The online business lending platform, which counts SoftBank, UPS and various banks as investors, is in talks to raise a nine-figure sum to support strategic acquisitions.
Kabbage, the US-based online lender backed by corporates SoftBank, UPS and Recruit, has entered talks to raise a “few hundred million dollars,” Reuters reported yesterday, citing people familiar with the matter.
Founded in 2009, Kabbage runs an online platform where businesses can access credit lines of up to $100,000 by answering a series of questions on sales and operations.
The company is in talks with undisclosed investment firms for the funding, which would be used to support strategic acquisitions that…
