Kabbage

18 results about this entity

Period: 03 Aug 2017 - 02 Dec 2022

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Fintechs savaged over Covid loan fraud

/wholesale

Fintechs savaged over Covid loan fraud

A US select committee investigating fraud in the country's pandemic relief programme has savaged fintech companies for "recklessly" handing out loans to dubious applicants.

AmEx opens first business banking accounts

/wholesale

AmEx opens first business banking accounts

American Express is pushing deeper into traditional banking territory with the launch of its first checking account, leveraging technology developed by small business lender Kabbage.

AmEx agrees Kabbage acquisition

/retail

AmEx agrees Kabbage acquisition

American Express has struck a deal to acquire the team and technology of online small business lender Kabbage. Financial terms were not disclosed.

AmEx eyes $850m Kabbage acquisition - Bloomberg

/retail

AmEx eyes $850m Kabbage acquisition - Bloomberg

American Express is in talks to buy online small business lender Kabbage for up to $850 million in cash, including retention payments, according to Bloomberg.

Kabbage launches online checking accounts for small businesses

/wholesale

Kabbage launches online checking accounts for small businesses

Online lender Kabbage is moving deeper into business banking with the launch of a fee-free, interest bearing, checking account.

SMB lender Kabbage cuts off credit lines

/covid-19

SMB lender Kabbage cuts off credit lines

American online lender Kabbage has begun suspending credit lines to its small business clients without notice, according to Bloomberg.

Covid-19: Kabbage furloughs employees

/covid-19

Covid-19: Kabbage furloughs employees

Struggling with the economic impact of Covid-19, American online small business lender Kabbage is furloughing a "significant number" of its 500-strong US team and closing down its Bangalore office, according to TechCrunch.

/payments

Kabbage debuts short-term loan product for small business owners

Kabbage, Inc., a data and technology company providing small businesses cash flow solutions, launched access to custom loans for Kabbage Payments customers.

/payments

Kabbage moves into payments processing

Kabbage, Inc., a data and technology company providing small businesses cash flow solutions, announced the general availability of Kabbage Payments to its customers, a new payment-processing solution for small businesses that makes getting paid faster as simple as sending a text message.

/startups

Kabbage founders raise $11 million for gig economy startup Drum

Drum launched today with nearly $11 million in seed funding, unveiling the first instantly available, massively scalable and completely flexible sales force platform.

/retail

Kabbage to buy small biz data platform Radius Intelligence

Kabbage entered into an agreement to acquire assets of Radius Intelligence, a leading small-business data platform. The purchase allows Kabbage to more deeply understand and serve small businesses as it adds insights from over 20 million U.S. small businesses to its platform.

/retail

Kabbage gets $200m revolving credit facility

Kabbage, Inc., a data and technology company offering automated cash flow solutions to small businesses, closed a $200 million revolving credit facility to support its rapid growth providing U.S. small businesses access to flexible, online funding.

Azlo and Kabbage team on small business lending programme

Azlo, a U.S. online banking platform, and Kabbage, Inc., a cash-flow technology and small business lending platform, announce the launch of Mission Street Capital, a new program that provides small businesses banking with Azlo access to loans through Kabbage® up to $250,000.

World Economic Forum sets up fintech cyber security consortium

World Economic Forum sets up fintech cyber security consortium

Citi and Kabbage have signed on as founding members of a new industry consortium set up by the World Economic Forum to strengthen the cybersecurity of fintech firms and data aggregators.

Kabbage extends credit line size to $250,000

Kabbage, Inc., a global financial services, technology and data platform serving small businesses, now offers lines of credit of up to $250,000.

Kabbage gets $200m revolving credit facility from Credit Suisse

Kabbage Inc., a global financial services, technology and data platform serving small businesses, announced a new $200 million asset-backed revolving credit facility with Credit Suisse, a global financial institution.

ING demonstrates fintech collaboration model for instant lending

ING demonstrates fintech collaboration model for instant lending

ING is demonstrating its commitment to fintech partnerships with the roll out of an online lending platform to SMEs in France and Italy, deploying digital technology from as many as five different third party firms to manage the process.

SoftBank invests $250m in Kabbage

SoftBank invests $250m in Kabbage

Kabbage, the US online lender for small businesses, has secured a $250 million investment from Japan's Softbank.

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