American Express (AmEx) company Kabbage has launched its first business checking account for the US market.
‘Kabbage Checking’ marks the first of a number of planned digital cash flow management offerings from AmEx.
The business has now also introduced ‘Kabbage Funding’ to millions of existing customers, with plans to make it more broadly available later this year.
Kabbage Funding offers small businesses the opportunity to apply for flexible lines of credit between $1,000 and $150,000.
Together, these products are a part of an integrated platform from Kabbage, combining data-driven products, including payment processing and business insights, to help U.S. small businesses manage their cash flow.
“Small businesses should not have to sacrifice the features they expect from a bank in order to experience the benefits of an affordable business checking account,” said Gina Taylor Cotter, senior vice president of strategy and business operations at Kabbage. “Kabbage Checking is built to give small businesses the flexibility of mobile banking—from in-app account management to mobile check deposits—with the convenience of a traditional bank—including in-person cash deposits, free ATM access, and a compelling APY to directly support our customers’ growth.”












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