• by Ray Schultz , January 13, 2023

American Express is acquiring Nipendo, a firm that automates B2B payments processes. Terms were not disclosed.

Amex hopes to build an end-to-end B2B payments platform. Last month, the company launched Amex Business Link, a B2B tool for American Express Network participants. 

In 2019, Amex acquired acompay, and recently partnered with BillTrust and Versapay. 

The credit-card giant says it is in a unique position because of its direct relationships with buyers and suppliers. 

“We are taking the friction out of B2B payments, paving the way for faster, more efficient, and transparent transactions,” says Anna Marrs, group president, global commercial services and credit & fraud risk at American Express. 

Marrs adds: “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.”

The acquisition is expected to close within the quarter, subject to customary closing conditions.