Scotiabank, Thomvest Ventures join Kabbage's $135 mln Series E
U.S.-based financial technology company Kabbage Inc has secured US$135 million in a Series E financing. The round was led by Reverence Capital Partners as well as ING, Santander InnoVentures and Scotiabank, one of Canada's top banks. Other new and existing investors in the deal included Thomvest Ventures, the US$250 million venture fund of Canada's Peter Thomson. Kabbage, which operates a financial services data and technology platform to provide fully automated funding to small businesses, said it has expanded its credit facility to over US$900 million. The Atlanta, Georgia-based company has raised US$240 million in funding to date.
15 October 2015•3 mins read
