American Express Buys Hyper to Automate Expenses
The deal brings AI agents into AmEx’s commercial services business as it expands expense automation tools.
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[Image source: Chetan Jha/MITSMR India]
American Express Co. will acquire Hypercard, a startup focused on automating expense management using AI agents, the US payments firm said.
The deal, expected to close in the second quarter of 2026, will bring Hyper’s team of AI specialists into American Express’ commercial services unit, as the payments giant looks to expand its capabilities in agentic AI and automation.
Founded in 2022, Hyper has been building tools that shift expense management away from manual processes toward autonomous systems such as AI agents that categorize expenses, check compliance with budgets and policies, and nudge users to complete submissions.
The two companies had already collaborated in 2024 to launch an AI-enabled corporate card product, suggesting this acquisition formalizes an existing working relationship.
American Express is positioning the move as part of a broader effort to embed AI deeper into its enterprise offerings, particularly for businesses looking to streamline back-office operations.
“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,” said Raymond Joabar, Group President of Global Commercial Services at American Express.
“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.”
For Hyper, the acquisition marks a shift from operating as an independent startup to becoming part of a larger financial services ecosystem.
“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,” said Marc Baghadjian, CEO and Co-Founder of Hyper.
The financial terms of the deal were not disclosed.
