FinovateFall 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 and when they need it.
How they describe their product/innovation: Kabbage has launched the SocialClimbing™ feature of its system, which enables online merchants to associate their social activities with their Kabbage account. By doing so, Kabbage incorporates information from these social media sites to underwrite risk and enable online merchants to receive a benefit by actively engaging with audiences interested in their products and services.
Contacts:
Bus. Dev.: Marc Gorlin, Chairman, 404-410-7837
Press: Lauren Simon, Marketing Associate, 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 – working capital for online merchants
Product Launched: June 2010
Metrics: Just under $26M raised from accredited investors and partners, 22 employees
- Key Executives
Robert Frohwein (CEO & Founder), Marc Gorlin (Chairman & Co-founder), Kathryn Petralia (COO & Co-founder), Kevin Phillips (CIO)
Key Stats
- Key Board Members
Robert Frohwein (CEO, Kabbage), Marc Gorlin (Chairman, Kabbage), Jonathan Ebinger (Partner, Blue Run Ventures), Bruce Miller (Managing Director, Stephens Inc.), Bryan Stolle (General Partner, Mohr Davidow Ventures)
- Key Investors
BlueRun Ventures, Mohr Davidow 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.