American Express has launched a new digital cash flow management hub for small businesses, as the company seeks to expand its reach in the small business segment beyond its card offering.
American Express Business Blueprint—developed from the technology of online lending company Kabbage, which Amex acquired in 2020—provides small businesses free, personalized insights on cash flow to inform their financial decisions as well as access to financial products such as business credit lines. Additionally, it includes the My Insights analytics tool, which provides businesses data analysis of their business products, including Amex cards, and linked bank accounts to show data on cash flow, spending trends and other financial data.
American Express group president of global commercial services and credit and fraud risk Anna Marrs in a statement said the hub “marks a critical next step in American Express’ vision of becoming a digital one-stop shop for small businesses’ financial needs.”
