American Express acquiring airport lounge platform LoungeBuddy

Friday, 14 Mar, 2019 0

American Express is acquiring commercial partner LoungeBuddy for an undisclosed amount.

LoungeBuddy is a booking app which searches and books access to airport lounges worldwide.

It also offers lounge ratings and reviews and has been available via the AmEx app for the past two years.

The acquisition will allow it to ‘further deliver’ on its current services, said LoungeBuddy co-founder and CTO, Zac Altman.

LoungeBuddy was established in 2013 and raised about $4 million in funding.

Once the deal is finalized in April, LoungeBuddy will operate as a wholly-owned American Express subsidiary.

 



 

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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.



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