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Kabbage was an online financial technology company based in Atlanta, Georgia. [1] The company provided unsecured loans and funding directly to small businesses and consumers through an automated lending platform. [2] In 2020, the company was acquired by American Express and its mobile app was rebranded to American Express Business Blueprint. [3]
Online lender Kabbage was one of the biggest lenders in the first year of the Paycheck Protection Program, processing more than $7 billion in loans. Facing federal PPP fraud investigations, online ...
The investigation, led by the Justice Department's civil division, is examining whether Kabbage and other fintech companies miscalculated how much aid borrowers were entitled to from the Paycheck ...
Former employees at both Blueacorn and Kabbage raised concerns about the high level of fraud they suspected in loans their companies had approved, but those concerns were brushed aside, according ...
President Trump signs the Paycheck Protection Program and Health Care Enhancement Act (H.R. 266), April 24, 2020. The Paycheck Protection Program (PPP) is a $953-billion business loan program established by the United States federal government during the Trump administration in 2020 through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to help certain businesses, self ...
Kathryn Petralia is an American entrepreneur, and the co-founder and COO of Kabbage. [1] In November 2017, she was assessed by Forbes as being the 98th most powerful woman in the world. [2] In December 2017, she was listed in a TechCrunch feature on 42 women succeeding in tech that year. [3]
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