Victory Park Capital leads lenders giving a $75m credit facility to Kabbage, a start-up online provider of small business financing.
Victory Park Capital, a Chicago firm whose other investments include the Giordano’s pizza chain and Fuller Brush Co, has added $75m in debt financing to help Kabbage grow its customer base.
Thomvest Ventures, an existing equity investor, also participated in the commitment.
Atlanta-based Kabbage, named after a slang term for money, uses cash advances to help online merchants buy inventory, targeting merchants using websites such as eBay and Amazon that struggle to secure debt financial from traditional lenders.
Launched in…
