Kabbage: A provider of working capital for small businesses ...| MENAFN.COM

Tuesday, 17 May 2022 08:06 GMT

Kabbage: A provider of working capital for small businesses that are unable toobtain credit from traditional sources.


iCrowdNewswire - Mar 27, 2017

Atlanta, GA 30301, US
Financial Services

Kabbage is a provider of working capital for small businesses that are unable toobtain credit from traditional sources.

Kabbage, Inc. is the leading provider of working capital for small businesses.

Kabbage has pioneered the first financial services data and technology platform to provide funding to small businesses in less 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 options for small businesses.

There is a rapidly growing delta between small-to-medium businesses need for credit and its availability from traditional sources.

As a large percentage of small businesses, online retail sales as a percentage of total retail sales have doubled in the past five years. Ecommerce sales overall in 2006 were just over $107 billion, representing 2.7 percent of total retail sales . There are over 100 million Ebay users in the US today, with an estimated 200 million new listings in 2Q, 2008 alone. There are an estimated 5 million power sellers transacting over $48 billion on Ebay and more than 8 million high-volume sellers representing over $70 billion across all marketplaces.

Management Chief Executive OfficerRob Frohwein

Rob founded Kabbage to get small businesses capital quickly, an area in which banks have long struggled.

He believes deeply that small businesses are at the core of economic development around the world. Rob's also a 3-time author, former co-host of a radio show, inventor with more than 30 patents and applications — and the owner of a lifetime pass to the Baseball Hall of Fame.

Favorite small business: Bull's BBQ at Citizen's Bank Park, owned by former Philadelphia Phillie Greg Luzinski.

Chief Operating OfficerKathryn Petralia

Kathryn has 12 years of experience in the consumer credit and payments space.

She helped start Kabbage believing that important decisions about working capital should be based on data generated by dozens of business operations, not just credit score.

Chief Financial OfficerKevin Phillips

Kevin has more than 25 years of experience in information technology.

He is the lead architect of Kabbages platform, leveraging data to ensure that all small businesses get a fair shake when looking for fast access to cash.

Chief Marketing OfficerVictoria Treyger

Victoria has more than 15 years of experience in building brands and customer loyalty.

She joined Kabbage because she loved the message: To understand customers better and provide them with cash when they need it. Favorite ecommerce store: BHFO on eBay.

Vice President Business DevelopmentSam Wheeler

Sam has 18 years of experience bringing web-based solutions to market.

He joined Kabbage because he loved the product — an efficient way to deliver capital to small businesses.

Vice PresidentJon Hoffmann

Jon has 20+ years of experience in consumer and commercial credit cycle management.

He loves that Kabbage is at the forefront of fueling entrepreneurship by providing working capital to small businesses often neglected by traditional lenders. Favorite small biz: Leisure Pro, a divers supply company in NY.

Vice PresidentAmy Zimmerman

Amy has spent 15 years building tech companies by identifying and cultivating talent. Her focus at Kabbage is to foster the company's inventive culture.

Amy's favorite local Atlanta small business is Leapin' Lizards, an indoor bounce house that is her go-to spot on rainy days with her two kids.

DirectorScott Thompson

Scott Thompson was formerly CEO of [Yahoo!](/company/yahoo). Before taking up this role he served as president of [PayPal](/company/paypal) with overall responsibility for growing the global leader in online payments. Succeeding Rajiv Dutta in 2008, Scott previously served as PayPal's senior vice president and chief technology officer where he oversaw information technology, product development, and architecture for PayPal.

Prior to PayPal, Scott worked for Inovant, a subsidiary of Visa formed to oversee global technology for the organization. As executive vice president of technology solutions at Inovant, he was responsible for all development, support and maintenance of Visa's global payment system.

Scott was also chief information officer of Barclays Global Investors, where he implemented a new strategic technology platform and global infrastructure.

DirectorBryan Stolle

Bryan Stolle, a former entrepreneur, founder and chief executive officer, brings significant company building expertise to MDV. He focuses on and invests in people, ideas, and companies that are trying to solve important business problems using new technologies, business models, or processes.

