American Express

American Express

American multinational financial services corporation

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Timeline

March 14, 2019

American Express acquires LoungeBuddy.

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Madison Hogan
August 17, 2020
AmericanInno
The rumors are true. After much speculation, American Express announced Monday morning it has agreed to acquire Kabbage, one of Atlanta's fastest growing fintech unicorns. The two companies report the acquisition will close later this year. Kabbage's pre-existing loan portfolio is not included in the purchase agreement and financial terms were not disclosed. AmEx states the acquisition is a major move toward the company's "goal of being an essential partner to small businesses through a broad range of payment, cash flow and financial management tools." The loan lending platform's team, products, data and IP for small businesses will be acquired by AmEx. Those products include flexible lines of credit, online bill payment, cash flow visualization tools, e-gift certificates and the company's recently launched checking account for mom-and-pop shops, according to a news release. AmEx also plans to offer a broader set of cash flow management tools and working capital products. "For several
Madison Hogan
August 11, 2020
AmericanInno
The rumors may be true: Kabbage, Atlanta's unicorn fintech startup, is in talks for a sale to American Express Co. Bloomberg reported Tuesday morning that the credit card company was in "advanced talks to buy Kabbage," a move that would help AmEx position itself as a lender to mom-and-pop stores. According to an unnamed source close to the situation, the all-cash deal could be worth as much as $850 million, including retention payments. Baron's reported earlier this month Kabbage was in the market for as much as a $1 billion deal, so the final number could be in that neighborhood. The news organization also reported the company had hired FT Partners to handle the deal. The unnamed source in the Bloomberg article said the deal could be announced as soon as this month, but nothing is set in stone yet. The latest valuation for Kabbage, backed by investors such as SoftBank Group Corp.'s Vision Fund and Reverence Capital Partners, was $1 billion in 2017. In recent months, Kabbage furloughed
July 8, 2020
WebWire
E-commerce has reached new heights around the world, as more consumers are going online to make secure, touch-free purchases across various merchants and platforms. Now, it's more important than ever that the online checkout experience is seamless and consistent across all types of digital channels and cards. American Express, Discover, Mastercard and Visa announced they are each beginning technical preparations for global expansion of the Click to Pay online checkout - based on the EMV® S...
Romain Dillet
June 30, 2020
TechCrunch
Despite the Wirecard fallout, German fintech startup solarisBank has raised a Series C funding round of $67.5 million (€60 million). Following today's funding round, solarisBank is now valued at $360 million (€320 million). solarisBank doesn't have any consumer product directly. Instead, it offers financial services to other fintech companies through a set of APIs. With [...]
Samantha Hurst
June 15, 2020
Crowdfund Insider
Click HERE to find out ⭐ American Express Receives Clearing License in Mainland China. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
June 15, 2020
WebWire
American Express (NYSE: AXP) announced that its joint-venture in mainland China, Express (Hangzhou) Technology Services Company Limited ("Express Company"), has received approval from the People's Bank of China (PBOC) for a network clearing license. With this, American Express becomes the first foreign payments network to be licensed to clear RMB transactions in mainland China. The company expects to begin processing transactions later this year. Express Company is American Express' joint...
lalorek
May 15, 2020
SiliconHills
Invoiced, a bootstrapped startup based in Austin has struck a partnership with American Express. The deal provides small and mid-sized businesses a 40 percent discount on Invoiced's accounts receivable software for two years. Customers must sign up for a subscription plan by March 12, 2022. American Express through the partnership is expected to play an ...
Omar Faridi
May 14, 2020
Crowdfund Insider
Brazilian digital wallet PicPay has surpassed 20 million downloads sooner than expected due to COVID-19 outbreak.
Megha Mohan
May 7, 2020
BBC News
Ten leading bodies say porn sites stream content featuring child sexual abuse and sex trafficking.
Walter Thompson
April 16, 2020
TechCrunch
The government must mobilize to combat this invisible enemy, but we must also have parameters for how data is protected and used.
Boston Herald Wire Services
April 6, 2020
Boston Herald
Ticker: 2nd vaccine enters testing; Airlines cut NY flights; Hotel rooms donated
April 6, 2020
WebWire
Hilton (NYSE:HLT) and American Express (NYSE:AXP) today announced that the companies, in partnership with Hilton's ownership community, will donate up to 1 million hotel room nights across the United States to frontline medical professionals leading the fight against COVID-19. Beginning next week, Hilton and American Express will make rooms available without charge to doctors, nurses, EMTs, paramedics and other frontline medical staff who need a place to sleep, recharge or isolate from th...
March 25, 2020
WebWire
American Express (NYSE: AXP) is continuing its support of organizations combatting COVID-19 with the launch of a donation matching program to help feed local communities impacted in the U.S. When U.S. Consumer, Small Business and Corporate Card Members who are enrolled in the Membership Rewards program use Membership Rewards® points towards a donation to Feeding America through JustGiving.com, American Express will match the dollar amount of each donation - up to $1 million in total don...
Reuters Editorial
March 24, 2020
U.S.
Citigroup Inc on Tuesday appointed Pam Habner as head of its branded cards division in the United States, as part of hires for many senior roles, according to two memos seen by Reuters.
Reuters Editorial
March 17, 2020
U.S.
American Express said http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20200317:nBwbFGJpRa on Tuesday spending volumes fell at the end of February and well into March as the coronavirus pandemic wreaks havoc on consumer spending, leading it to forecast low-single-digit percentage revenue growth for the first quarter.
March 13, 2020
WebWire
American Express (NYSE:AXP) announced that it is transitioning the format of its previously-scheduled Investor Day to an Investor Update Call, which will be held via live webcast on Tuesday, March 17, 2020, from 8:00 a.m. to 9:15 a.m. (ET). As a precautionary measure in light of the evolving COVID-19 situation, the company no longer plans to host the event with in-person attendees to ensure the health and safety of its investors, analysts and employees. The webcast will include brief pres...
March 5, 2020
WebWire
, , , , • American Express is encouraging people to stop and take a moment to appreciate their fellow colleagues, , • Taraji P. Henson is joining American Express to help celebrate people on National Employee Appreciation Day, , • New offerings now available to American Express Corporate Card Members, , , , , , American Express will launch a new campaign, #ExpressThanks, focused on celebrating colleagues who back each other at work every day. #ExpressThanks kicks off on National Employee Appreciation...
February 24, 2020
WebWire
Our Chairman and CEO Stephen Squeri announced a major milestone in January - we reached our goal to close the gap in merchants that can accept American Express in the U.S. The Nilson Report, a leading credit card industry resource, confirmed this significant achievement in their most recent February report, citing American Express had 10.6 million U.S. merchant locations at the end of 2019. We are proud to be able to say that 99% of credit-card accepting merchants in the U.S. can now acce...
Vinay Umarji
February 17, 2020
@bsindia
Of the total batch size of 230 students, around 219 joined the placement process; they received a total of 234 offers, along with 68 pre-placement offers
Carmen Reinicke
December 18, 2019
markets.businessinsider.com
A Berkshire Hathaway decade in review: Here are the biggest takeaways from Warren Buffett's annual shareholder letters
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