SoftBank invests $250 mn in online lending startup Kabbage
Japan's SoftBank has invested a sum of $250 million in US-based online lender Kabbage. The startup said that it is in talks with banks in India, China, and Japan to licence its technology. In 2015, Kabbage raised about $135 million at a $1 billion valuation. SoftBank also backed consumer lending platform Social Finance in 2015.