American Express announced that it has reached an agreement to acquire Nipendo, a company used by global businesses to automate and streamline business-to-business (B2B) payment processes.

“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 at American Express.

This transaction is the latest strategic step by American Express toward creating a comprehensive B2B platform that makes business payments simpler and more efficient. American Express is building a broader set of B2B capabilities for buyers and suppliers through new product development, mergers and acquisitions, and partnerships.

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

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

“Businesses can face a number of challenges even before they make a payment, including finding the right suppliers, managing order processes and supply chain, as well as handling discrepancies and invoice reconciliation. These traditionally paper-based processes require heavy investments of time, effort, and money,”

“We are honored to become a part of American Express, excited about the synergy of our mutual vision and looking forward to serving as an important component of the new business value we can offer, by efficiently streamlining B2B payments.”

Nipendo’s Co-Founder & CEO, Eyal Rosenberg.