Medius Acquires Invoice Payments Firm OnPay

Spend management and eProcurement software company Medius has acquired invoice payments provider OnPay Solutions.

“The deal will enable Medius to integrate payment processing — AP automation’s ‘last mile’ — directly into its source-to-pay platform, enhancing its customers’ operational efficiency and strengthening their anomaly, fraud and risk detection capabilities,” the Swedish company said Tuesday (March 29) in a news release emailed to PYMNTS.

The amount of the transaction was not disclosed.

Founded in 2009, OnPay helps clients streamline AP (accounts payable) processes and lower costs by automating invoice payments. According to the release, the Florida company provides ‘no touch’ virtual card, ACH, check and wire payments to more than 400 clients.

Medius said the acquisition strengthens its ability to automate payment processing through its platform along with payment partners such as Nomentia, Transfermate and Corpay. In addition, the company said its clients will get a more efficient payment system that offers improved anomaly, fraud and risk detection.

“Payment processing is the last mile in AP automation,” said Medius CEO Jim Lucier. “Enhancing our end-to-end solution that automates the process of receiving, handling, approving and paying an invoice, as well as onboarding and managing vendors, requires best-in-class technology and deep domain expertise at each stage of the journey.”

The company said the deal expands Medius’ footprint in the domestic U.S. market by adding OnPay’s team of 35 permanent staff. Lucier said the company plans to open its first U.S.-based office in OnPay’s hometown of Jacksonville, Florida.

Read more: Medius Extends Global Payment Capabilities With Nomentia Partnership

Medius began the month with another announcement, as it launched a partnership with cash and treasury management company Nomentia.

The companies said the partnership allows Medius’ Nordic customers to respond swiftly to in-market developments, such as the P27 initiative, which aims to create a single pan-Nordic payment infrastructure for the 27 million people living in the region.