American Express Agrees to Acquire B2B Payments Company Nipendo

American Express (NYSE: AXP) today announced that it has entered into an agreement to acquire Nipendo, a company used by global businesses to automate and streamline business-to-business (B2B) payments processes.

The transaction is American Express’ latest strategic step toward its goal of creating a leading end-to-end B2B platform, making business payments simpler and more efficient. American Express is building a broader suite of B2B capabilities for both buyers and suppliers through new product development, M&A and partnerships.

In 2019 Amex acquired acompay, and in 2022, Amex partnered with Accounts Receivable players BillTrust and Versapay. Last month, the company announced Amex Business Link, a B2B solution for American Express’ network participants.

Read the source article at businesswire.com