Kabbage is a leading financial technology company providing cash flow management solutions to small businesses in the U.S.
Under the terms of the agreement, American Express will acquire Kabbage’s team and its full suite of financial technology products, data platform and IP built for small businesses. Kabbage’s products include access to flexible lines of credit, online bill payment, cash flow visualization tools, e-gift certificates, and the ability to centralize funds through the company’s recently launched business checking account. This product suite is integrated into a single online platform that uses real-time data processing to help small businesses better understand, forecast and manage their cash flow.
The Goodwin team was led by Larry Chu, Nate Hagler, Melissa Schwab Wright, Mike Whalen, Kimberly Holzel, and Kelsey Lemaster, and included Robert Dzialo, Jordan Yellen, Joshua Burlingham, Leon Peschel, Bethany Withers, Timothy Holahan, Ana Victoria Alvarado, Sarah Bock, Kara Kuritz, Ai Tajima, Jacob Osborn, William Stern, Kimberly Larie, Austin Abir and Joshua Tarr.
For more details, read the press release.