B2B payments FinTech Bottomline has acquired accounts payable software company Nexus Systems.
In Brief:
Bottomline provides FinTech that makes business payments secure and simple.
Its Paymode-X payments network processes payments on behalf of over 500,000 businesses.
Nexus Systems offers accounts payable and payments automation software for the property industry.
What does this mean?
Bottomline will add the capabilities from Nexus (as well as its customers and suppliers) to the Paymode-X network, saying it “deepens” capabilities since Nexus has expertise specifically in commercial real estate transactions, while Bottomline can add the scale and distribution power.
