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Monthly Archives: October 2015

Kimbia Invites Community Foundations and Local Partners Across the Nation to Make Fundraising History

Give Local America’s webinar series informs organizations on how to join the largest crowdfunding event ever, create impact that hits home, and get started today

AUSTIN, TX — Building on its incredible Give Local America (GLA) success this past May — the largest national day to celebrate community organizations and local giving in history — Kimbia is inviting community partners to make fundraising history for the third consecutive year in 2016.

Beginning on Oct. 22 the webinars will cover vital information on joining a movement that harnesses the collective power of individuals, communities and organizations to encourage philanthropy and celebrate generosity on a local level. Topics include:

In its first year, GLA raised an impressive $53 million for 7,000 nonprofits, a record-breaking program that benefitted communities across the nation. In 2015, GLA once again set a new standard for crowdfunding, raising $68 million for 9,000 nonprofits.

“Give Local America works and works well for community organizations, and we want more of our community partners and nonprofits to benefit from the event’s brand and reach,” said Kimbia Vice President of Community Giving Lori Finch. “This webinar series is a great way to get started and plan for success on May 3, 2016, as we aim to raise $100 million for nonprofits across the nation.”

Give Local America is an ideal crowdfunding format for community foundations, local partners that work to drive programs that impact causes close to home, and community-based business partners that help maximize fundraising efforts through increased visibility and financial support.

Community partners may register at http://www.givelocalamerica.org/community-partners/upcoming-webinars/.

For more information visit www.givelocalamerica.com and follow #igivelocal.

About Give Local America:

Give Local America (GLA) is a one-day national crowdfunding event that empowers every person to give back to their local communities by supporting the organizations they trust to tackle today’s most critical issues. The campaign is driven by the idea that every individual and every company has the ability to contribute to the betterment of their community, and that every contribution, no matter the size, makes a difference. GLA is an initiative of Kimbia, the industry leader in providing trusted online fundraising technology and services to make it easier and faster for charities to find, convert and retain donors and supporters.

Community Funded Appoints Matt Wasserman to Senior Role

Former Vice Chancellor of the University of Colorado to Expand Relationships with Colleges and Universities

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FORT COLLINS, Colorado, October 12, 2015. Community Funded (www.communityfunded.com) announced today that Matt Wasserman has joined the company to further expand its growing portfolio of higher education clients. Wasserman brings a wealth of experience in the higher education sector, having spent the past seven years with the University of Colorado — most recently serving as Vice Chancellor.

Matt joins Community Funded as the crowd-fundraising software platform vendor undergoes rapid growth in higher education, adding seven new accounts in 2015 with clients including the University of Wyoming, the University of Colorado, Colorado State University, Oklahoma State, and Portland State.

“I’m excited to share Community Funded with colleges and universities,” said Wasserman. “I was an early user of their crowd-fundraising platform and I know first-hand its power to unlock new donors, more funding and new projects.”

“We’re thrilled to have Matt Wasserman on board,” said McCabe Callahan, Founder and CEO of Community Funded. “He bridges the gap between old and new ways of fundraising and he’ll be able to help our clients leverage crowd-fundraising to exceed their development goals.”

About Community Funded

At Community Funded we help colleges and universities use crowd-fundraising to achieve their development goals. We offer a powerful yet easy-to-use crowd-fundraising platform that was designed for higher education fundraisers. And we’re not just a technology company. We offer training and share best practices to help our clients succeed.

Imani Needs Your Help to Provide Banking Facilities to the Unbanked People

Imani wants to give world’s unbanked citizens a way to store their money. They are raising money on Indiegogo for this purpose. Recently, I caught up with Heidi Metz to learn more about the effort; here’s what she told me:

What is the social benefit you hope to achieve with or through your crowdfunding campaign?

