On Tuesday global financial service platform Kabbage announced it has appointed James Chou as its new Chief Technology Officer (CTO). According to Kabbage, Chou has more than 20 years of experience in technology innovations and will oversee the development of the company’s data-drive financial products and small business services.
Prior to joining Kabbage, Chou served as the CTO for WorkMarket, where he was instrumental in its sale to ADP.He also served as CTO of Shutterstock and was Senior Vice President and CTO for American Greetings Interactive. speaking about Chou’s appointment, Kabbage COO, Bob Sharpe, stated:
“Kabbage is committed to maintaining its leadership in putting technology and advanced analytics to work in the service of our customers. Jim has a passion for building technology with the customer at the heart of every design, data point and line of code. His expertise and drive will build upon the rich technology heritage at Kabbage.”
Chou added:
“I was struck by the advanced technology at Kabbage, as it truly stands apart from others in the FinTech industry. I look forward to supporting the mission of Kabbage and helping small businesses achieve their goals.”
The appointment of Chou comes less than a week after Kabbage declared it has entered into a definitive agreement to acquire substantially all of the assets of Orchard. As previously reported, the acquisition will allow Kabbage to integrate Orchard’s technology platform for enhanced data capabilities, and will accelerate product development and services for Kabbage’s partners and small business customers.
Orchard’s CEO and co-founder, Matt Burton, as well as Chief Analytics Officer and co-founder, David Snitkof, will reportedly join Kabbage’s leadership team upon the closing. They will oversee technology integrations and future innovations. Kabbage will notably add more than twenty Orchard employees who are predominantly focused on advanced analytics, data science and engineering to its New York City office.