Tagged: kabbage

Kathryn Petralia, Co-Founder of Kabbage Discusses Amex Acquisition: “We are coming from a position of strength”

In mid-2020, Kabbage, one of the best-known online lenders for SMEs in the US, was acquired by American Express (NYSE:AXP). At that time, co-founders Rob Frohwein and Kathryn Petralia said this was their first time sitting in the seat of the entrepreneurs selling a company… Read More

Survey by Fintech Kabbage, an American Express Co., Reveals Small Businesses’ Average Total Sales Reached 80% of Pre-COVID Levels

Small businesses’ average total sales reached 80% of pre-COVID levels, according to a recent Kabbage Survey. COVID-19 vaccination rates among small business owners have outpaced the US national average while issues with recruitment and reopening protocols “persist,” the Kabbage team noted earlier this month. Kabbage,… Read More

Kabbage Adds Digital Checking to Platform

Kabbage, an online lending Fintech that was acquired by American Express (NYSE:AXP) has announced the launch of “Kabbage Checking,” said to be the first business checking account offered by American Express and built for U.S. small businesses. To help encourage uptake of the new service,… Read More

The Top Ten Fintech Predictions for 2021

Fintech enthusiasts welcome back to my 5th annual “Top Ten” Fintech prediction series. This year I’ve met a lot of powerful movers and shakers in the Fintech space. My take away from these meetings and interactions is how little do I know about this ever-expanding… Read More

Online SME Lender Kabbage Acquired by American Express

Kabbage, one of the best known online lenders in the US, has signed an agreement to be acquired by American Express (NYSE:AXP). Rumblings of a potential deal between the two parties have been circulating for some time now. In a public statement, American Express said… Read More

Kabbage to Stop Accepting New Applications for Paycheck Protection Program Before August 8th Deadline

Global financial service platform Kabbage announced it will not be accepting new applications for the Paycheck Protection Program after August 6th (today). The online lender decided to close the application process for new applicants before the August 8th deadline in order to finalize existing applications…. Read More

Kabbage Unveils Full-Service Business Checking Accounts Specifically For Small Businesses

Global financial service platform Kabbage announced on Wednesday the launch of  Kabbage Checking, which is a new business checking account built for small businesses. According to Kabbage, the checking account gives small businesses the same capabilities, convenience, and security they expect with a traditional checking… Read More

Kabbage Approves More Than 209,000 Paycheck Protection Program Applications For $5.8 Billion

Global financial service platform Kabbage announced on Wednesday it has approved more than 209,000 Paycheck Protection Program (PPP) applications for $5.8 billion. Kabbage claimed it is the third-largest PPP lender in the country by application volume.  As previously reported, the PPP is part of the… Read More

Kabbage Announces Juneteeth as a Company-Wide Holiday

Global financial service platform Kabbage announced on Thursday it will now and always recognize Juneteeth as a company holiday. Juneteeth is an official American holiday and an official Texas state holiday that celebrates annually on the 19th of June to commemorate Union army general, Gordon… Read More

Kabbage Launches PPP Application for Drivers & Delivery People Using Uber

  Global financial service platform Kabbage announced on Tuesday it has expanded its Paycheck Protection Program (PPP) with a customized application for drivers and delivery people who use Uber in the U.S. The Paycheck Protection Program is part of the $2 trillion Coronavirus Aid, Relief,… Read More

Kabbage: More Than 110,000 Small Businesses Approved to Receive Over $3.5 Billion in PPP Funding Through Online Lending Platform

Global financial service platform Kabbage announced on Monday that more than 110,000 U.S. small businesses have been approved to receive over $3.5 billion in Paycheck Protection Program (PPP) funding through its online lending platform.  As previously reported, the Paycheck Protection Program is part of the… Read More

Once Economy Shifts from Respond to Recover, Fintechs May Benefit: Report

Many Fintechs are actively engaged in supporter consumers and businesses in the battle to survive in an economy battered by the COVID-19 pandemic. Simultaneously, some funding has dried up putting some startups at risk. This may include Fintechs. Yet one report expects that Fintechs may… Read More

Kabbage Forms Partnership With SBA Authorized Lender to Deliver Paycheck Protection Program Loans

Global financial service platform Kabbage announced on Tuesday it has partnered with a technology-enabled bank and authorized lender of the Small Business Administration (SBA) to deliver billions of dollars of Paycheck Protection Program (PPP) loans to American small businesses. Kabbage claims its program has received more… Read More

Fintechs Start to Furlough Employees as the Economic Impact of COVID-19 Sinks In

Fintechs are starting to furlough employees as the economy tanks due to the COVID-19 induced decline. While not officially in recession, major economies are bracing for the worse while businesses are compelled to let employees go as business activity slows. On Monday, it was reported… Read More

Online Lender Kabbage Furloughing Employees: Report

Kabbage, an online lender focusing on SMEs, is apparently temporarily laying off employees in light of the COVID-19 pandemic. Additionally, a support center in Bangalore is said to be shuttering and executives are taking pay cuts as the Fintech struggles to adapt in a landscape… Read More

Online Lender Kabbage Moves to Help SMEs During Coronavirus Crisis with New Website “Helpsmallbusiness.com”

Online lender Kabbage has launched a new website “www.helpsmallbusiness.com” designed to support SMEs during the Coronavirus crisis. According to a release distributed by the Fintech, the initiative is a “call to action” that enables anyone to purchase an online gift certificate from participating small businesses… Read More

Kabbage’s Latest Data Reveals Small Businesses’ Revenue Growth Is Stronger Than Perceived

Global financial service platform Kabbage announced on Tuesday its latest data, which polled more than 600 U.S. small business owners, revealed the majority of small businesses believe their revenue growth underperforms their peers. Specifically, 60% of respondents ranked their revenue growth below the 50th percentile… Read More

Online Lender Kabbage Launches Access to Custom Loans for Kabbage Payment Customers

Global financial service platform Kabbage announced on Tuesday it has launched access to custom loans for Kabbage Payments customers. Kabbage reported the new lending product offers U.S. small businesses more control over short-term funding needs. Kabbage also revealed that with custom loans, Kabbage Payments customers choose any… Read More

Online Lender Kabbage Moves Into Fintech Payments. As Simple as Sending a Text

When you make a payment today using your online bank account it can take days to process. This makes absolutely no sense at all. This is a disservice to users and only benefits big banks as they gain by holding the money as long as… Read More

Kabbage Launches New Small Business Revenue Index

Global financial service platform Kabbage announced this week the launch of its new Small Business Revenue Index. According to Kabbage, the index has two million live data connections the platform maintains across its customer base of more than 200,000 small businesses. “The Kabbage Small Business… Read More

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