Kabbage Reportedly Shopping for Buyers

Barron’s reports that online small business lender Kabbage is shopping for buyers and could fetch more than $1bn; the potential buyers that have emerged thus far have consisted of financial institutions and tech bidders, though no private equity investors have expressed interest yet, according to the sources; Kabbage has performed well during the crisis and they became a key player during the Paycheck Protection Program; the company recently announced new bank accounts for SMBs, with no costly opening fees and the flexibility to begin an account at any stage of the business; Kabbage declined to comment as the company does not discuss rumors. PYMNTS.com

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.