What does it mean?
What does it mean?
Russell Walraven, 678-986-6748, firstname.lastname@example.org
Kabbage Issued First Patent
The First of Several Fundamental Patents Anticipated for Disruptive Online Finance Platform
Atlanta, GA – Aug. 17, 2011 – Further solidifying its position as a leader in commercial finance, Kabbage, Inc. has been awarded its first patent, U.S. Patent No. 7,983,951, by the United States Patent and Trademark Office. The company is announcing this patent issuance on the heels of its most recent round of funding. [Please see “Kabbage Secures $17 Million from Mohr Davidow Ventures, BlueRun Ventures, David Bonderman, Warren Stephens and UPS Strategic Enterprise Fund” for additional information.]
“This award is only the first in a series of foundational patents to be secured by Kabbage,” said Rob Frohwein, CEO of Kabbage, Inc., who is also recognized as one of the world’s top intellectual property strategists by Intellectual Asset Magazine. “This patent is an important milestone for Kabbage as it and many of our pending applications will be required for the delivery of financial services to merchants selling products and services online.”
The patent, “Apparatus to provide liquid funds in the online auction and marketplace environment,” covers a system by which a provider of capital utilizes information regarding a merchant’s sales history on an e-commerce website to make a determination about providing funds. The patent application was filed on May 6, 2009 and claims priority to a prior filing dated March 2, 2009. The full text of the patent can be found at https://www.kabbage.com/Funding/About/PR/Patent7983951
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 online small and medium sized 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.
Recently at the eBay Radio Party ‘Our Lawyer’ interviewed several folks for their top tips on eBay and even corned Kat -
“No matter what happens on eBay, keep a positive outlook; don’t let negative buyers get you down.“ – Kat Simpson, co-host of the “eCom Connections” Internet radio show (www.ecomconnections.com).
Read ALL of Cliff’s Article!
We are celebrating our 9th year as eBay’s first-ever and largest Local eBay Seller Group and thrilled to have Jim Griffith, aka “Griff”, join us to celebrate this very special meetup with us. Griff is the Dean of eBay Education, Host of eBay Radio, and author of The Official eBay Bible.
This meeting is at Dave and Buster’s on Walnut Hill Lane. It begins with a meet and greet at 6 pm, with dinner starting at 7 pm. We encourage you to bring a donation for the door prizes given away at the end of the night. This is a great opportunity to advertise to the group what you sell, and give back to the group that has given you so much. Please give these items to Terry Thayer, the eBaybes Door Prize Coordinator, upon arrival Monday night.
I would like to thank Kabbage for agreeing to sponsor our meetup and Kabbage offers cash to online sellers to help them grow their business! Be sure and check them out at Kabbage.com and there will be a brief presentation tonight. Kabbage evaluates your seller reputation, in addition to your credit score to determine your “Kabbage Score” for providing you working capital to grow your online business, and deposits that directly into your Paypal account in just minutes after completing the online application. Everyone needs a little more Kabbage, right?
In addition, we also need to thank Stamps.com for sending us a terrific grand prize to give away at our meetup! Stamps offers printing of your online postage program for your ecommerce business. You can learn more by clicking here to try their FREE eBay Stamps Account, or for the paid pro multi-venue shipping, check out this link for Stamps. Stamps offers logo branding and messaging directly on the pre-printed postage label, and much much more. Check them out!
Also, we will have gift bags for ALL attendees, with goodies and swag. You are asked to bring 100 business cards, fliers, or post cards of your business, and/or any other goodies or samples to add to these bags! We hope to be filled to capacity with 100 attendees at this meeting! Please share with your friends and neighbors and bring them along! We are decorating the room in eBay colors (of course!), and welcome anything you wish to bring! You are also encouraged to wear your eBay lanyard and name tag from the Dallas eBay on Location if you have it handy, to embrace the eBay spirit!
I hope that you all will join us in celebrating Dinner with Griff! It will be a celebration to remember! We are planning ice breakers and table games, birthday cup cakes, lots of door prizes, and a special power point presentation celebrating 9 years as the first local eBay seller group, where we started and how far we’ve come.
Please be sure to RSVP on our calendar for this event as seating is limited! If you are unable to attend, please be sure to let us know that as well. This also keeps you active on the meetup site!
Thank you to Melinda for securing our sponsors and to everyone who has volunteered to help us make this the most successful eBaybes & eMales event, ever!
See you tonight!
Seacoast EBAY and ECOMMERCE SELLERS Group’s organizer says:
We are very happy to announce that Kabbage has become a sponsor of our Seacoast eBay Sellers Group. Kabbage provides working capital to online merchants. For more information on Kabbage, go to : https://www.kabbage.com. Kabbage has graciously given us many giveaways that will be distributed at our March sellers group.
Kabbage has announced that they have received 6.65 million dollars in new funding to continue to grow their business. Press release
Currently Kabbage provides cash advance loans to eBay sellers based on factors beyond the credit score, and the new funding will allow them to add additional sales channels when looking at an eBay sellers total sales volume.
ECom Connections had the opportunity to speak with Marc Gorlin Chairman and co-founder of Kabbage.com today
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