ATLANTA, GA--(Marketwire - Oct 25, 2011) - Kabbage, Inc., a provider of working capital for online merchants, announced today that Krishnakumar "KK" Srinivasan has been named chief analytics officer. In his new position, Srinivasan will lead Kabbage's risk and portfolio management efforts, as well as set the company's data acquisition and consumption strategy.
"Kabbage has always emphasized the importance of leveraging a wide variety of data from a multitude of sources to provide working capital to online merchants. We have also outlined our interest in expanding our data strategy to fundamentally disrupt finance," said Rob Frohwein, Kabbage CEO. "KK's appointment as chief analytics officer validates our pursuit of this vision."
"Kabbage has demonstrated its ability to profoundly change the field of finance for small business," stated KK Srinivasan. "I look forward to helping accelerate Kabbage's mission with a compelling data strategy. We will continue will help small businesses grow and demonstrate to main street banks that providing working capital to small businesses is not just a noble gesture, but it can be the foundation of a sound business model."
Srinivasan was most recently chief credit officer and president of the credit card division at CompuCredit Corporation. Previously he served as vice president of credit policy at First USA Bank, at the time the largest worldwide Visa Card issuer. Throughout Srinivasan's career, he has provided consulting services to healthcare, ecommerce and consumer credit education organizations.
About Kabbage, Inc.
Kabbage, Inc., headquartered in Atlanta, Georgia, is pioneering the first financial services data, technology and marketing platform just for online merchants, supporting millions of small and medium businesses that make a living selling online. Kabbage leverages data generated through merchant activity across various marketplaces and channels to understand business performance and craft financing options that meet their needs. Kabbage is venture funded and backed by Mohr Davidow Ventures and BlueRun Ventures, with additional investors including: David Bonderman, founder of TPG Capital, Warren Stephens, CEO of Stephens Inc., and the UPS Strategic Enterprise Fund. For more information, please visit www.kabbage.com
Contact Information:
Contact:
Russell Walraven
678-986-6748