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APR 04, 2013 - Washington Business Journal

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Kabbage rings up $75M credit line as PayPal competition looms

Financial services provider Kabbage, Inc. has closed a $75 million credit facility, its largest financing transaction to date. Kabbage serves the burgeoning market of online merchants overlooked by traditional banks and financial institutions. The company uses analytics and transaction data to measure risk and provide funds to online sellers. Kabbage’s customers use the funds to buy inventory, which they then sell on eBay, Amazon, Yahoo!, and independent online stores. Victory Park Capital (VPC)…

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