American Express Acquires Resy

▤ Summary

American Express (NYSE: AXP), a globally integrated payments company, is to acquire Resy , a New York City-based provider of a digital restaurant reservation booking and management platform. The acquisition will build on American Express’ suite of digital-first benefits and services that extend beyond traditional rewards and points, to provide Card Members with access and experiences across travel and lodging, airport lounges, exclusive events, and dining. Resy currently works with approximately 4,000 restaurants in 154 U.S. cities and 10 countries, seating more than 2.6 million diners a week. Additionally, existing Resy reservation booking and management services and capabilities will continue to be offered. The company was also founded by Gary Vaynerchuk, noted social media expert, entrepreneur and investor.

▦ Linked Companies

Resy Network, Inc.

$1M to $5M