Kabbage

“And together we grew the company from its very beginning in 2012. It was just about four or five million into the hundreds of millions of dollars at the end of last year.”

“We put out a billion and a half dollars last year,”

“We're set to put up nearly two and a half billion this year.”

“We've done studies that really show that, you know, the capital that we're putting out really produces a lot of jobs, you know, about 20,000 jobs for every billion dollars that's put out.”

“We do. So, yeah, so we will.”

“The deals that we have, for example, with ING, and we're launched with them in Spain, Italy, and France. We're launched with Santander as a, as an example in the UK.”

“We average about a mid thirties APR”

“Which means we will be going into both deposit and payments over the next nine to 12 months.”

“What we do is allow a small business to connect all key data sources that relate to how they run their business. So it can be their banking account. It can be processing. So quick books, chase credit card, shipping, social accounting, web analytics.”

“The way I think about blockchain, and frankly, crypto, if you will, that sits on top of blockchain, is a way to maybe either hedge against some of the permanence issues that, that exist in the capital markets for companies like Cabbage or a way to so either a …”

“No, no, they are strictly a shareholder in the company. It's not a, you know, it's not a relationship where we're sharing data or anything along those lines.”

“You know, I definitely think that's the exit. It's going to be a couple of years at least, probably a couple of years for us.”

“We also license our technology to banks globally and we're launched right now in partnership with Santander, ING, and Scotiabank in Spain, UK, Canada, Mexico”

“We have a 115,000 approaching a 120,000 small businesses in the U S that have taken a loan.”

“We're approaching four billion dollars in capital delivered.”

“We have raised close to five hundred million dollars.”

“We're partnering with a bank, Celtic bank which is a bank out of Utah, and they're actually the ones who originate the loan, which we then acquire the receivables of the, of that loan immediately.”

“First of all, we take the risk of loss on all the loans that we make.”

“I think it's important to have real alignment between those who are calling the risk, which is us, right? We're trying to figure out whether there's, you know, a, you know, whether a customer's credit, whether you're not, and those that actually hold the, you …”

“So this is when we were just starting out and our top line was a whopping total of 12,000 dollars. Nathan Latka: What year was that? Rob Frohwein: Geez, that was, you know, 2011.”

“We have about six hundred and fifty million in a, in sort of a current in sort of a current book.”

“The average line size, which means, you know, a credit line you have is 25,000 dollars. The average loans that customers take are only six or 7000 on average, but they take loans six or seven times a year.”

“We just raised a two hundred fifty million dollar round from SoftBank corporation.”

“Right now we have 375 people.”

“It's a company we invested early on in, in the fund and we've been working with them in developing a working capital loans product for the UK that was just launched a few weeks ago.”