Imani is a bank for the 2.5 unbanked citizens of our world. At Imani, we want to alleviate poverty. We want to fight corruption. To reduce inequality. To provide financial infrastructure and education. To enable people just like us, to fulfill their own dreams.

All humans are created equal, and security should not be a privilege. Imani will provide hope, resources, and equality to those less fortunate and give them the financial freedom the developed world takes for granted.

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How much money are you hoping to raise and why? How much have you raised so far?

Imani launched an Indiegogo campaign this morning at https://www.indiegogo.com/projects/imani-banking4good/x/12350128#/ for $500K in 30 days. $27.3K has been donated in the last 3 hrs.

The $500K will result in our finished mobile banking technology, with a goal of completing the development in 4 months! The stretch goal is $2M+, which would enable Imani to scale up for the pilot countries, integrate with partner banks, finalize partnerships, secure storage, and go LIVE – beginning to transform lives.

Whom are you trying to help with your project and why?

Imagine payday has arrived! After waiting in line for several hours, you’re finally paid, in cash. Then you begin the walk home. Past the locals who will “save” your money for a 20% fee. Past those who may take your money against your will. Past the villagers and friends, who ask you to give to one of their needs, and you are culturally required to help. And the risks won’t end once you make it home.

These are the Unbanked. 2.5B people have NO access to banking. They have no way to protect or save their money. Indian, African, Latin, Eastern European, Asian, and many other cultures, send home the majority of their paycheck, which costs them a fee of 18% -40%!

Imani believes that is unjust.

Imani’s patented mobile bank is safe, secure, and treats the causes of poverty with only a 1% flat fee, anywhere in the world. Using a new, push system, Imani provides a fraud free, irreversible, mobile, banking system. At Imani, we deliver a real-time receipt of funds, without transferring any account or phone numbers.

What rewards, if any, are you offering to your supporters?

One-of-a-kind photographed greeting cards and canvas prints of the people supporters will be helping, prototype walk-through’s with Imani CEO, opportunity to join in an Advisory Board meeting to hear other world-changers, and exclusive trip to attend a launch ceremony on-location in one of the pilot countries in Africa.

Check out the campaign:

Visit the website.
Follow on Facebook.
Follow on Twitter at @heidi_unplugged

Support Publishing The World Collage to Connect the World Through Photos

The World Collage is a photo-book that will contain photos from different parts of the world. Mrunal Gawade is raising money on Indiegogo for publishing this book. Recently I caught up with him to learn more about the effort; here’s what he told me:

What is the social benefit you hope to achieve with or through your crowdfunding campaign?

I want to make people aware of how irrespective of cultural differences similarities could still be found across basic human qualities such as love, compassion, kindness through the photo-journeys of the daily activities of the people around the world. I also want to emphasize how it could be further extended to natural and made made schemes such as mountains, water bodies, cities, architectures etc. In showing these photo journeys across 4 continents (Australia, Asia, Europe, North America), I want to highlight some important socio-economic issues such as farmer’s suicide crisis, female empowerment, education awareness, civic infrastructure upgrade and related issues in developing countries like India contrasting them with developed economies such as USA, France.

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How much money are you hoping to raise and why? How much have you raised so far?

The campaign is about publishing a printed photo-book “The World Collage”. The book is A4 sized with 146 pages, and will be printed in USA from individual contributors contributions. The shipping costs are included in the perk offered on the crowdfunding platform. The money will be used to cover the book publishing related expenses such as design, print, ship, and cover the costs for marketing, platform and credit card handling fees and other related expenses. 1% donation will go to another campaign to raise funds for Indian farmer’s suicide crisis. The funding model is flexible, and the funding target is to make sure there are maximum number of people who can contribute to make them aware of the socio-economic message the book intends to send across. Book is printed individually from each donor’s contribution. The campaign has already raised 86% ($3001) from 104 backers in 21 days, out of its $3500 funding goal.

Whom are you trying to help with your project and why?

