American Express Ventures Overview
American Express Ventures is the corporate VC arm of American Express. It invests in innovative startups to enhance American Express's core capabilities and accelerate efforts in consumer commerce and B2B services. American Express Ventures has invested in over 60 start-ups focused on commerce, payments, fraud prevention, data analytics, and security. Today, two-thirds of its portfolio companies have commercial partnerships with American Express business units.
Latest News
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The credit giant acquired the B2B payments startup for around $20 million in 2023.
American Express has shut down its Amex Israel operations, which were established following the acquisition of the Israeli startup Nipendo in 2023. Nipendo, known for its B2B payment automation solutions, was acquired for an estimated $15–20 million. After integrating Nipendos technology, American Express decided to close the local operation, resulting in layoffs of several dozen employees. In February 2024, Top Systems, a publicly traded company on the Tel Aviv Stock Exchange, acquired Nipendos Israeli operations for $2 million, including its business with Israeli customers and global suppliers. This acquisition by Top Systems is not affected by the closure of Amex Israel.
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Team Members
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Web & Social Links
| Website | www.amexventures.com |
Locations
Tel Aviv, Israel
San Francisco, CA, USA
New York, NY, USA
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