Kabbage from American Express is an innovative financial technology startup that aims to simplify cash flow management for small businesses. Founded in 2008, the company has created a data and technology platform in partnership with American Express to go "Beyond the Card" and provide U.S. small businesses with digital cash flow solutions. This includes offering online business checking accounts with a competitive 1.3% APY on balances up to $500,000, online payments to expedite receivables, business analytics for 24/7 cash flow forecasting and tracking, and flexible lines of credit up to $250,000. Kabbage utilizes real-time data and automation to offer an integrated suite of financial tools that empower small businesses to spend less time on managing finances and more time on cultivating thriving businesses. The company recently secured a significant $200.00M debt financing investment on 02 July 2019, showcasing investor confidence in their mission and capabilities. With its focus on the intersection of Financial Services and Fintech, Kabbage from American Express exemplifies the potential for disruptive innovation in reshaping the landscape of small business financial management. For more information, interested parties can visit Kabbage's official website or follow them on their social media channels, including Twitter, Facebook, and Instagram to stay updated with their latest developments and offerings.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Debt Financing | $200.00M | - | 02 Jul 2019 | |
Debt Financing | $700.00M | 6 | Santander Bank, Kabbage Asset Securitization +1 | 08 Apr 2019 |
Debt Financing | $200.00M | 1 | 16 Nov 2017 | |
Series F | $250.00M | 1 | 03 Aug 2017 | |
Debt Financing | $500.00M | - | 08 Mar 2017 |
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