Accelerates digital transformation and expands management team of small business financing platform
Accelerates digital transformation and expands management team of small business financing platform.
CORAL SPRINGS, FL — BFS Capital, a leader in small business lending, today announced the appointment of Fred Kauber as Chief Technology Officer and Chief Product Officer. As a member of the management team reporting to CEO Mark Ruddock, Kauber will be responsible for leading a customer-focused product and technology organization whose mission is to help BFS re-imagine financial services for small businesses.
Kauber brings more than two decades of experience in the financial services industry and has a strong track record of leadership in technology, product management, marketing and operations. Most recently, he served as Chief Technology Officer and Chief Marketing Officer at CAIS Group, a fintech marketplace platform, where he led platform development and corporate marketing initiatives.
“At BFS Capital, our mission is to leverage advanced technology and data science to unlock exciting new financial products and services for underserved small businesses, and I’m confident that Fred is the right person to advance both our vision and our capabilities in this regard,” said Mark Ruddock, CEO, BFS Capital.
Prior to CAIS Group, Kauber was CTO at TRANZACT, where he launched autoinsurance.com and directhealth.com, both joint ventures with Walmart, and helped facilitate TRANZACT’s acquisition by White Mountain in 2014. He has also held C-level and senior leadership roles at Fortune 500 firms and entrepreneurial ventures in the financial services and technology industry, including Entitle Direct Group, First Data Corporation, Dun & Bradstreet and IBM Corporation. Kauber also teaches enterprise technology strategy as an adjunct professor in the graduate program of the NYU School of Professional Studies and mentors aspiring technology leaders and entrepreneurs in the NYU Future Labs and Columbia University Technology Management programs.
“Small business owners are increasingly seeking compelling and empowering digital experiences that can help them unlock access to critical financial services in an on-demand, personalized manner. I’m excited to join the BFS Capital team to help drive the technology and product transformation that will position the company as an agile, innovative provider of financing as well as broader financial solutions,” said Fred Kauber, CTO and Chief Product Officer, BFS Capital.
Kauber graduated from Manhattan College with a BS in Computer Science and received his MBA from New York University’s Stern School of Business. He also holds an MS in Telecommunications from Pace University. He is a Certified ScrumMaster (CSM), has been trained as a Six Sigma Black Belt and is a member of the Forbes Technology Council.
Mark Ruddock joined BFS Capital in November as CEO following seven years of global leadership roles in digital consumer lending, most recently as interim CEO of 4finance, an on-line lender with operations in 17 countries. BFS Capital provides financing from $5,000 to $500,000 to merchants across more than 400 industries. In 2018, the company surpassed $2 billion in originations to small businesses in the U.S., Canada and the U.K. through U.K. subsidiary Boost Capital.
To learn more, please visit BFSCapital.com.
About BFS Capital
BFS Capital champions the long-term growth and prosperity of small businesses by providing timely, flexible financing solutions. BFS Capital’s leading small business financing platform leverages customized underwriting and proprietary algorithms to fund businesses in the United States, Canada, and through its United Kingdom subsidiary, Boost Capital. Since 2002, BFS Capital has provided over $2 billion in total financing to over 23,000 small businesses across more than 400 industries. Headquartered in South Florida with offices in New York, California and the United Kingdom, BFS Capital is an accredited BBB company with an A+ rating.
Archie Group for BFS Capital