Results 1 to 13 of 13
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08-04-2020, 11:03 AM #1
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- Feb 2018
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- 1,349
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.
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08-04-2020, 11:16 AM #2
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?
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08-04-2020, 12:21 PM #3
- Join Date
- Oct 2013
- Location
- Designer
- Posts
- 586
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.
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08-04-2020, 01:04 PM #4
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- Feb 2018
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- 1,349
"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
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08-08-2020, 11:54 AM #5
- Join Date
- Sep 2014
- Posts
- 262
Kabbage - can not generate new Business. It had brokers generating it's customers and when brokers started making toomuch money they terminated the Brokers.
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08-11-2020, 11:08 AM #6
Rumor has it that AMEX is looking into Kabbage portfolio
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08-11-2020, 03:44 PM #7
- Join Date
- Nov 2018
- Posts
- 23
AMEX is in "advanced talks" to buy Kabbage, a person familiar with the matter said. -Bloomberg
https://www.bloomberg.com/news/artic...backed-kabbage
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08-11-2020, 04:00 PM #8
- Join Date
- Mar 2015
- Location
- Boynton Beach
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- 3,472
AXP is a public company. Not wise repeating or circulated rumors about public companies.
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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08-11-2020, 04:22 PM #9
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- Apr 2016
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- Ft Lauderdale
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- 57
Jake Strelzik
305- 785-2548
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08-12-2020, 01:02 AM #10
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- Feb 2018
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- 1,349
that would be the largest acquisition price tag achieved in the mca space to date if they get that.
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08-17-2020, 12:42 PM #11
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- Feb 2018
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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.
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08-17-2020, 02:41 PM #12
- Join Date
- May 2016
- Posts
- 90
Price undisclosed as of this time
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08-20-2020, 11:44 AM #13
- Join Date
- Feb 2018
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- 1,349
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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