American Express (AXP) to Acquire Kabbage
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American Express to Acquire Kabbage
August 17, 2020 11:30 AM EDTAcquisition 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