I am trying to create an awareness in people about different socio-economic issues that countries like India face through my photographic journeys by showing juxtaposing images across different cultures across 4 continents. So the target group here is a larger worldwide audience, from awareness perspective. 1% donation after expenditure will go to a charity that is raising issues of farmer’s suicide in India. I have felt strongly about this issue as 1 farmer commits suicide in India every 30 minutes. This is my way to raise awareness about this socio-economic issue to a larger audience worldwide.

What rewards, if any, are you offering to your supporters?

A printed A4 sized 146 page photo-book with 1 photo per page is the main reward, and it will be shipped worldwide. Another reward is an e-book version of the same book. Another simple reward is just simple wishes as a mark of support towards the campaign.

Check out the campaign:

Visit the website.
Follow on Facebook.
Follow on Twitter at @mgshutter

121Giving Profile

This profile is part of our crowdfunding site directory. If you have used the site and have comments you’d like to share with our readers, please share them below. If you are part of the company and see an error that needs correcting, please send us an email.

About 121Giving:

121Giving is a digital marketplace that harnesses the collective buying power of hundreds of thousands of U.S. charities, matching their needs with corporate discounts and new crowdfunding capabilities. For 501c3 organizations, 121 offers an exclusive, consistent supply of discounted goods from charity-minded retailers, merchants and brands and a free crowdfunding platform. 121’s eCommerce and crowdfunding platform is revolutionizing the way people visualize, connect with and give to the physical needs around them.

121Giving is offering free webinars for nonprofits.

Kickante Is Kicking Butt in Brazil

Brazil’s economy was struggling so Candice Pascoal did something about it. She founded Kickante, a crowdfunding site that has become a leader in Brazil.

“Brazil’s economy is struggling, and traditional venture capital is not available for companies and organizations to fund companies and projects,” Candice says. “Crowdfunding is new in Brazil, and also Brazilians are not accustomed to asking others for money to fund projects. Because traditional funding measures have dried up, lots of startups and NGOs need capital to do what they need to do. This also includes individuals, like artists and musicians. They need funds to do their projects.”

Candice explains how Kickante is helping, saying, “Kickante is bringing the sharing economy to Brazil. Our platform helps companies with a way to reach out to people they wouldn’t have been able to reach, helping them fund projects. Since Brazilians are not familiar with crowdfunding, Kickante has tools to help them learn how to conduct a crowdfunding campaign, reach more people, and continue to connect with those people, both during and after the campaign. Kickante provides marketing tools, website tips and other means by which individuals and organizations can improve their campaigns.”

She believes she is making a difference that will lead to a better Brazil. “We strongly believe we can democratize access to funds in Brazil, a very bureaucratic expensive banking environment, making more dreams come true, more people happy and hopefully more homes prosper with stability.”

On Thursday, October 8, 2015 at 3:00 Eastern, Candice and her CEO, Tahiana D’Egmont, will join me for a live discussion about Kickante and his rise to success in Brazil. Tune in here then to watch the interview live. Post questions in the comments below or tweet questions before the interview to @devindthorpe.

You can download an audio podcast here or subscribe via iTunes.

More about Kickante:

Twitter: @kickante

Founded in October 2013, Kickante is the largest crowdfunding platform in Brazil. Kickante has launched more than 8,000 campaigns and raised more than R$14 million. Kickante offers both flexible campaigns, ideal for projects that do not have a minimum value and may benefit from any amount collected, and all-or-nothing campaigns. Kickante is the only crowdfunding company in Brazil to have a unique link on YouTube, where a developer can assess whether a project deserves support and be directed to the campaign platform. In addition to launching campaigns quickly, and in a less bureaucratic and more democratic way, Kickante also offers the possibility for collaborators to donate in installments and for organizers to receive resources for their projects up-front. Visit www.kickante.com.br/ for more information.

