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DealStreetAsia

Temasek-backed fintech firm to acquire UK-based B2B payments platform

Acquisition will further enable Nium to access global payment infrastructure

The acquisition of Ixaris will further enable Nium to provide one API integration letting customers in a variety of sectors quickly deploy new financial services from card issuance to cross-border payments.

SINGAPORE -- Singapore-based financial services platform Nium has announced the signing of a definitive agreement to acquire London-based business-to-business payment company Ixaris. The transaction is expected to close early in the third quarter of 2021, subject to customary closing conditions, according to a press release.

Founded in 2002, Ixaris develops payment applications and provides financial transaction services to businesses such as airlines and online travel agents (OTAs), enabling them to reduce surcharges, earn rebates, flatten foreign exchange fees and streamline reconciliation.

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