Online merchant lender Kabbage raises $17 million

Kabbage Inc., an Atlanta-based lender to online merchants, announced that it has raised $17 million from a group of investors.

The funds will be used to "pursue additional marketplaces, distribution relationships, financial products and international expansion," the company said.

Kabbage analyzes the business data of online merchants who apply for loans, including their transaction history, customer traffic and reviews, and products, and it uses the data to determine whether to make them cash advances.

Rob Frohwein, Kabbage's founder and CEO, said, "It is extremely difficult and time-consuming for these businesses to apply for small business loans, not to mention actually getting access to funds from a traditional bank." He said Kabbage, which was founded in 2008, fills the void.

The company currently supports merchants operating on eBay, Amazon and Yahoo, and it plans to support merchants on channels including Facebook, Etsy, Shopify and Marketplace at Sears.com.

Funding was led by Mohr Davidow Ventures, an early stage venture capital firm that has $2 billion under management.

About the Author

David Markiewicz

Qcells to furlough staff, cut temp workers amid supply chain woes

The solar giant said it will furlough about 1,000 workers at two Georgia plants and lay off about 300 workers employed through staffing agencies.

UPS grounds MD-11 fleet after Louisville plane crash

“Out of an abundance of caution and in the interest of safety, we have made the decision to temporarily ground our MD-11 fleet,” UPS said.

Flight affected by FAA cuts? Here’s what to do.

Hartsfield-Jackson Atlanta International, the busiest airport in the world, is on the list of airports affected — and will also likely see cancellations and delays.

The Latest

Credit: SPECIAL

Why your car’s safety tech needs maintenance, too

OPINION

Saying goodbye to the Porsche 718 Cayman — for now

OPINION

2026 Nissan Leaf: Simple to live with and priced right

Featured

Credit: arvin.temkar@ajc.com

Prolonged shutdown could force 20% flight cuts, U.S. officials warn

The Federal Aviation Administration started reducing flights Friday at 40 major airports, which includes Hartsfield-Jackson Atlanta International Airport.

With SNAP benefits in limbo, Atlanta residents step up to help

With SNAP benefits in limbo after a late-Friday Supreme Court decision, many metro Atlanta residents are putting their own money toward supporting those affected.

Study: Rents for low-wage Atlantans rose 9 times faster than for high earners

Rents for suburban workforce housing in the metro Atlanta region increased by almost 20%, while rents for luxury units increased by 2%, a study said.