Investments · Fintech (small business lending)
SoftBank invests $250 million in online small business lender Kabbage
- Investor
- SoftBank Group (Tokyo)
- In
- Kabbage, Atlanta, Georgia
- Value
- $250M
- Status
- Announced on August 2, 2017 (US time); closed in the third quarter of 2017.
- Date
- 2017-08-03
SoftBank Group invested $250 million in Kabbage, an Atlanta company that lends to small businesses online. SoftBank was the sole investor in the round.
Why it matters
The investment added US small business lending to SoftBank's fintech holdings.
Sources
Kakehashi M&A News home
