FinovateSpring 2011 / Kabbage
Presenter Profile:
How they describe themselves: Kabbage provides working capital to online merchants as they list products for sale, leveraging information generally available on online marketplaces to assess risk and help determine advance amounts and related fees and interest. This approach allows Kabbage to understand our borrowers better and, as a result, provide them with cash as and when they need it.
How they describe their product/innovation: Kabbage will demonstrate “profile building,” which enables clients to add additional data and payment sources at their option. However, the addition of these data sources will allow Kabbage to provide merchants with access to more cash at better rates (which we will demo at the event).
Contacts:
Bus. Dev.: Marc Gorlin, Chairman, 404-410-7837
Press: Lauren Simon, Marketing and Administrative Assistant, 404-406-1900
Sales: Russell Walraven, Marketing Director, 678-986-6748
Website: www.kabbage.com
Blog: blog.kabbage.com
HQ Location: Atlanta, GA
Company Founded: February 2009
Product Being Demoed: Kabbage.com
Product Launched: June 2010
Metrics: 15 employees, to date, Kabbage has raised just under $9MM from accredited investors and partners
- Key Executives
Robert Frohwein (Founder & CEO), Marc Gorlin (Chairman), Kathryn Petralia (COO)
Key Stats
- Key Board Members
Robert Frohwein, Marc Gorlin, Jonathan Ebinger, Bruce Miller
- Key Investors
BlueRun Ventures, David Bonderman (TPG), Warren Stephens (Stephens, Inc.), United Parcel Service, SEF
- Key Partnerships
PayPal
- Key Customers
Our key customers are online merchants. Kabbage recognizes that online sellers have a more difficult time obtaining funding from traditional sources and has built a financing solution to meet their needs.