
With the deal happening at a time when many businesses are struggling to survive due to the ongoing coronavirus pandemic, American Express is set to largely benefit financially from the acquisition of Kabbage.
Kabbage is a financial technology and data company pioneering a new, automated way for small businesses to access working capital.
Kabbage, Inc. is an online financial technology company based in Atlanta, Georgia. The company provides funding directly to small businesses and consumers through an automated lending platform.
With the deal happening at a time when many businesses are struggling to survive due to the ongoing coronavirus pandemic, American Express is set to largely benefit financially from the acquisition of Kabbage.
Mastercard has partnered with SoFi, a digital personal finance company, in a program expected to benefit SoFi’s almost one million customers using their cash management accounts.
The lack of information equality for borrowers in lending marketplace is something this article will address by providing an overview of the lending landscape, and in doing so, offer some viable solutions.