American Express (AXP) to Acquire Kabbage

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Go back to American Express (AXP) to Acquire Kabbage

American Express to Acquire Kabbage

August 17, 2020 11:30 AM EDT

Acquisition Will Expand American Express Digital Cash Flow Management Offerings for Small Businesses

NEW YORK--(BUSINESS WIRE)-- American Express (NYSE: AXP) today announced that it has entered into an agreement to acquire substantially all of Kabbage, a leading financial technology company providing cash flow management solutions to small businesses in the U.S. The transaction represents an important step toward American Express goal of being an essential partner to small businesses through a broad range of payment, cash flow and financial management tools.

Under the terms of the agreement, American... More