AmEx in advanced talks to buy SoftBank-backed Kabbage

Image sourced from the company's social media page

American Express Co.’s small-business aspirations just took another step forward.

The credit-card giant is in advanced talks to buy Kabbage Inc., a person familiar with the matter said, a deal that would make AmEx a bigger lender to mom and pop shops. The company is already the largest U.S. provider of credit cards to those types of operations.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter