August 18, 2011
Looking for capital to expand your business? Don't forget about Kabbage!
Kabbage is a company that specializes in helping online sellers grow their businesses. And the company just announced that it has secured $17 million in Series B funding!!!
"Thousands of online merchants have obtained working capital and grown their businesses since our push into the market in April 2011,” said Rob Frohwein, Kabbage Founder and CEO. “Although small business fuels the majority of growth in the U.S., it is extremely difficult and time consuming for these businesses to apply for and actually receive financing from a traditional bank. Kabbage fills this need by providing money to these businesses in a quick,easy and painless way, helping them to further grow their businesses and boost the economy.”
Kabbage currently supports merchants operating on eBay®, Amazon® and Yahoo!® platforms and over the next six months will add support for merchants operating on or through a variety of other channels including Facebook®, Etsy®, Shopify® and Marketplace at Sears.com™. Kabbage uses automated data sources to analyze the health of an online merchant’s business including transaction history, customer traffic and reviews, and products to deliver working capital within seconds of the merchant’s completed application. With Kabbage’s release of profile building in May, merchants can now proactively add information to their Kabbage account to immediately increase their access to capital.
I've heard great things about this company, so if you're an eBay seller ready to take your business to the next level, you might want to call Kabbage today!