XFolio AI, a Paris-based treasury and cash management technology group, has acquired Absolute Payment Solutions in a deal aimed at transforming how UK corporates manage payments and treasury operations.
Absolute Payment Solutions, known as APS, is one of a select number of Pay.UK-accredited Bacs service providers operating in the United Kingdom.
The acquisition creates an integrated platform spanning Bacs and all payment types, open banking, risk management, and treasury, giving UK corporates of all sizes tools to manage cash and execute payments in one place.
APS’s Bacs accreditation underpins payment services relied upon daily by organisations across both the public and private sectors.
Clients range from SMEs running payroll and direct debit collections to large corporates processing high-volume payment flows across multiple channels.
The combined platform will connect accredited Bacs infrastructure with advanced treasury intelligence across SWIFT, API, H2H, and EBICS rails, without the enterprise price tag or capability compromises typical of larger solutions.
The combined offering will be brought to market directly and through a growing partner and financial institution channel, with banks, accountants, and intermediaries identified as key distribution routes.
Dyfan Williams, joining as GM and Group Operating Partner, said: “Payments simplified, treasury unified is what this combination delivers. Bacs accreditation gives us the credibility and infrastructure to serve customers at every scale, and XFolio brings AI-driven forecasting, risk management, and multi-rail payment connectivity to complete the picture.”
Williams added that the proposition also holds clear appeal for the partner community, noting it offers “a compelling way to add real value to their client relationships” for financial institutions working alongside the platform.
Anis Rahal, founder of XFolio AI, said the acquisition reflects a broader strategic direction combining organic growth with targeted deals backed by institutional investors.
Rahal said: “The UK payments market has been underserved by solutions that genuinely connect treasury and payments, and we are building the platform and partner network to change that.”
Financial terms of the transaction were not disclosed by either party.