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Kabbage secures USD 17 million in funding round

Friday 19 August 2011 08:10 CET | News

Kabbage, a US-based provider of financing services to small and medium-sized merchants, has secured USD 17 million in funding round, online media outlet internetretailer.com reports.

With the new influx of capital, Kabbage will expand its financing services to Facebook, Etsy, Shopify and Sears as well as develop new financial products. Furthermore, Kabbage intends to provide loans to retailers who sell on their own websites.

Kabbage provides financing options for online merchants to enable them to assess risk and help determine loan amounts as well as related fees and interest.


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Keywords: Kabbage, e-commerce, online merchants
Categories: Payments & Commerce
Companies:
Countries: World
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Payments & Commerce






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