Candice Pascoal, copyright ZDNet

Candice Pascoal, copyright ZDNet

Candice’s bio:

Twitter: @CandPascoal

Candice Pascoal’s passion for business and philanthropy started at a young age, cultivated by her father’s hard work as a doctor who owned hospitals and provided free childcare centers for working mothers. As a child, Candice often served alongside her father in his various projects. After completing her secondary education, Candice studied international business at the Universidade de Salvador, where she participated in an internship at the World Trade Centers in New York City. After graduating, she spent a year in Paris working for ProXchange, where she built their Portuguese website to sell heavy machinery.

After Paris, Candice accepted an internship at Putumayo World Music, a record label in Manhattan. She became head of international sales and marketing within 6 months of starting the role. She continued to excel in this position for the next few years, but later decided to slow down from the demanding schedule the job required. Soon after making that decision, Candice was invited to work with a slew of prominent international nonprofits, including Doctors Without Borders, Greenpeace, Amnesty International, Humanitas International, Unicef, and Care. Having helped her father as a child, Candice was thrilled to revisit her passion for charity work. She spent the next five years working on fundraising and developing direct-mail programs for non-government organizations.

There was one continuous theme throughout all of Candice’s professional experiences: passionate individuals and startup companies experiencing severe setbacks due to lack of funding. Candice knew her native Brazil was especially underserved when it came to crowdfunding, despite being rich in natural resources and talented individuals. In 2013, she designed the Kickante website with her brother and began catering the platform options to her Brazilian audience. Since then, Kickante has grown to be the leading crowdfunding site in Brazil.

Candice recently passed Kickante’s operational reins to Tahiana D’Egmont, Kickante’s new CEO, but continues to be involved as a chairwoman for Kickante from her home in Amsterdam.

Tahiana D'egmont

Tahiana D’egmont

Tahiana’s bio:

Twitter: @tahidegmont

Tahiana D’Egmont is a startup veteran from Brazil. At a young age she’s already one of Brazil’s most well known entrepreneurs with a career that started when she was 15 years old.

She has either co-founded or had an executive or advisory position in a number of successful startups in the country, being one of them a social gaming company she co-founded and where she acquired over 50 million users in less than 2 years.

Tahiana is really committed to making the country a better place for “makers” being them entrepreneurs, NGOs or artists and has been a reference in the country giving speeches, writing articles and on the media.

As the CEO of Kickante, Tahiana has been leading the explosive growth of the crowdfunding platform.

Remember to “join the cavalry” by subscribing to our content here.

Devin D. Thorpe

New Platform Matches Product Discounts With Nonprofit Crowdfunding

Nonprofits are perpetually budget constrained; even the large ones feel the pinch. 121Giving (say one-to-one giving) has created a special-purpose crowdfunding site to help.

Co-founder Liz Deering describes the problem she sees nonprofits facing, “Countless hours are spent by nonprofits running in-kind drives, asking local stores for donations and tracking down the goods they need to run their operations and serve their community. Our own Business of Nonprofits report found that 54% of NPOs do not ask retailers for discounts on products, and among those who do, 25% receive discounts of 15% or less. In addition, nonprofits struggle to connect with and engage an increasingly skeptical generation of donors. Stories of scandals and of mis-use of funds have left many charities wondering how to re-build trust and transparency with donors.”

To address these concerns, 121Giving has created special vendor relationships to obtain discounts for nonprofits and a crowdfunding platform to cover the remaining costs.

Liz explains, “121Giving is an online marketplace that NPOs can use to source discounted goods, and enable donors to help buy those goods. We’ve built a network of vendors who offer exclusive prices to charities, we’re harnessing the collective buying power that this $1.6 trillion industry deserves.”

“We’re putting control in the hands of the charity, to order what they need when they need it, instead of dealing with one-off donations arriving at their doors,” Liz continues. “Our crowdfunding platform enables charities to show donors exactly what they need, from furniture for a homeless shelter to backpacks for kids, and engage them in helping buy those items. Donors are reassured that their donation can only be spent to buy goods.”

