to be contacted by Insider Inc. and receive emails from Insider Intelligence and eMarketer (e.g. FYIs, partner content, webinars, and other offers) and accept our Terms of Service and Privacy Policy . You can opt-out at any time. In April 2020, the US government launched the historic Paycheck Protection Program (PPP) for banks to provide financial assistance to small businesses struggling amid the COVID-19 pandemic. A staggering $659 billion was allocated to the PPP across two separate installments, with funds for the $349 billion first round being tapped out in less than two weeks. But uptake slowed during round two as larger businesses returned loans following public outcry, while complex requirements and murky loan forgiveness guidelines deterred small businesses from applying. At the program's close on August 8, 2020, $134 billion was left undrawn. Banks that acted decisively in deploying PPP loans stood to earn new clients and goodwill from regulators, as well as a slice of billions in loan fees. Despite early missteps, they achieved much of what they set out to do, getting $525 billion of much-needed aid to US small businesses. Some banks had hitches in their PPP loan applications, funds weren't going to the areas that needed them the most, and larger loans were favored by several institutions—but most of these issues were mitigated or rectified by the end of the program in August. Now their objective has pivoted to processing loan forgiveness applications, a task that might be even more strenuous than approving loans. The PPP was more successful in getting funds to hard-hit states during the second installment, though it had a mixed track record of reaching the hardest-hit industry sectors. In some industries, significant need for funds was matched with higher supply, such as in healthcare. But some of the most impacted industries, like accommodation and food, didn't get the level of relief they needed. Below are highlights from some of the top PPP approved lenders: JPMorgan Chase ($29.35 billion loaned) Chase came out on top in terms of total approved sums, while also achieving relatively low average loan size. It was the biggest distributor, having approved a total of $29.35 billion as of August 8. Its average loan size of $104,760 is just over the program's overall average of $101,000—this is particularly impressive when compared with its average loan size of $515,304 in the PPP's first tranche. Bank of America (BofA) ($25.56 loaned) BofA had relatively low shares of PPP loan volume compared with their shares of the US small- and medium-sized business (SMB) lending market. The bank approved 4.6% of the total PPP loan volume, as of June 30, while holding a 9.5% share of the SMB lending market—the largest gap among peers. Yet, this is much narrower than the 8.3 percentage point gap it registered during the PPP's first tranche. BMO Harris ($4.84 billion loaned) BMO Harri had the highest average loan size among top lenders. At $219,888, the bank beat out peers KeyBank, and M&T Bank, but did a better job in reducing its average loan size versus the PPP's first installment. Cross River ($6.55 billion loaned) By far the smallest bank among top lenders, New Jersey-based Cross River managed to approve a whopping 66% of its total assets. It approved $6.55 billion in loans with an average loan size of $32,960, making it the bank with the lowest average loan size among top lenders. The community bank has expertise in processing low-value loans, and its impressive performance was supported by its partnerships with fintechs such as Kabbage and QuickBooks. Wells Fargo ($10.60 billion loaned) After Cross River, Wells Fargo had the second lowest average loan size of $54,501, having approved $10.60 billion in loans. Of note, the banking giant had come under fire after the first round of PPP for its low participation in the program, while its earnings filing submitted on May 5 revealed it is facing class actions lawsuits, as well as inquiries from federal and state governmental agencies regarding its PPP loan practices. But it seems that the bank has made significant efforts to alleviate concerns that it potentially prioritized larger loan amounts. Best PPP Lenders In PPP Small Business Loans—the final of three updates—Insider Intelligence looks at how different lenders fared at implementing the PPP. The companies mentioned in the report include: Bank of America, BMO Harris, Citibank, Cross River Bank, JPMorgan Chase, Kabbage, KeyBank, M&T Bank, PayPal, PNC Bank, Truist Bank, U.S. Bank, and Wells Fargo. This report begins by examining the available data on PPP lenders' approval patterns and providing insights into how loans were spread across top lenders, geographies, and industries as of the program's end on August 8. We assess the program's overall effectiveness in distributing aid to US small businesses, and look ahead to potential future initiatives as the pandemic continues. In full, the report: Combines official Small Business Administration data with additional sources, such as company filings and earnings calls, an academic paper, and analyst research, to generate insights into how different lenders fared at implementing the PPP as of its close on August 8. Looks into PPP loan sizes and total fees gained by lenders, and examines total funded loans and average loan amounts for the top PPP lenders. Provides key takeaways from the analysis of approved loan figures by industry and geography. Interested in getting the full report? Here's how you can gain access: Join other Insider Intelligence clients who receive this report, along with thousands of other Banking forecasts, briefings, charts, and research reports to their inboxes. >> Become a Client Purchase both the original May and July update along with this report from our store — for the price of one report. >> Buy All Three Reports Here Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications

  • When was Kabbage founded?

    Kabbage was founded in 2009.

  • Where is Kabbage's headquarters?

    Kabbage's headquarters is located at 730 Peachtree Street, Atlanta.

  • What is Kabbage's latest funding round?

    Kabbage's latest funding round is Acquired.

  • How much did Kabbage raise?

    Kabbage raised a total of $3.349B.

  • Who are the investors of Kabbage?

    Investors of Kabbage include American Express, Credit Suisse, BlueRun Ventures, Thomvest Ventures, Reverence Capital Partners and 19 more.

  • Who are Kabbage's competitors?

    Competitors of Kabbage include Fundbox, AccrueMe, BlueVine, LendUp, Nuula and 11 more.

You May Also Like

Behalf Logo

Behalf is a financing provider that facilitates commerce between business to business vendors and their small and medium business customers. Driven by data and technology, Behalf allows vendor partners to offer business customers instant credit and flexible payment terms at the point of sale.

Kreditech Logo

Kreditech offers loans to individuals based on creditworthiness which is analyzed using online data instead of using traditional credit rating information. The product offerings include consumer loans, a digital wallet and a personal finance manager designed to help customers manage their credit score and plan their spending. Kreditech also offers a Lending as a Service model, allowing partners to integrate Kreditech's credit products via an API into their own platform and services.

Avant Logo

Avant is changing the way online banking customers borrow money. Utilizing advanced algorithms and machine-learning capabilities, the company offers a unique and highly customized approach to the personal loan process. The combination of technology, analytics and customer service capabilities allows the company to offer an easy-to-use online process for loans to borrowers, all entirely online.

Advanceme Logo

Advanceme provides clients with access to capital (and business benefits) to grow their business. It's parent company is the Capital Access Network.

BlueVine Logo

BlueVine provides flexible, working capital to small and medium-sized enterprises, giving them quick access to funds needed to purchase inventory, cover expenses, or expand operations. Specifically, the company has developed an online, cloud-based platform for invoice factoring that enables rapid advances on outstanding invoices.

Rate Pilot

Rate Pilot, formerly My Interest Broker, develops a cloud based universal loan application platform. The company helps businesses access capital and lenders access well qualified leads more efficiently.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.