American Express Co. (AXP) announced Thursday that it has entered into an agreement to acquire Hypercard, an AI-powered expense management platform, adding to its AI expertise and capabilities across its commercial services business.
Hypercard's team of AI experts will help American Express continue to build agentic tools and AI-powered solutions that help businesses automate processes and simplify operations.
Founded in 2022, Hypercard has focused on transforming expense management from a manual process into more autonomous workflows. It develops native AI agents that auto-categorize and file expenses, check them against budget and policy, and send reminders that submissions are due.
In 2024, American Express and Hyper partnered to launch the Hypercard Rewards American Express card with embedded AI-powered expense agents using the Agile Partner Platform.
The acquisition is expected to close within the second quarter of 2026, subject to closing conditions.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.