CHARLOTTE – Bank of America on Friday disclosed its acquisition of Axia Technologies, a California-based fintech startup focused on secure patient payments.
“We are adding a talented team that brings great domain expertise and technology, and we’re excited to have them join Bank of America,” said Mark Monaco, head of enterprise payments at Bank of America. “We have a shared vision of providing clients with the best technology to meet their payment needs. Working together, we can leverage our joint expertise and capabilities to deliver a comprehensive range of payment and settlement solutions to our healthcare clients and their patients.”
Axia launched in 2015.
Terms of the deal were not disclosed.