AmEx is building a B2B payments powerhouse 🚀; DeFi, Blockchain, and the future of finance 💸; If this can happen, we're screwed 🥲
FinTech is Eating the World, 18 January
Hey Everyone,
Happy Wednesday! Today’s issue is super spicy and explores the massive shifts that are taking place both in FinTech and Finance per se 🌶 We’re going to look at AmEx which is building a B2B payments powerhouse (if you’re in B2B FinTech/Finance, you can’t ignore this!), DeFi, Blockchain and why it’s the future of finance (real use cases with real value are changing the status quo), and some more hacks (& why if this can happen, we're screwed). Let’s jump straight into the awesome stuff.
AmEx is building a B2B payments powerhouse 🚀
The deal 🤝 Payments and cards heavyweight American Express AXP 0.00%↑ has acquired Israel-based B2B FinTech Nipendo for an undisclosed amount.
This is a massive move both for AmEx and the future of B2B payments. Let’s take a closer look.
The USP 🥊 Founded in 2008 and having raised just $12 million, Nipendo is basically a cloud-based RPA platform that automates purchase-to-pay and AP processes for large and medium-sized businesses. It hence integrates with businesses’ existing payment infrastructure to streamline accounts payable (AP), invoice automation, supplier relationship management, and supplier onboarding processes.
What this matters? 🤔 Nipendo acquisition is yet another building for AmEx quest to become the ultimate B2B payments powerhouse. Here’s more on the opportunity, their strategy + the takeaway (& some juicy bonus reads):