(Reuters) – American Express Co AXP.N is in advanced discussions to buy online small-business lender Kabbage Inc in an all-cash deal, Bloomberg News reported here on Monday.
The deal could value the Softbank Group Corp 9984.T backed lender at as much as $850 million, including retention payments, the report said.
An agreement could be announced as soon as this month, Bloomberg said, though talks could still fall apart.
American Express and Kabbage declined to comment on the report.
Do you have a complaint about American Express, such as locked accounts or overcharges? Take your claim to FairShake, the consumer advocacy service.