Report: American Express Close to Buying Fintech Company Kabbage

Report: American Express Close to Buying Fintech Company Kabbage

American Express (NYSE: AXP) might soon be the owner of ambitious young fintech company Kabbage. According to a report published Wednesday by Bloomberg, citing "a person familiar with the matter," American Express is in "advanced talks" to purchase the company. The price tag could be as much as $850 million, said Bloomberg's source.