XFolio AI Snaps Up Absolute Payment Solutions To Create Unified Treasury And Payments Platform For UK Businesses
Summary
XFolio AI has acquired Absolute Payment Solutions to combine treasury management with payment processing in one platform. The new offering targets UK businesses and connects Bacs, open banking, SWIFT, API, H2H, and EBICS payment rails. The company plans to sell the platform directly and through banks, accountants, and other intermediaries. The deal positions XFolio AI to serve SMEs and larger corporates that want unified cash management and payments operations.
Classifications
industries
Fintech & Banking
applications
AI & Machine learning
AskAI Classifications
Labels
Treasury Management Software
Fintech SaaS
Portfolio Management Software
Linked Companies
XFOLIO AI
$1M to $5M