American Express acquisition of Kabbage : Global payments company American Express or Amex has signed a deal to acquire almost all the assets of Atlanta-based small business online lending company Kabbage. Financial terms of the fintech deal were not disclosed. Kabbage, which has been funded and backed by SoftBank Vision Fund, Thomvest Ventures, BlueRun Ventures, […]
Enova acquisition of OnDeck : Enova International, a Chicago-based provider of online financial services to non-prime consumers and small businesses, has agreed to acquire OnDeck, an online lender to small business, in a cash-cum-stock deal worth around $90 million or $1.38 per share. The deal is said to bring together a couple of complementary businesses, […]