FinovateFall 2014 / Kabbage
Presenter Profile:
How they describe themselves: Kabbage has pioneered the first financial services data platform to provide small businesses financing in fewer than 7 minutes. Kabbage leverages data generated through business activity such as online sales, shipping, business software, checking account and dozens of other sources to understand performance and deliver fast, flexible funding instantly.
How they describe their product/innovation: Kabbage is launching the only fully automated consumer marketplace lending product in the industry to complement its leading position in SMB lending.
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), technology licensing and services
Contacts:
Bus. Dev.: Pete Steger, Head of Bus. Dev., psteger@kabbage.com
Press: Victoria Treyger, CMO, vtreyger@kabbage.com
Sales: David Green, Head of Sales, dgreen@kabbage.com
Website: kabbage.com
Blog: blog.kabbage.com
Twitter: @kabbageinc
HQ: Atlanta, GA
Founded: February 2009
Product Demoed: Karrot
Product Launch: September 2014
Metrics: $106M in equity
Presenters: Rob Frohwein (CEO & Co-Founder),
Kathryn Petralia (COO & Co-Founder)
- Key Executives
Robert Frohwein (CEO), Kathryn Petralia (COO), Kevin Phillips (CFO), Victoria Treyger (CMO), Andy Badstubner (CTO), Spencer Robinson (VP Data Ops), Jon Hoffmann (EVP Credit Ops), Amy Zimmerman (VP People Operations)
Key Stats
- Key Board Members
Robert Frohwein (CEO, Kabbage), Marc Gorlin (Chairman, Kabbage), Jonathan Ebinger (Partner, Blue Run Ventures), Bryan Stolle (General Partner, Mohr Davidow Ventures), Steve Murray (Softbank), Scott Thompson (CEO, Shoprunner), Don Butler (Thomvest Ventures)
- Key Investors
BlueRun Ventures, Mohr Davidow Ventures, Thomvest Ventures, SoftBank, UPS, TCW, Lumia Capital, Warren Stephens (Stephens Inc.), David Bonderman (TPG), Tencent
- Key Customers
Our key customers are all small businesses in the US who are in need of capital to grow, and consumers seeking a 3 to 5 year installment loan. Kabbage recognizes that small businesses have a more difficult time obtaining funding from traditional sources and has built a financing solution to meet their needs.