A Japanese technology giant is backing lending startup Kabbage

Kabbage, a $1 billion online lending startup, has announced a $250 million equity investment from a Japanese telecom giant SoftBank, according to a press release on the news.
Kabbage was founded in 2008 to disrupt the business lending space. It currently serves more than 100,000 clients, having provided more than $3.5 billion in funding to small and medium sized businesses since its inception.
It also powers automated lending tools for large banks such as Santander and Scotiabank.
SoftBank, a ho