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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 ...
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]
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 ...
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 ...
This follows a similar model to the one used by Kabbage in the United States. [2] The company was founded by Christoph Rieche and James Dear in October 2011 and started trading in March 2012. Initially they focused on custom-built loans to small businesses, who usually struggled with access to finance from big banks.
Lendio is a marketplace for business loans, and in the first round of PPP funding it says it helped connect 70,000 businesses with lenders. Lendio, Kabbage Help Fill PPP Loan Gaps for Small Businesses
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