K1 Investment-backed TokenEx completed the merger with IXOPAY.

K1 Investment-backed TokenEx, a cloud tokenization and payment optimization provider, completed the merger with IXOPAY, a payment orchestration platform. Financial terms were not disclosed. “This merger marks a milestone in the payments industry. By joining forces, IXOPAY, a TokenEx Company is positioned to help merchants develop a payments strategy that optimizes the use of multiple payment processors to enhance both top and bottom-line results,” Marc Olesen, TokenEx CEO.