Real Estate

Kabbage Considers A Sale. It’s Expected To Seek Up To $1 Billion. - Barron's

by barrons.com posted 12months ago 42 views
This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. https://www.barrons.com/articles/kabbage-considers-a-sale-its-expected-to-seek-up-to-1-billion-51596490606 Kabbage, the fintech startup that outperformed many large lenders during the Paycheck Protection Program, is weighing a sale, two people familiar with the situation said. The Atlanta company has hired FT Partners after receiving expressions of interest, the people said. Kabbage could sell for $750 million to $1 billion, one person said. Possible bidders include financial institutions and technology companies; no private-equity investors have emerged among the interested parties, one person said.

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