121giving

 

Liz has a bold vision for the future. “We envision a world where the collective buying power of hundreds of thousands of charities will lead to a truly level playing field for all charities from small to large to get access to the goods they need. We’re passionate about creating the most tangible form of online giving to date, and we envision this leading to more engaged and empathetic communities who see the needs around them and help make an impact. We believe that by providing opportunities for brands to engage in our marketplace, we’re building momentum for a new and much-needed kind of product-based corporate social responsibility.”

On Thursday, October 8, 2015 at 1:00 Eastern, Liz will join me here for a live interview to talk about the unique 121Giving model. Tune in here then to watch the interview live. Post questions in the comments below or tweet questions before the interview to @devindthorpe.

You can download an audio podcast here or subscribe via iTunes.

More about 121Giving:

Twitter: @121Giving

121Giving is a digital marketplace that harnesses the collective buying power of hundreds of thousands of U.S. charities, matching their needs with corporate discounts and new crowdfunding capabilities. For 501c3 organizations, 121 offers an exclusive, consistent supply of discounted goods from charity-minded retailers, merchants and brands and a free crowdfunding platform. 121’s eCommerce and crowdfunding platform is revolutionizing the way people visualize, connect with and give to the physical needs around them.

121Giving is offering free webinars for nonprofits.

liz deering

Liz’s bio:

Twitter: @lizdeering

Liz Deering is a social entrepreneur, strategic thinker and technology enthusiast whose experiences with both category-disrupting startups and traditional nonprofit organizations provided the skills and fueled her passion to help launch 121Giving (pronounced One-To-One Giving) – a first-of-its-kind digital marketplace that harnesses the collective buying power of hundreds of thousands of U.S. charities, matching their needs with corporate discounts and new crowdfunding capabilities.

Remember to “join the cavalry” by subscribing to our content here.

Devin D. Thorpe

Get ‘Em While They’re Hot: Stuffed Toys Based On Indian Foods Come To Kickstarter

October 5, 2015 – Have you ever eaten Indian foods and thought to yourself, “Wow, wouldn’t this samosa would look great as a pillow?” This was the thought that crossed the minds of the creators of Happy Bellies, a new, creative line of stuffed toys shaped like Indian foods. The Happy Bellies are launching as a Kick-starter campaign on Monday, October 5.

Each Happy Bellies stuffed toy is based on a different Indian food, and it comes complete with a character card that explains the Happy Belly’s personality and history. For example, the samosa is an internationally renowned Indian superstar. Each Happy Belly also comes with information about the food that is is based on, including the food’s geographical origin and cooking ingredients and process.

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Since India is made of different regions with many different regional foods, each Happy Belly is part of a crew. The Breakfast Club consists of the Dozing Dosa, ‘Lil Idlis, and Auntie & Uncle Vada. The Street Gang consists of Superstar Samosa, Jolly Jalebi, and The Pani Puris. Additional crew, such as a Coastal Kids, may be added to the Happy Belliecs line if the Kickstarter launch is successful.

Happy Bellies are designed and sold by Essmart, a social enterprise that distrib-utes life-improving technologies in South India. They an additional (and fun!) prod-uct and revenue stream, and all proceeds are put back into Essmart, supporting both Happy Bellies and Essmart’s work in rural Indian villages. Every Happy Bellies customer is therefore also supporting small businesses and homes in rural India.

The team behind Happy Bellies is based in Bangalore, India. It includes Jackie Stenson and Diana Jue, co-founders of Essmart, and product designer Avantika Agarwal. Learn more about them and each Happy Bellies character on www.yourhappybellies.com.

