Kabbage Lending

Kabbage, a leading financial services data and technology platform, recently announced three key hires with deep expertise in scaling world-class organizations across the financial services and technology sectors.

Jeff Hodges has been appointed as Kabbage’s chief financial officer and Scott Askins has joined Kabbage as general counsel and secretary. The company also announced today that Goldman Sachs veteran Richard Schafrann has joined the company to lead Kabbage’s Capital Markets team.

The addition of these hires is a decisive next step as the company continues to scale its global lending infrastructure. Today the company provides over 80,000 small business customers with access the capital they need to grow, and licenses its powerful platform technology to multiple global bank partners, including three of the world’s top fifty largest banks. Kabbage will add a number of additional partners and geographies over the coming year.

“Kabbage has expanded quickly and will continue to scale both its direct lending business and enterprise software capabilities. To succeed, it is critical that we bring on board best-in-class leaders in key functions,” said Rob Frohwein, co-founder and CEO of Kabbage. “Jeff, Scott and Richard come to Kabbage with the proven experience of working with high-growth companies and building global brands, while demonstrating the visionary leadership that is crucial to the next stage of our growth. All three are high integrity individuals who embody Kabbage’s culture of caring deeply for our customers, partners, employees, and community. We’re excited to experience their impact on the organization.”

Kabbage, Inc., headquartered in Atlanta, has pioneered the first financial services data and technology platform to provide fully automated funding to small businesses in minutes. Kabbage leverages data generated through business activity such as accounting data, online sales, shipping and dozens of other sources to understand performance and deliver fast, flexible funding in real time.

For more information, visit http://www.kabbage.com.