| Founded | 2009 |
|---|---|
| Closed | 2020 |
| Country | USA |
| Sector | Fintech |
| Total raised | 800 |
| Collapse type | Fire Sale |
| Founder | Rob Frohwein |
Kabbage
"SMB lending unicorn sold to AmEx for far below its $1.2B valuation — then the brand was quietly killed"
Distressed acquisition below last-round valuation
Key Events Timeline
Kabbage pioneered data-driven SMB lending — using bank account data, Amazon sales, QuickBooks, and social signals to underwrite small business loans in minutes.
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