Daily News: July 17, 2018

Kabbage Names Rosenberg CFO


Online lender Kabbage bolstered its financial leadership team with the appointment of Scott Rosenberg as its chief financial officer. The company also added Laurie Simon Hodrick as an independent director on its board.

“I’m thrilled that two such talented, forward-thinking and exceptional people agreed to join Kabbage and our leadership team,” said Kabbage CEO Rob Frohwein. “Scott’s experience in tech, credit and commerce will ensure rapid but disciplined growth.”

Previously the president and CFO for Purchasing Power, Rosenberg doubled the company’s cumulative revenues from $1 billion to $2 billion in fewer than three years. He also led the company’s capital markets strategy, raising more than $600 million to fuel faster growth. Prior to that, he was the CFO of eBay Enterprise, formerly GSI Commerce, where he helped grow the company’s revenue from $275 million to nearly $2 billion and played an integral role in its sale to eBay for $2.4 billion.

Rosenberg will oversee revenue and funding growth across Kabbage.

“I am thrilled to support the future growth of Kabbage and join a team dedicated to the good work of supporting small businesses,” said Rosenberg.