Nium completed the acquisition of Ixaris.

Nium, a global B2B payments platform, completed the acquisition of Ixaris, a travel payments optimization company. Financial terms were not disclosed. “The travel industry has long been dependent on slow-moving, monolithic payment platforms. Our acquisition will serve to replace these incumbents with a modern solution that combines Ixaris’ leading virtual card capability with Nium’s advanced pay-in, pay-out and embedded foreign exchange capabilities. We welcome the Ixaris team to the Nium family and together we look forward to helping the travel sector bounce back across the globe," Prajit Nanu, Nium Co-Founder and CEO.