Company overview for kabbage

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  1. Kabbage

    Kabbage, Inc. is the leading provider of working capital for small businesses.Kabbage has pioneered the first financial services data and technology platform to provide funding to small businesses in less than 7 minutes. Kabbage leverages data generated through business activity such as seller channels, social media, shipping data, and other sources to understand performance and deliver financing options for small businesses. There is a rapidly growing delta between small-to-medium businesses need for credit and its availability from traditional sources. As a large percentage of small businesses, online retail sales as a percentage of total retail sales have doubled in the past five years. Ecommerce sales overall in 2006 were just over $107 billion, representing 2.7 percent of total retail sales . There are over 100 million Ebay users in the US today, with an estimated 200 million new listings in 2Q, 2008 alone. There are an estimated 5 million power sellers transacting over $48 billion on Ebay and more than 8 million high-volume sellers representing over $70 billion across all marketplaces.

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"kabbage." Definitions.net. STANDS4 LLC, 2014. Web. 2 Sep. 2014. <http://www.definitions.net/definition/kabbage>.

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