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Investments

104

Portfolio Exits

22

About American Express Ventures

American Express Ventures, the venture arm of American Express, was created as a Digital Commerce initiative to make strategic investments and add value to start-ups. American Express Ventures was created in November 2011 with $100 million to expand mobile and online payment services beyond the credit-card company's traditional businesses.

American Express Ventures Headquarter Location

California,

United States

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CB Insights Intelligence Analysts have mentioned American Express Ventures in 1 CB Insights research brief, most recently on Mar 25, 2020.

Latest American Express Ventures News

American Express Ventures into Cross-Border Payments

Aug 3, 2022

There is another new entry into the cross-border payments space, this one from American Express and targeted towards small businesses in the U.S. The piece at Finovate summarizes the product description as being tied to small business cards, hence the rewards feature. As readers of these pages will know, we have commented on cross-border before and one of the key issues with these payments is the complexity, so Amex strives to eliminate that obstacle with 12 currencies ready for payment. ‘American Express Global Pay allows U.S. businesses to make domestic and international B2B payments to suppliers in more than 40 countries and in 12 currencies using the mobile-optimized website. Eligible customers can earn one Membership Rewards point for every $30 in equivalent foreign exchange payments…..“Businesses today start, grow and compete on a global scale,” said American Express Executive Vice President of Global Commercial Services Dean Henry. “Our U.S. Small Business Card Members told us they want an international payment solution focused on simplicity, convenience and the chance to earn rewards – so we built American Express Global Pay to enable these businesses to easily and effectively manage their B2B payments globally on a secure platform, backed by the trusted service and unique benefits of American Express Membership.” Readers can link out directly to the Amex announcement as well, which has some detail about a recent survey indicating that a great deal of small and medium sized business owners are expecting an increase in cross border trade in the coming year and find that x-border complexities are a problem. More activity in this lively space. No fee structure is explained but users will determine that when they set up a payment but before sending. While American Express has not disclosed exact fees, the company said that it will display the fees when the business is creating the payment. “In addition to these fees, we also make money from the purchase and sale of foreign currency,” American Express said. “Recipient banks or intermediary banks may charge their own fees, which can reduce the amount delivered to your recipient.” Overview by  Steve Murphy , Director, Commercial and Enterprise Payments Advisory Service at Mercator Advisory Group.

American Express Ventures Investments

104 Investments

American Express Ventures has made 104 investments. Their latest investment was in OneOf as part of their Series A - II on August 8, 2022.

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American Express Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/1/2022

Series A - II

OneOf

$8M

Yes

1

7/25/2022

Series B - II

Cardless

Yes

1

6/7/2022

Seed VC - II

Klasha

$2.1M

Yes

5

5/18/2022

Series A - II

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$99M

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10

3/8/2022

Seed VC - II

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$99M

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10

Date

8/1/2022

7/25/2022

6/7/2022

5/18/2022

3/8/2022

Round

Series A - II

Series B - II

Seed VC - II

Series A - II

Seed VC - II

Company

OneOf

Cardless

Klasha

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Amount

$8M

$2.1M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

1

5

10

10

American Express Ventures Portfolio Exits

22 Portfolio Exits

American Express Ventures has 22 portfolio exits. Their latest portfolio exit was EVEN Financial on December 16, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

12/16/2021

Acquired

$99M

6

11/24/2021

Acquired

$99M

6

10/27/2021

IPO

$99M

Public

17

9/29/2021

IPO

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$99M

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10

6/14/2021

Acq - Pending

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$99M

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10

Date

12/16/2021

11/24/2021

10/27/2021

9/29/2021

6/14/2021

Exit

Acquired

Acquired

IPO

IPO

Acq - Pending

Companies

Subscribe to see more

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

Subscribe to see more

Subscribe to see more

Sources

6

6

17

10

10

American Express Ventures Team

1 Team Member

American Express Ventures has 1 team member, including current Managing Partner, Harshul Sanghi.

Name

Work History

Title

Status

Harshul Sanghi

Motorola Solutions Venture Capital

Managing Partner

Current

Name

Harshul Sanghi

Work History

Motorola Solutions Venture Capital

Title

Managing Partner

Status

Current

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