Shortly after agreeing a $270m debt facility, the UPS-backed business lending company has closed a series D round that has taken its total funding past $100m.

Kabbage, a US-based provider of finance for small businesses, has completed a $50m series D round led by Softbank Capital, the investment subsidiary of Japan-based telecommunications firm Softbank.

Launched in 2011, Kabbage provides working capital to small businesses using a financial services data and technology platform that leverages data through sources such as seller channels, social media and shipping data to assess financing options for companies.

The company has so far lent over $250m to small businesses and closed a…