Ixaris Solutions Limited
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Ixaris Solutions Limited - overview
Established
2002
Location
London, -, UK
Primary Industry
Financial Services
About
Based in the UK, Ixaris Solutions Limited specializes in payment solutions, providing financial services that enhance transaction efficiency for businesses, particularly in the travel sector. Ixaris Solutions Limited, founded in 2002, is headquartered in London, UK. The company focuses on payment solutions and virtual card issuance. It was acquired by NIUM Pte.
Ltd. in June 2021, which aimed to enhance its payments infrastructure and support geographic expansion. The founder's history and previous ventures are not publicly available. Since its inception, Ixaris has been part of 5 deals, raising a total of USD 6.
00 mn, with the latest funding round in June 2021. Ixaris Solutions Limited offers a suite of financial products tailored to facilitate global payments, primarily for online travel agencies (OTAs) and institutional clients. Its offerings include Nium Virtual Cards, which provide secure, real-time payment options, as well as multi-currency accounts and global card issuance. This range of services supports clients in managing payments effectively while minimizing transaction complexities and foreign exchange costs across 100 markets, including Europe, Asia-Pacific, and North America.
In the most recent year, 2022, Ixaris Solutions Limited generated revenue of USD 104. 06 mn, with an EBITDA of USD 10. 91 mn. The company earns revenue primarily through transaction fees related to its payment services, including virtual card transactions and foreign exchange services, while also exploring subscription-based pricing models for API access.
Following its acquisition by NIUM Pte. Ltd. in June 2021, Ixaris Solutions Limited plans to leverage new funding to enhance its product offerings and expand its geographic reach. The company is focused on developing additional virtual card features and aims to penetrate new markets in Asia and North America by the end of 2023, supported by its strategic access to a comprehensive payments infrastructure.
Current Investors
Visa Inc., NIUM Pte. Ltd., Oxford Technology Management
Primary Industry
Financial Services
Sub Industries
e-Financial, Accounting/Finance Software
Website
www.ixaris.com
Verticals
FinTech, FinTech
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Ixaris Solutions Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Ixaris Solutions Limited | - | ||||||||
| Growth | Completed | Ixaris Solutions Limited | - |
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