American Express to acquire Hypercard, terms not disclosed

American Express (AXP) entered into an agreement to acquire Hypercard, an agentic expense management company, adding to Amex’s AI expertise and capabilities across its commercial services business. Hyper’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, Hyper has focused on transforming expense management from a manual process into more autonomous workflows, successfully developing 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 leveraging the Agile Partner Platform. Since then, Hyper has continued to focus and refine its agentic expense management capabilities. The acquisition is expected to close within the second quarter of 2026, subject to closing conditions.