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May 19, 2019

As Amex scoops up Resy, a look at its history of acquisitions

Alex Wilhelm Contributor

Alex Wilhelm is the editor-in-chief of Crunchbase News and co-host of Equity, TechCrunch’s venture capital-focused podcast. More posts by this contributor

Equity transcribed: Away’s $1.4B valuation and CrowdStrike’s S-1 Unpacking Away’s $1.4B valuation, the startup studio model and CrowdStrike’s S-1 Mary Ann Azevedo Contributor Share on Twitter

Mary Ann Azevedo covers startups and tech at Crunchbase News. More posts by this contributor

With these numbers, it’s no surprise SoftBank is investing in Latin America Two Austin-based VC firms are each raising $100M funds

 
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May 15, 2019

American Express is acquiring Resy

American Express has today announced its intentions to acquire Resy, the CRM and reservation platform based out of New York. The terms of the deal were not disclosed.

Resy launched back in 2014 as a platform that allowed users to buy reservations from restaurants in situations where they’d usually have to book months in advance. For restaurants, it allowed them to offload unused inventory.

Over time, Resy realized the opportunity to provide software to restaurants. About a year ago, the company unveiled a new suite of tools for restaurant partners, including Resy Fly, Business Intelligence, and Resy Surveys.

Resy Fly uses data to help [...]

 
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January 15, 2019

American Express acquires Japan-based restaurant booking service Pocket Concierge

American Express has made an acquisition in Japan after it picked up restaurant booking service Pocket Concierge in an undisclosed deal.

The acquisition was announced in Japanese and in English by James Riney, the head of 500 Startups Japan which invested in Pocket Concierge as one of its first deals in the country.

The service was launched in 2013 to help book quality restaurants, including those that are Michelin-starred and others that have months-long waitlists for reservations. It currently works with 800 restaurants and is available in Japanese, English and Chinese, its closest competitors include OpenTable and local [...]

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October 19, 2018

PayPal and American Express expand partnership, will allow use of points for PayPal purchases

PayPal this week announced an expanded relationship with American Express that will allow cardholders to use their Membership Rewards points when shopping from PayPal merchants, as well as more integrated experience within both PayPal and the Amex apps, among other things.

The deal is similar to those PayPal earlier struck with Visa and MasterCard., and follows a series of partnerships it has made across the industry, including others with Apple, Google, Samsung, and, most recently, Walmart, designed to increase its PayPal’s visibility and adoption.

In addition to using points for purchases at PayPal’s millions of online merchants, the new [...]

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