附近上门

Today (also commonly known as AmEx), a popular credit and banking company, that it purchased a company called . Resy helps people get seats at restaurants, or as AmEx describes it, provides 鈥渁 digital restaurant reservation booking and management platform.鈥�

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The deal might not be as big a surprise as it feels, given that the two since at least the start of 2018.

As a private company, five-year-old Resy raised a total of $45 million in its lifetime, according to its 附近上门 profile. Its investors include , , and . Resy was co-founded by , co-founder of , which produces food news and dining guides. The startup is primarily focused on the United States, but it also has a presence in the United Kingdom, Europe, Canada and Australia.

In a AmEx said the goal of the acquisition was to enhance its ability to help cardmembers have access to 鈥渘ew, notable and hard to get into restaurants across the globe, as well as help restaurants鈥� businesses grow and thrive.鈥� It also noted that it鈥檚 the latest buy in a string of recent purchases 鈥渋n the dining, travel and lifestyle space.鈥�

However, this being 附近上门 News, let鈥檚 see what else you can find out about what AmEx is up to.

Swipe For All The Startups

AmEx has been on a buying spree as of late. In March, we reported on its purchase of LoungeBuddy, a former partner which helped travelers with reviews of various airport lounge areas. Also this year AmEx picked up , a firm that we wrote 鈥渉elps book in-demand restaurants and is similar to OpenTable鈥� at the time.

The following chart details American Express鈥檚 known acquisitions over the past decade, as reported by 附近上门:

The chart tell us two things:

1. AmEx is not a company with a history of buying lots of companies. For a firm of its value ($98.3 billion as of market close today), buying a few companies a year is more than manageable. And, often, American Express hasn鈥檛 even done that. Indeed, in five of the last eleven years AmEx bought zero known companies.
2. AmEx has picked up three companies according to 附近上门 data this year. That鈥檚 a record, and it鈥檚 only May.

So, there could be change in the wind over at the credit card giant. (And if so, I suspect there are a fair few companies that brush up against AmEx who would love to join forces.)

A Different Checkbook

AmEx also has a venture arm, creatively named . That means it interfaces with young tech shops both while they are independent and when they are ready to be picked up.

American Express Ventures has made , according to 附近上门, including . Unsurprisingly, the firm鈥檚 to invest in are fintech, financial services, and e-commerce. AmEx puts money to work where it also plays.

And that鈥檚 all for now, but we have our eyes out. If American Express buys something else, we鈥檒l let you know鈥攅specially if you are a fintech founder.