FinovateEurope 2012 / Kabbage
Presenter Profile:
How they describe themselves: To date, Kabbage has provided working capital to online merchants, leveraging information generally available through online marketplaces, ecommerce technologies, social networking platforms and payment intermediaries to assess risk and determine advance amounts and related fees and interest. This approach allows Kabbage to understand our merchants better and, as a result, provide them with the cash they need when they need it. Over the next twelve months, Kabbage will release additional products focused on helping small and medium sized businesses access the working capital that they need to grow.
How they describe their product/innovation: Kabbage is introducing the Kabbage ScoreKard, which enables online merchants to (a) view a comprehensive dashboard of their online store health, (b) generate a score corresponding to both the breadth and depth of their merchant health, and (c) obtain this information in a portable format to share with a third party with whom they may conduct business.
Contacts:
Bus. Dev. & Sales: Pete Steger, Business Development, psteger@kabbage.com
Press: Russell Walraven, Director of Marketing, rwalraven@kabbage.com
Website: www.kabbage.com
Blog: blog.kabbage.com
HQ Location:
Atlanta, GA
Company Founded: February 2009
Product Being Demoed: Kabbage ScoreKard
Product Launched: February 2012
Metrics: Raised $26M in equity, 35 Employees as of 11/15/11, more than 10,000 accounts as of 11/15/11, millions of dollars advanced each month
- Key Executives
Robert Frohwein (CEO), Kathryn Petralia (COO), Marc Gorlin (Chairman), Kevin Philips (CIO), KK Srinivasan (CAO)
Key Stats
- Key Board Members
Robert Frohwein (CEO, Kabbage), Marc Gorlin (Chairman, Kabbage), Jonathan Ebinger (Partner, BlueRun Ventures), Bryan Stolle (Partner, Mohr Davidow Ventures), Bruce Miller (Managing Director, Stephens, Inc.)
- Key Investors
BlueRun Ventures, Mohr Davidow Ventures, David Bonderman (TPG), Warren Stephens (Stephens, Inc.), United Parcel Service SEF
- Key Partnerships
Paypal/X.Commerce, eBay, UPS
- Key Customers
Kabbage’s customers are the millions of online merchants who use eBay, Amazon, Yahoo, Etsy and Shopify marketplaces as well as independent online stores.