American Express announced it has entered into an agreement to acquire Hypercard (Hyper), an agentic expense management company, to strengthen its artificial intelligence capabilities across its commercial services business. The deal will bring Hyper’s team of AI specialists to American Express, supporting the development of agentic tools and AI-powered solutions aimed at automating business processes and simplifying operations.
Hyper’s technology transforms expense management from a manual, time-intensive task into autonomous workflows powered by native AI agents. These tools can automatically categorize and file expenses, validate them against company budgets and policies, and send reminders for pending submissions.
The two companies have an existing relationship. In 2024, they partnered to launch the Hypercard Rewards American Express card, which integrates AI-driven expense agents through the Agile Partner Platform. Since then, Hyper has continued refining its agentic expense management capabilities.
The acquisition aligns with American Express’ broader strategy to embed AI across its products and services. The company has emphasized AI as a core driver of efficiency and innovation within its commercial offerings, including a new expense management platform expected to launch later this year.
The deal is expected to close in the second quarter of 2026, subject to customary closing conditions.
KEY QUOTES:
“Our customers want smarter, more efficient ways to manage expenses so they can focus on what’s next for their business, and AI has the potential to transform the way businesses get things done. We’re thrilled to welcome Hyper, a team with deep expertise in designing and deploying AI agents, as we build next-generation AI capabilities into our products and services, including our expense management platform launching later this year.”
Raymond Joabar, Group President Of Global Commercial Services, American Express
“We’re excited to join the team at American Express and work together to help businesses reduce friction in the expense process through AI technology. Hyper was founded with the ambition to better automate expenses, and we’re excited to continue this mission as a part of the Amex team.”
Marc Baghadjian, CEO And Co-Founder, Hyper
