AUSTIN, TX--(Marketwire - March 10, 2011) - Kabbage, Inc. was selected as a finalist in the Innovative Web Technologies category for Microsoft BizSpark Accelerator at SXSW, where early stage technology companies demo innovative new technology in front of influential industry judges and a live audience. Sponsored by Microsoft BizSpark, The John S. and James L. Knight Foundation, IBM, .CO, and Turner Broadcasting System, more than 400 companies submitted to present at the Microsoft BizSpark Accelerator at SXSW, where Kabbage, Inc. was selected out of 40 finalists in five different categories.
The three-day event will be held Monday, March 14th - Wednesday, March 16th. The first two days of the event will be held on the fourth floor of the Downtown Austin Hilton and will feature finalists across categories including Innovative Web Technologies, Social Media and Social Networking Technologies, Entertainment Technologies, and News Related Technologies. Judges will select a winner in each of the four categories presented which will be revealed on March 15th at 6pm.
Kabbage will present alongside seven other companies in the Innovative Web Technologies category at 5-6pm CST, Monday, March 14, 2011. Mark Suster, Blair Garrou, and Tara 'Miss Rogue' Hunt will co-emcee the showcase on the 14th and 15th.
"We are excited to be able to participate in SXSW Accelerator and are honored to be a finalist in the Innovative Web Technologies category," said Rob Frohwein, Kabbage CEO. "We hope the recognition garnered through our participation at SXSW will accelerate our growth and thereby enable us to fund more online merchants. The health of these merchants is critical to the recovery of our economy."
Kabbage uses a variety of data obtained through online to analyze merchants' sales and credit history, customer traffic and reviews, and prices and inventory compared to competitors to quantify risk and determine advance line assignments. Kabbage underwrites merchants and delivers working capital to its customers in fewer than 10 minutes.
"The SXSW Accelerator program continues to attract a record number of submissions and we're very proud of the caliber of this year's finalists," said Microsoft BizSpark Accelerator at SXSW Coordinator, Chris Valentine. "SXSW, a conference built on innovation, is the ideal community to connect these early-stage technology companies with an outstanding group of industry influencers, potential partners and investors."
For more information about Microsoft BizSpark Accelerator at SXSW and to view the complete list of finalists, visit the following site:
http://sxsw.com/interactive/accelerator
About Kabbage, Inc.
Kabbage, Inc., headquartered in Atlanta, Georgia, is pioneering the first financial services data, technology and marketing platform just for online sellers, supporting millions of online small and medium sized businesses that make a living selling online. Kabbage leverages data generated through online merchants' activity across various marketplaces and channels to understand merchants and craft financing options that meet their needs. Kabbage is venture funded and privately held. For more information, please visit www.kabbage.com.
About the SXSW Interactive Festival
The 18th annual SXSW Interactive festival will take place March 11-15, 2011 in Austin, Texas. An incubator of cutting-edge technologies, the event features five days of compelling presentations from the brightest minds in emerging technology, scores of exciting networking events hosted by industry leaders and an unbeatable line up of special programs showcasing the best new websites, video games and startup ideas the community has to offer. From hands-on training to big-picture analysis of the future, SXSW Interactive has become the place to experience a preview of what is unfolding in the world of technology. Join us March 2011 for the panels, the parties, the 14th Annual Interactive Awards, ScreenBurn at SXSW, the SXSW Expo, Accelerator at SXSW and, of course, the inspirational experience that only SXSW can deliver. SXSW Interactive 2011 is sponsored by Miller Lite, Chevrolet, AOL, IFC, Pepsi, PepsiMax, Freecreditscore.com, Monster Energy, Microsoft, Samsung, AT&T and The Austin Chronicle. For more information, visit www.sxsw.com.
Contact Information:
CONTACT:
Rob Frohwein
Office Phone: 404.410.7836
On-Site Phone: 404.290.6116
E-mail: