JUN 15, 2021
MAY 28, 2021
Kabbage leans on Green Dot for its banking product, but with Amex’s backing, that could change. Much like QuickBooks Cash, Kabbage Checking is powered by Green Dot for the time being, giving Kabbage limited control of its offering.
MAY 26, 2021
American Express-owned alt lender Kabbage is repositioning itself as a one-stop shop for SMBs. In addition, corporate card and rewards fintech Brex is making a nationwide push to attract local business to its multipurpose financial platform, and could expand its banking offering if its Industrial Banking Charter application is approved.
MAY 26, 2021
At the same time, major banks are doubling down on services for small businesses—JPMorgan has built out WePay since acquiring it, and Amex recently purchased Kabbage, for example—to move in on the sector. Square’s push could broaden its ecosystem, helping it stand out.
MAY 10, 2021
And Amex is working to position itself as the go-to platform for SMBs, most recently by acquiring alt lender Kabbage. While there are more than 30 million small businesses in the US that continue to be underserved by financial institutions, the value proposition that fintechs present are looking increasingly similar.
MAY 21, 2020