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April 9, 2014 03:01 pm GMT
Kabbage, a platform for online merchants to borrow working capital, is picking up some cabbage of its own: the startup has closed a $270 million credit facility from Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners. Atlanta, Georgia-based Kabbage will use the funds to build out its financing business both in the U.S. and beyond. This is one of the… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/2Cqm48bxn3U/
Kabbage, A Loan Platform For Small Merchants, Gets $270M Credit Facility On Dramatic Growth
Kabbage, a platform for online merchants to borrow working capital, is picking up some cabbage of its own: the startup has closed a $270 million credit facility from Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners. Atlanta, Georgia-based Kabbage will use the funds to build out its financing business both in the U.S. and beyond. This is one of the… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/2Cqm48bxn3U/
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