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American Express Dips Toes Into Crypto Market By Investing A Crypto Startup FalconX

Mary Liu

Summary: Amex Ventures, a venture capital arm of American Express Co., has invested in California-based crypto trading startup FalconX, according to a Bloomberg report. The specific amount was not disclosed. FalconX raised $17 million in funding from companies including Accel and Coinbase Ventures in May. Harshul Sanghi, global head of Amex Ventures, said that American Express ...

Amex Ventures, a venture capital arm of American Express Co., has invested in California-based crypto trading startup FalconX, according to a Bloomberg report. The specific amount was not disclosed. FalconX raised $17 million in funding from companies including Accel and Coinbase Ventures in May. Harshul Sanghi, global head of Amex Ventures, said that American Express investing in startups is a way to better understand the emerging areas of the payment ecosystem.

By Mary Liu

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