American Express has signed a definitive agreement to purchase most of the assets of Kabbage, operator of a cash flow technology platform that supports small businesses (SMBs) in the U.S. Terms were not announced. Kabbage is best known for its fully automated lending platform. It has also provided its technology and data platform to alternative lenders in other countries. In the U.S., Kabbage customers received $2.90 billion in loans last year and a total of $16 billion over the last decade. However, in April of this year, Covid-19 effectively closed down millions of small businesses. Lack ...