FinovateSpring 2013 / Kabbage
Presenter Profile:
How they describe themselves: Kabbage has pioneered the first financial services data and technology platform to provide funding to small businesses in fewer than 7 minutes. Kabbage leverages data generated through business activity such as seller channels, social media, shipping data, and other sources to understand performance and deliver financing to small businesses.
How they describe their product/innovation: Kabbage has partnered with Intuit to provide simple and easy access to funding for QuickBooks customers. Kabbage is the first company on Intuit’s QuickBooks Financing Platform to underwrite customers solely based on QuickBooks data. With Kabbage, customers receive instant approvals; funds can be available within minutes when they use PayPal to receive funding.
Contacts:
Bus. Dev.: Sam Wheeler, VP Business Development, swheeler@kabbage.com
Press: Ann Noder, Pitch PR, ann@pitchpublicrelations.com
Website: kabbage.com
Blog: blog.kabbage.com
Twitter: @kabbageinc
HQ Location: Atlanta, GA
Founded: February 2009
Product Demoed: Kabbage/QuickBooks Financing Platform
Product Launch: May 2013
Metrics: $56M in equity funding; $93M in debt funding in two rounds; 95 employees; more than 100,000 accounts
- Key Executives
Robert Frohwein (CEO), Marc Gorlin (Chairman), Kathryn Petralia (COO), Kevin Phillips (CIO), Simon Yoo (CFO), Victoria Treyger (CMO), Sam Wheeler (SVP Business Development)
Key Stats
- Key Board Members
Jonathan Ebinger (BRV), Bryan Stolle (MDV), Don Butler (Thomvest), Bruce Miller (Stephens), Scott Thompson (ShopRunner), Marc Gorlin (Kabbage), Rob Frohwein (Kabbage)
- Key Investors
Blue Run Ventures, Mohr Davidow Ventures, Thomvest, SV Angel, Western Technology Investors, Victory Park, UPS SEF, David Bonderman, Warren Stephens
- Key Partnerships
UPS, Intuit
- Key Customers
Small businesses across the US and the UK