Synapse Development Group Launches Campaign For San Francisco’s First Crowdfunded Hotel

Technology-focused hospitality brand YOTEL to Arrive at 1095 Market Street in 2017

NEW YORK (October 5, 2015)Synapse Development Group, a real estate investment and development firm headquartered in New York City, and its joint venture partner AQARAT (Kuwait Real Estate Company), have launched a crowdfunding campaign on the RealCrowd platform for the redevelopment of 1095 Market Street in the burgeoning Mid-Market neighborhood of San Francisco. The partnership plans to convert a historic office building into a 203-key hotel operated by YOTEL, the pioneering technology-focused hospitality brand. YOTEL San Francisco will be the first crowdfunded hotel in San Francisco. The Partnership has opened the offering to accredited US Investors, international investors and IRAs with a minimum investment starting at $25,000.

“Our team is excited to open an institutional quality investment opportunity to accredited investors in a market as strong as San Francisco,” said Justin Palmer, CEO of Synapse Development Group. “Investors will be able to enjoy the financial benefits of ownership, as well as perks such as discounts, owner-exclusive VIP parties at the rooftop bar, and access to membership benefits at YOTEL’s around the world.”

1095 Market Street is located at the corner of Market Street and 7th Street in San Francisco’s emerging Mid-Market neighborhood, home to tech giants like Twitter and Uber. It is currently an eight-story, 110-year-old landmarked office building totaling 71,944 square feet. Upon completion – slated for 2017 – the office building will be converted into a nine-story 203-key YOTEL branded hotel, totaling 84,000 square feet. The hotel will be home to YOTEL’s signature Club Lounge concept including flexible meeting and co-working spaces as well as a signature ground-floor restaurant and truly unique rooftop lounge with 360-degree views of the city.

YOTEL’s Chief Development Officer Jason Brown noted, “We’re truly excited to be working with our forward thinking partners, Synapse Development Group and AQARAT, along with the RealCrowd platform to be among the first wave of hoteliers and investors taking advantage of what is shaping up to be over a $2.5 billion source of capital in 2015. Crowdfunding is rapidly becoming a serious source of investment capital in hospitality real estate and is consistent with our philosophy of always striving to create opportunities to bring together enthusiastic, energetic, young-at-heart entrepreneurs both as guests and owners of YOTEL’s worldwide.”

YOTEL San Francisco is owned by a joint venture between Synapse Development Group (SDG) and AQARAT (Kuwait Real Estate Company).

“AQARAT is delighted to participate, along with our partners Synapse Development Group, in the crowdfunding launch of YOTEL San Francisco,” said Fahad Al-Shamlan, Vice President- Investments & Acquisitions of AQARAT. “YOTEL’s innovative, technological fabric, long with YOTEL San Francisco’s location in the technological hub of Mid-Market, serve as the ideal platform for San Francisco’s first crowdfunded hotel.”

The close date for the raise is October 31, 2015. For more information about the 1095 Market Street crowdfunding campaign, visit www.realcrowd.com.

About Synapse Development Group

Synapse Development Group is real estate investment and development firm headquartered in New York City. The company focuses primarily on urban markets throughout the US, and seeks to develop to the highest building standards in terms of energy performance, design and functionality. Synapse is currently developing two mixed-use projects with YOTEL as well as New York City’s first market rate Passive House apartment building. www.synapsed.com

About AQARAT (Kuwait Real Estate Company)

AQARAT is one of Kuwait’s leading real estate companies. The company was the first real estate company to be listed on the Kuwait Stock Exchange, and has a forty year track record delivering value to its customers and stakeholders through integrity and innovation. The company pioneered a multitude of concepts in the local market which included Kuwait City’s first mixed-use urban development, the country’s first luxury seafront residential complex as well as its first public private build-operate-transfer development with the Kuwaiti government. Today, AQARAT’s global footprint spans throughout the Middle East, Africa, Europe and the United States. http://www.aqarat.com.kw/

About YOTEL

Inspired by first class travel, YOTEL translates the language of luxury airline travel into small but luxurious ‘cabins’. Uncompromisingly designed around guests, YOTEL City hotels are taking the essential elements of luxury hotels in smaller, smart spaces and deliver a sense of community with areas for co-working, social gatherings and exercise. Premium cabins include YOTEL’s signature adjustable ‘SmartBed’ with luxury bedding, rejuvenating monsoon rain showers, relaxing mood lighting and ‘techno wall’ with smart TVs, multi power points and easy connectivity.

