American Express to acquire Kabbage.

American Express, an American multinational financial services corporation, agreed to acquire Kabbage, a financial technology company providing cash flow management solutions to small businesses in the US. Financial terms were not disclosed. "At Kabbage, we have always made the success of America’s small businesses our primary objective. We have built a technology and data platform that provides them with the kind of capabilities and insights often reserved for larger businesses. By joining American Express, we can help more small businesses succeed with a fully digital suite of financial products to help them run and grow their companies," Rob Frohwein, Kabbage CEO.