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American Express Acquires Israeli B2B Payments Automation Company Nipendo

by Ant Sh
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American Express Acquires Israeli B2B Payments Automation Company Nipendo

American Express announced 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 acquisition is subject to customary closing conditions and is expected to close within the quarter.

Nipendo’s platform allows businesses to easily connect, communicate, and automate Procure-to-Pay processes, including accounts payable and receivable. The Nipendo platform works alongside a company’s existing systems, allowing customers to maintain their current payments’ infrastructure, while benefiting from additional automation. American Express intends to integrate Nipendo’s team, technology, and capabilities to expand its differentiated offerings for businesses.

“Our extensive direct relationships with both buyers and suppliers puts us in a unique position to transform the way companies pay for goods and services. We are taking the friction out of B2B payments, paving the way for faster, more efficient, and transparent transactions. With Nipendo, we will strengthen our expertise and capabilities in the space, and their innovative platform will give business customers common ground to connect and transact on the Amex network.”

Anna Marrs, Group President, Global Commercial Services and Credit & Fraud Risk, American Express