Overview of Transaction

• On October 14, 2015, Kabbage announced a minority $135mm Series E equity financing round
• The round was led by Reverence Capital Partners as well as ING, Santander InnoVentures and Scotiabank
• Additional new investors include China's Yuan Capital and Japan's Recruit Strategic Partners; existing investors BlueRun Ventures, UPS Strategic Enterprise Fund and Thomvest Ventures also participated in the round
• In conjunction with the equity raise, Kabbage also increased its credit facility by more than threefold to over $900mm to fuel the expansion of its direct lending business
• Kabbage is the leading technology and data platform powering automated lending; the Company leverages numerous data sources generated through business activity to better understand performance and deliver fast, flexible funding in real time

Significance of Transaction

• The transaction represents one of the few times in recent history that multiple global financial institutions have invested in a U.S.-based financial technology company, suggesting the potential for Kabbage's world-class platform to change the landscape of lending worldwide

FT Partners' Role

• FT Partners served as strategic advisor to Kabbage in this groundbreaking transaction
• Transaction demonstrates FT Partners' continued success advising on $100mm+ financings for leading, world class financial technology companies while also building on the Firm's deep domain expertise in the Alternative Lending space