Press release

BFS Capital Appoints Fred Kauber as Chief Technology Officer and Chief Product Officer

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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.

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Fred Kauber, Chief Technology Officer and Chief Product Officer, BFS Capital

Fred Kauber, Chief Technology Officer and Chief Product Officer, BFS Capital

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 and, 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.

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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.