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  1. #1
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    Kabbage to seek sale (real or fake news)

    https://www.pymnts.com/news/partners...to-1b-in-sale/

    this is a sharp contrast in price tags vs what ODC obtained.

  2. #2
    Veteran Reputation points: 134971 Chambo's Avatar
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    that's the asking price. No new originations since March, outside of PPP?

    Oh, they'll get more than the $90 million for On Deck, but a Billion?

  3. #3
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    1.3 billion funded annually (pre-COVID)

    156,000,000 in revenue

    35,000,000 automated underwriting platform that works and is proven

    Established branding and organic online footprint/real estate)

    (Harder to quantify, let’s say 5,000,000)


    If you put a value of the company at 200,000,000+ just based on annual cash flow and assets, they’re asking for about 5X that, which is definitely in line with normal Business acquisition asks for a previously successful established and growing company, with a competitive advantage.


















    Www.B2BRecon.com - Home of additional unfair competitive advantages.
    Last edited by Franklin; 08-04-2020 at 12:25 PM.

  4. #4
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    "Kabbage had to furlough a significant number of its almost 600 employees and quit handling new loans in response to the onset of the coronavirus pandemic in March." these aren't normal times. ODC had all sorts of accolades over the years as well with a huge valuation IPO

  5. #5
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    Kabbage - can not generate new Business. It had brokers generating it's customers and when brokers started making toomuch money they terminated the Brokers.

  6. #6
    Veteran Reputation points: 134971 Chambo's Avatar
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    Rumor has it that AMEX is looking into Kabbage portfolio

  7. #7
    AMEX is in "advanced talks" to buy Kabbage, a person familiar with the matter said. -Bloomberg

    https://www.bloomberg.com/news/artic...backed-kabbage

  8. #8
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    AXP is a public company. Not wise repeating or circulated rumors about public companies.
    Hedley Lamarr......That's Hedley

  9. #9
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    Jake Strelzik
    305- 785-2548

  10. #10
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    that would be the largest acquisition price tag achieved in the mca space to date if they get that.

  11. #11
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    https://www.businesswire.com/news/ho...cquire-Kabbage

    its official. anyone know the financial aspect of this deal

    https://www.washingtonpost.com/busin...0ca_story.html

    was it really an $850M cash deal?
    Last edited by fundingsmbs; 08-17-2020 at 12:45 PM.

  12. #12
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    Price undisclosed as of this time

  13. #13
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    https://www.americanbanker.com/news/...ire-sale-price

    "less than 10% of its market value in 2015"

    wow. huge disparity fr kabbage's sale

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