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Alex Wilhelm is the editor-in-chief of Crunchbase News and co-host of Equity, TechCrunch's venture capital-focused podcast.
Mary Ann Azevedo covers startups and tech at Crunchbase News.
American - Express - AmEx - Credit - Banking
American Express (also commonly known as AmEx), a popular credit and banking company, recently announced that it purchased a company called Resy. Resy helps people get seats at restaurants, or as AmEx describes it, provides “a digital restaurant reservation booking and management platform.”
The deal might not be as big a surprise as it feels, given that the two have worked together since at least the start of 2018.
Company - Resy - Total - Lifetime - Crunchbase
As a private company, five-year-old Resy raised a total of $45 million in its lifetime, according to its Crunchbase profile. Its investors include Lerer Hippeau, Airbnb and Slow Ventures. Resy was co-founded by Ben Leventhal, co-founder of Eater, which produces food news and dining guides. The startup is primarily focused on the United States, but it also has a presence in the United Kingdom, Europe, Canada and Australia.
In a press release, AmEx said the goal of the acquisition was to enhance its ability to help cardmembers have access to “new, notable and hard to get into restaurants across the globe, as well as help restaurants’ businesses grow and thrive.” It also noted that it’s the latest buy in a string of recent purchases “in the dining, travel and lifestyle space.”
Crunchbase - News - Let - AmEx
However, this being Crunchbase News, let’s see what else we can find out about what AmEx is up to.
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