YOTEL currently operates three airport hotels in London Gatwick, London Heathrow and Amsterdam Schiphol airports; and one city hotel in the heart of Manhattan, New York. YOTEL is expanding rapidly with eight new hotels under development globally, including two new airport hotels set to open at Paris Charles de Gaulle Airport (2016) and Singapore Changi Airport (2019); and six new city hotels currently under construction in Williamsburg, Brooklyn (2017) Singapore (2017), Miami (2018), San Francisco (2017), Boston (2017) and Dubai (2018).

Founded by YO! Founder Simon Woodroffe OBE, YOTEL’s HQ is in London and has offices in Boston and Dubai. Its major partner and shareholder is IFA Hotels and Resorts KSCC based in Dubai.

http://www.yotel.com/
Twitter: @YOTELHQ
Facebook: facebook.com/YOTELHQ

About RealCrowd

RealCrowd is an online real estate investing marketplace, bringing investors direct access to the nations’ leading real estate opportunities. RealCrowd was founded in 2013 to leverage technology and the regulatory changes brought about by the JOBS Act to break down the barriers traditionally found in real estate investing. Its founding team includes principals from the real estate industry with a combined $5 billion dollars of transaction experience and over 30 years of building leading edge technology platforms. Since its founding, RealCrowd investors have had access to over $1.5 billion of institutional real estate opportunities across the United States. www.realcrowd.com

Kabbage Funding More Than $5 Million per Day

Automated Platform Enables Company to Triple Year Over Year Growth While Improving Operating Efficiency

ATLANTA – October 5, 2015 – Kabbage Inc., the leading technology and data platform powering automated small business lending, is now extending more than $5 million per day to small businesses. The company achieved this milestone less than six months after reaching $3 million funded to businesses daily, and is set to triple its annual loan volume for the second year in a row.

Kabbage’s rapid growth trajectory is driven by its lending platform – the only fully automated technology platform in the industry. This platform allows the company to rapidly increase loan volumes with a much lower increase in marketing spend, headcount and other operating expenses than its peers. The company grew its loan volume by 60% from the first quarter of 2015 to the third quarter, while only increasing marketing spend by 34% during the same period.

“From the moment customers apply and are approved, to our servicing and ongoing delivery of the right amount of capital at the right time, the Kabbage lending platform allows us to offer small businesses a superior end-to-end user experience,” said Victoria Treyger, Kabbage chief revenue officer. “This platform has been instrumental in allowing us to scale rapidly by reaching more businesses faster and by driving strong repeat usage among our customers.”

About Kabbage Inc.

Kabbage Inc., headquartered in Atlanta, has pioneered the first financial services data and technology platform to provide fully automated funding to small businesses in minutes. Kabbage leverages data generated through business activity such as accounting data, online sales, shipping and dozens of other sources to understand performance and deliver fast, flexible funding in real time. Through its Karrot brand, Kabbage offers simple consumer loans through its automated platform. Kabbage is venture funded and backed by SoftBank Capital, Thomvest Ventures, Mohr Davidow Ventures, BlueRun Ventures, the UPS Strategic Enterprise Fund, TCW/Craton and additional investors, including Ron Conway’s SV Angel, David Bonderman, founder of TPG Capital, and Warren Stephens, CEO of Stephens Inc. All Kabbage and Karrot U.S.-based loans are made by Celtic Bank, a Utah-Chartered Industrial Bank, member FDIC. For more information, please visit http://www.kabbage.com and follow the company on Facebook and Twitter.

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