American Express (Amex) has announced its plan to acquire Center, a U.S.-based expense management software company. While financial terms of the deal remain undisclosed, the acquisition is expected to be completed by the second quarter of 2025, subject to regulatory approvals and customary conditions.
Founded in 2017 and headquartered in Bellevue, Washington, Center provides businesses with an integrated solution that combines corporate cards, expense management, and travel tools. The platform enables organizations to enforce internal spending policies while simplifying expense tracking, compliance, and auditing.
Amex aims to integrate Center’s technology with its corporate and small business card offerings to develop a more comprehensive expense management system. The move is expected to enhance the payment experience by offering premium card benefits, automated reconciliation, and seamless expense processing.
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This acquisition follows Amex’s October 2024 deal to acquire UBS’s 50% stake in Swisscard AECS, making it the sole owner of the Swiss credit card provider. The back-to-back transactions reflect Amex’s broader strategy to expand its presence in the corporate financial services and expense management space.
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