[1] The company provided unsecured loans and funding directly to small businesses and consumers through an automated lending platform.

[4] In 2012, it opened its San Francisco office and subsequently raised US$30 million in Series C financing.

[5][6] Beginning in February 2013, the company expanded internationally, entering the United Kingdom[7] and raising further debt financing.

[3] In October 2022, Kabbage d/b/a K Servicing (an entity that was not acquired by American Express) filed for Chapter 11 bankruptcy following a report by the United States Congress that suggested it might have facilitated fraudulent Paycheck Protection Program payouts during the COVID-19 pandemic but these allegations are, as of yet, unsubstantiated.

In March 2020, Kabbage suspended lending services for active and new customers in favor of offering loans to U.S. businesses through the PPP (Paycheck Protection Program) introduced as part of the Trump administration's COVID-19 economic stimulus package.