Stolle co-founded MDV-backed Agile Software in March 1995. He then served as a member of the Agile board of directors and as Agile CEO through April 2006, and as Chairman of the Board until Oracle acquired the company in July 2007.

Prior to founding Agile, Stolle served in various executive marketing roles at Sherpa Corporation, a developer of enterprise product data management software and Rexcom Systems, a software company he co-founded. He started his career at EDS.

Stolle holds a B.A. in Business Administration and an M.B.A. from the University of Texas at Austin.

DirectorJonathan Ebinger

Jonathan Ebinger, Partner, joined BlueRun Ventures in September 2000 and is based in Menlo Park. He focuses on communications, media, and mobility opportunities.

Jonathan has 15 years of marketing and finance experience in the telecommunications industry. Previous experience includes Vice President of Marketing for Qwest Communications, and senior level positions at Bell Atlantic Internet Solutions and MCI Communications. In addition, Jonathan founded and successfully exited Simply Savings, Inc., an Internet shopping service.

He received his M.B.A. from Darden Graduate School of Business Administration at the University of Virginia, and holds a B.S. in Finance from Virginia Tech.

DirectorDon Butler

Don Butler is the President of Thomvest Ventures Inc.

He began his career with the investment banking firm of Lehman Brothers, where he was a member of the energy and high technology industry groups in New York and San Francisco.

In this capacity Don assisted in completing transactions ranging from initial public offerings to mergers and acquisitions.

Don has also worked with the consulting and investment firm Asia Pacific Ventures, where he assisted numerous technology companies in business development in the East Asian markets.

Don received a Bachelors degree in Chinese from UCLA and Masters degrees in East Asian Studies and Political Science from Stanford University.

Director MarketingKatelyn Watson

Katelyn Watson is a marketing expert with a broad range of experience and heavy focus on innovative and emerging digital marketing.

Katelyn started her career on the agency side running digital campaigns for clients like Brinker International, SunTrust Banks, Best Buy, Hyatt Hotels, McAfee, Dallas Mavericks and other technology brands.

Katelyn joined La Quinta Hotels to drive marketing for LQ.com across all digital channels in 2007. She then spent 4 years at Shutterfly where she built a team to support all marketing for acquisition across Shutterfly, Tiny Prints, Wedding Paper Divas and treat with a major focus on digital acquisition and brand.

In late 2012, Katelyn joined Series C startup Kabbage, where she led acquisition marketing to drive company growth. Kabbage is now the leader in online funding for independent business owners and funds businesses based on data like Square and QuickBooks.

Simon Yoo

Simon came to Kabbage after spending 15 years in investment banking.

The son of small business owners, he wanted to use his experience to help Kabbage scale its platform around the world. Fave small businesses: Carol Gowns and Hellen Yoo Designs, both started and run by his mother.

Marc Gorlin

Marc is a serial entrepreneur who has built several tech companies including Pretty Good Privacy (PGP) and VerticalOne.

His dad started numerous small businesses when he was a kid and he saw firsthand the impact entrepreneurs have on the economy. He co-founded Kabbage to speed up the process of funding small businesses. He likes to say that Kabbage provides a small business cash more quickly than a bank can cash a check.

His favorite small business is El Torero, a Mexican restaurant in Chamblee, Georgia that he has been frequenting since he had to sneak out of high school to enjoy lunch there. He says it has the best salsa on the planet.

DirectorBruce Miller

Bruce Miller joined Stephens in 2004 and heads the firm's Financial Services investment banking group. Prior to joining Stephens, Mr. Miller was a Principal with Burke Capital Group, a financial services investment banking boutique in Atlanta.

He was previously a corporate lawyer with Alston & Bird in Atlanta, where he counseled numerous public and private companies on M & A transactions, securities offerings and corporate finance transactions. Mr. Miller began his legal career as a corporate lawyer with McGuire, Woods, Battle & Boothe in Richmond, Virginia, where he focused on M & A transactions and corporate finance matters for several retailing companies and utilities.

He holds a Bachelor of Arts degree with a concentration in finance from N.C. State University. He earned his Juris Doctor from Wake Forest University, where he was a member of the Board of Editors of the Wake Forest Law Review.

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Company AgeEmployeesSub-Industry8 years18Other Financial Services

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Rob Frohwein

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