This recognition from Forbes is a testament to the incredible growth we are experiencing at Kabbage. We have nearly tripled the number of loans provided to small businesses in the past year...
Atlanta, GA (PRWEB) January 26, 2015
Kabbage, Inc., the leading online provider of small business loans, was named to Forbes’ 2015 list of America’s Most Promising Companies for the second consecutive year. Kabbage was selected for this honor based on its growth trajectory, the quality of its management team, market size, and partnership strength.
“This recognition from Forbes is a testament to the incredible growth we are experiencing at Kabbage. We have nearly tripled the number of loans provided to small businesses in the past year,” said Rob Frohwein, Kabbage Co-Founder and CEO. “The year ahead will bring even more dramatic growth as we expand our platform to reach more small businesses.”
There was a marked increase in the number of companies vying for the fourth annual Most Promising Companies list, which ranks the top 100 high-growth privately held U.S. businesses across a range of industries. After a four-month rigorous review, Forbes selected companies for the list it that it believes are revolutionizing their respective industries, and have the strongest future growth potential.
About Kabbage, Inc.:
Kabbage, Inc., headquartered in Atlanta, Georgia has pioneered the first financial services data and technology platform to provide fully automated funding to small business in minutes. Kabbage leverages data generated through business activity such as accounting data, online sales, shipping, and dozens of other sources to understand performance and deliver fast, flexible funding in real time. Kabbage also offers simple consumer loans through its automated platform under the brand http://www.karrot.com. Kabbage is venture funded and backed by SoftBank Capital, Thomvest Ventures, Mohr Davidow Ventures, BlueRun Ventures, the UPS Strategic Enterprise Fund, TCW/Craton and additional investors including Ron Conway’s SV Angel, David Bonderman, founder of TPG Capital, and Warren Stephens, CEO of Stephens Inc. All Kabbage and Karrot U.S. based loans are made by Celtic Bank, a Utah-Chartered Industrial Bank, member FDIC. For more information, please visit http://www.kabbage.com and follow the company on Facebook and Twitter.