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American Express History. American Express or Amex for short dates all the way back to 1850 as an express mail business in Buffalo, NY. The company was founded by Henry Wells, William Fargo and John Warren Butterfield. These men went on to found Wells Fargo four years later.
View Full Document. 1  2. American Express (AmEx): the company was founded in 1850 as an express mail business. It is now a multinational financial services company most well-known for its charge cards, credit cards, and travelerâs checks. AmEx issued its first travelerâs cheques in 1891, its first travel charge card in 1958, and its first credit card in 1987.