BizSugar.com › Raising Capital › Need a Small Business Loan? Kabbage Recently Raised $135 Million

Kabbage Inc. has received a new round of Series E investment funding from ING, Santander Inno Ventures among other local and overseas investors. The lending platform now has an extra $135 million to lend to small businesses for a total of $900 million.
Series E money comes from both financial and strategic investors. The international flavor of these investors suggests a push toward a global reach.
Kabbage is an online lender specializing in small businesses. It’s designed to give the borrower an answer in six minutes. It considers the business’ banking information as well as its Quickbooks. It will also look for information using five data points from online sources such as Paypal, Amazon, ebay, Facebook, and other online partners.