Sam Wheeler joins Kabbage as Vice President of Business Development

February 1, 2012

Former Amazon Marketplace Executive to Focus on Partnerships

ATLANTA, Feb. 1, 2012 -- Kabbage, Inc., a provider of working capital and data services for the SMB market, today announced a key addition to its executive team with the appointment of Sam Wheeler as vice president of business development. In his new position, Wheeler will lead Kabbage's partnership and data acquisition efforts.

"It is critical that we commence and extend our relationship with a wide variety of marketplaces, data partners and other distribution sources. We have spent considerable time and effort to identify the right person to lead this enormous task and Sam is clearly the best choice," said Marc Gorlin, Kabbage Chairman.

"Kabbage delivers a unique solution and an unparalleled vision for small and medium businesses. I'm excited to grow and extend our services to more marketplaces and to incorporate more data into our platform," said Sam Wheeler. "As we start delivering data services for the SMB market, as well as to those that wish to serve that market, we will need to ensure we have the relationships in place to deliver a valuable and quality service to our customers."

Wheeler was most recently Vice President Sales and Customer Experience at Optify. Previously he served as Director, Small Business Services at Amazon.com, where he held numerous leadership roles over his twelve years including start up responsibility for: Auctions, zShops, eBooks, Marketplace and Amazon's Display Advertising team Adzinia. Wheeler was also responsible for key partnerships that launched the Amazon Breakthrough Novel Award contest. At Junglee, a company acquired by Amazon.com, Wheeler managed relationships with Tribune Companies, Classifed.com and Excite. Prior to Junglee, Wheeler was instrumental in the launch of WSJ online classifieds.

About Kabbage, Inc.
Kabbage, Inc., headquartered in Atlanta, Georgia, is pioneering the first financial services data, technology and marketing platform for online businesses, 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.