Kabbage closes $75 million credit facility led by Victory Park Capital

By Susanna Moon

Chicago, April 3 - Kabbage, Inc. obtained a $75 million credit facility led by Victory Park Capital.

The debt facility will fund the company's rapidly growing customer base and allow it to expand its reach to new customer segments and markets, according to a press release by Victory Park Capital.

Thomvest Ventures, an existing equity investor, also participated in the commitment, the release noted.

Kabbage is an online provider of small business financing based in Atlanta.

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