Kabbage

American Express isn't acquiring any loans in its deal for the online small-business lender. Here's what it is getting.

American Express Co. is acquiring the teams and technology behind the online lender Kabbage Inc. as the credit-card giant seeks to provide more loans and other services to small-business owners.

The card giant could pay $850 million in cash for the online small-business lender, according to a person familiar with the talks.

The online small-business lender’s temporary halt to loan originations contributed to a breach of a minimum asset level for its Series 2019-1 collateral pool, according to Kroll.

The acquisition of Radius Intelligence fits with the online lender's existing focus on small commercial borrowers.

Though the use of alternative data in lending is seen by some as untested, several fintechs say they couldn't function without it.

As lawmakers meet this week to discuss artificial intelligence, they should work with regulators to create universal and workable definitions.

The findings of a new survey suggest that banks risk becoming irrelevant unless they match the speedier processes that are a key selling point for online lenders.

The online lender's recent completion of a $700 million securitization provided Jonathan Ebinger at BlueRun Ventures an opportunity to reflect on what he has learned about the power of alternative data.

The online lender is taking advantage of the cheaper funding this could provide to refinance a $610 million facility that does not expire for another year.