FreedomPay and Sightline Payments; two powerhouse FinTech solution providers serving the gaming, lottery, sports betting, entertainment, retail, and hospitality ecosystems, today announced they have formed a strategic partnership to jointly develop, market and deliver a breakthrough new cashless digital payments and patron loyalty platform. The system will offer the broad industry reach and unprecedented features for which both companies are widely regarded and promises to transform the burgeoning gaming and entertainment industries.

American Express (NYSE: AXP) today announced that it has entered into an agreement to acquire substantially all of Kabbage, a leading financial technology company providing cash flow management solutions to small businesses in the U.S. The transaction represents an important step toward American Express’ goal of being an essential partner to small businesses through a broad range of payment, cash flow and financial management tools.

Kabbage, Inc, a data and technology company providing small business cash flow solutions, reports it has received SBA approval to fund over 110,000 Paycheck Protection Program (PPP) applications, surpassing $3.5 billion. With a focus on serving America’s smallest businesses, Kabbage’s efforts represent over half a million jobs restored to Main Street companies in the United States. As an SBA-approved lender serving small businesses with or without a pre-existing relationship, Kabbage continues to see high demand from businesses with five or fewer employees. To-date, independent contractors, sole proprietors and single-member LLCs represent approximately 40 percent of all PPP applications approved through Kabbage, for over $500 million. The average loan size of Kabbage’s approved applications is $31,500 with a median of $14,000.Get Spiffy has acquired Carmacy, which provides preventive fleet services such as oil changes, tire rotations and repair.

FreedomPay, a leading consumer-centric commerce platform has integrated support for Google Pay, the fast, simple and secure way to pay on sites, and in apps, using the cards saved to your Google Account, to provide seamless payments across its full range of eCommerce solutions, in both Android applications and in browsers via FreedomPay's Hosted Payment Controls (HPC)...

Updated: May 5, 2020, 10:14am

Kabbage is an online lender that was originally focused on offering small businesses short-term lines of credit. But with the passage of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the company pivoted in April to processing Paycheck Protection Program (PPP) loans through the U.S. Small Business Administration (SBA). This review focuses on Kabbage as a PPP loan provider.

PHILADELPHIA, Sept. 16, 2019 /PRNewswire/ -- FreedomPay, the world's leading consumer-centric commerce platform, has announced that Paradies Lagardère, the travel retail and dining leader in North America, has joined it's DecisionPoint Network™ platform. Building upon the established secure payments services FreedomPay provides at many of Paradies Lagardère's traditional retail outlets, such as CNBC Store, NBC Today Show Store, Brooks Brothers, and hundreds of shopping and dining establishments in more than 100 US airports including Atlanta, JFK, LAX and Philadelphia, Paradies Lagardère customers will now simultaneously experience relevant and targeted advertising in real time...

It’s often said that smaller businesses get the short end of the stick when it comes to technology solutions: they are more high-maintenance than consumers, but not as lucrative as larger enterprises, leaving them caught somewhere in an unsatisfying middle. But today, two serial entrepreneurs who have already built one big startup catering to SMBs — loans platform Kabbage — are launching another effort to help fill that gap. Drum, billed as a marketplace for businesses both to source sales people and sell their goods and services, not just for SMBs but any direct online brands seeking to market to SMBs or consumers, has raised $11 million in funding to launch its company and to — yes — drum up new business...

FreedomPay has announced that it has entered into a global technology project and support partnership with Vista Technology Services (Vista). The three-year partnership will give FreedomPay immediate access to over 4,000 engineers in over 30 European countries to manage the installation and maintenance of payment solutions from simple to complex across the region. The agreement provides an on-site – enhanced and personalised – 24/7 service to FreedomPay customers. Vista will provide fully P2PE compliant warehousing and logistics designed to maintain a full ‘chain of custody’ throughout the delivery, installation, and maintenance lifecycles of FreedomPay’s payment platform systems...

Kabbage, the AI-based small business loans platform backed by SoftBank and others, is adding more firepower to its lending machine: the Atlanta-based startup has secured an additional $200 million in the form of a revolving credit facility from an unnamed subsidiary of a large life insurance company, managed and administered by 20 Gates Management, and Atalaya Capital Management.

FreedomPay, the leading global consumer-centric commerce payments platform, today announced an extension and expansion of its five-year partnership with Agilysys, a leading global provider of next-generation hospitality software solutions and services, with a goal of building upon an already successful partnership to increase the market presence and business success for both companies…