About
Kabbage was a pioneering AI-powered SMB lender acquired by American Express for ~$850M in 2020 (now AmEx Business Blueprint). Processed 297,000+ PPP loans during COVID—second-largest PPP lender. Tech and team powers AmEx's $1K-$150K credit lines for small businesses. Founded 2009, raised $489M equity from SoftBank and others.
Key Facts
- [1]Founded: Founded in 2009 in Atlanta, United States.
- [2]Funding: Total funding: $489M. Last round: Oct 2020. Stage: Growth.
- [3]Employees: Employee count: 201-500.
- [4]Acquisition: Acquired by American Express.
- [5]Company Type: Acquired company.
- [6]Website: Official website: kabbage.com.
- [7]AI Technology: Core AI/ML technologies: Predictive ML.
- [8]Region: Region: Americas (United States).
Founders
Rob Frohwein
Co-founder & CEO
Kathryn Petralia
Co-founder & COO
Marc Gorlin
Co-founder
AI Technology
Predictive ML
Traditional ML algorithms for classification, regression, and scoring models
Classification
Market Segments
Tech Stack Layers
Details
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Frequently Asked Questions
What is Kabbage (Amex)?
Kabbage was a pioneering AI-powered SMB lender acquired by American Express for ~$850M in 2020 (now AmEx Business Blueprint). Processed 297,000+ PPP loans during COVID—second-largest PPP lender. Tech and team powers AmEx's $1K-$150K credit lines for small businesses. Founded 2009, raised $489M equity from SoftBank and others. Kabbage (Amex) is classified in the Lending & Credit segment at the Applications layer of the financial AI stack.
Who founded Kabbage (Amex)?
Kabbage (Amex) was founded by Rob Frohwein (Co-founder & CEO), Kathryn Petralia (Co-founder & COO), and Marc Gorlin (Co-founder) in 2009 in Atlanta, United States. The company has been operating for 17 years. The company was acquired by American Express.
How much funding has Kabbage (Amex) raised?
Kabbage (Amex) has raised $489M in total funding, placing the company at the Growth stage. The most recent round closed in Oct 2020. Among 81 funded Lending & Credit companies, Kabbage (Amex) ranks #20 by total capital raised. (Source: AIFI Map directory.)
What AI technology does Kabbage (Amex) use?
Kabbage (Amex) primarily leverages Predictive ML technology. Traditional ML algorithms for classification, regression, and scoring models. Within the Lending & Credit segment, 58 companies use this technology.
What market segment does Kabbage (Amex) operate in?
Kabbage (Amex) operates in the Lending & Credit market segment. AI lending and credit companies are reimagining how creditworthiness is assessed, loans are originated, and debt is managed across consumer, small business, and commercial markets.
Where is Kabbage (Amex) headquartered?
Kabbage (Amex) is headquartered in Atlanta, United States. The company operates in the Americas region. The team consists of 201-500 employees. United States is home to 324 financial AI companies tracked by AIFI Map.
Who are Kabbage (Amex)'s competitors?
Companies similar to Kabbage (Amex) in the Lending & Credit space include Unit21 ($92M raised), Upstart ($160M raised), Zest AI ($357M raised), Pagaya ($75M raised), Scienaptic AI ($17M raised). These companies operate in related areas of financial AI: Unit21 focuses on ai-powered fraud and aml platform. Upstart focuses on ai lending platform using alternative data for credit decisions. Zest AI focuses on ai-automated underwriting for credit unions and banks. (Based on AIFI Map classification data.)
What products does Kabbage (Amex) offer?
Kabbage (Amex) builds applications-layer solutions for the financial services industry. The company's core offering: AI small business lending. The platform is powered by Predictive ML technology.
Is Kabbage (Amex) publicly traded?
Kabbage (Amex) is no longer independently traded. The company was acquired by American Express. Prior to the acquisition, Kabbage (Amex) had raised $489M in venture funding.