Frohwein: Kabbage Explores Blockchain to Hedge Capital Permanence Risks
Rob Frohwein · 1213 Kabbage CEO: We've lent $5b to 150,000 SMB's, Will Pass $300m in 2018 Revenue · Nov 19, 2018 · at 15:22
Rob Frohwein, co-founder and CEO of Kabbage, discusses how non-bank lenders can potentially use blockchain and crypto infrastructure to manage liquidity and debt facilities.
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“The way I think about blockchain, and frankly, crypto, if you will, that sits on top of blockchain, is a way to maybe either hedge against some of the permanence issues that, that exist in the capital markets for companies like Cabbage or a way to so either a way to hedge it or a way to offload the permanence piece into a separate vehicle that can be tradable you know, independent of that, that debt facility. And without getting into a lot of details, I'm playing around with a lot of models, again, within the capital markets where crypto and blockchain can play a big role to solve all those key issues so we can continue to deliver capital to small businesses.”
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