M&A Deal Summary

American Express Acquires Nipendo

On January 12, 2023, American Express acquired internet software and services company Nipendo

Acquisition Highlights
  • This is American Express’ 4th transaction in the Internet Software and Services sector.
  • This is American Express’ 1st transaction in Israel.

M&A Deal Summary
Date 2023-01-12
Target Nipendo
Sector Internet Software and Services
Buyer(s) American Express
Deal Type Add-on Acquisition

Target

Nipendo

Netanya, Israel
website
Nipendo is a company used by global businesses to automate and streamline business-to-business (B2B) payments processes. Nipendo developed a cloud-based platform for the intelligent automation of procure-to-pay processes. Nipendo is based in Netanya, Israel.

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Buyer(S) 1

Buyer

American Express

New York, New York, United States

website

Category Company
Founded 1850
Sector Financial Services
Employees77,300
Revenue 52.6B USD (2022)
DESCRIPTION
American Express' regional offices in downtown Sydney, Australia.
American Express' regional offices in downtown Sydney, Australia.

American Express is a global financial services company offering payment and credit services to consumers and businesses. The Company's principal products and services are charge and credit payment card products and travel-related services. American Express was incorporated in 1850 and is based in New York City.

DEAL STATS #
Overall 17 of 17
Sector (Internet Software and Services) 4 of 4
Type (Add-on Acquisition) 13 of 13
Country (Israel) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-17 Kabbage

Atlanta, Georgia, United States

Kabbage, Inc. is a provider of short-term financing to small, underbanked businesses and merchants who primarily sell their products and services online.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-16 Accertify

Itasca, Illinois, United States

Accertify is a provider of fraud prevention, chargeback management, account protection, and payment gateway solutions. Accertify's technologies help protect many businesses and increase their operational efficiency. Accertify is based in Itasca, Illinois.

Sell -
Mergr

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