Fundz

KORT Payments to Acquire AptPay for Growth

PRIVATEOct 19, 2026

Acquiring Company

KORT Payments

Acquired Company

AptPay and ILIXIUM

TorontoTorontoFinancial ServicesPaymentsE CommerceFintechFinancial ServicesPaymentsE CommerceFintechLending

Description

KORT Payments has announced its acquisition of AptPay Inc., a payments technology company specializing in real-time payments and payment orchestration. This acquisition will expand KORT's services to enhance account-to-account payments and disbursements. AptPay will operate as a division of KORT, continuing to serve its customers under its brand. The transaction is expected to close in Q4 2026.

Quick answer

KORT Payments is acquiring AptPay and ILIXIUM, announced October 19, 2026. KORT Payments is based in Toronto, Ontario, Canada.

How much did KORT Payments pay for AptPay and ILIXIUM?
The deal value was not disclosed.
What does KORT Payments do?
KORT Payments is a specialized omnichannel payments platform.
Where are KORT Payments and AptPay and ILIXIUM based?
KORT Payments is based in Toronto, Ontario, Canada. AptPay and ILIXIUM is based in Toronto, Ontario, Canada.
Who are the decision-makers at KORT Payments?
Fundz holds 1 contact at KORT Payments. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

KORT Payments

Location

Toronto, Ontario, Canada

About

KORT Payments is a specialized omnichannel payments platform. Its core purpose is to enable businesses to connect and transact seamlessly through industry-leading capabilities in compliance, risk management, and payment processing. KORT is powered by our innovative full-stack, enterprise-grade platform and led by a seasoned management team. For more than 200 years collectively, this team has been leading the charge in global e-commerce and payment processing. We are a customer-focused business dedicated to enhancing partner and customer satisfaction and building strong relationships. We partner with our customers to pair our risk tolerance with their unique processing needs.

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Frequently asked

Who acquired AptPay and ILIXIUM?

AptPay and ILIXIUM was acquired by KORT Payments, based in Toronto. The deal was reported on October 19, 2026. KORT Payments is a specialized omnichannel payments platform. KORT Payments is privately held and operates in Financial Services.

When did KORT Payments acquire AptPay and ILIXIUM?

KORT Payments's acquisition of AptPay and ILIXIUM was reported on October 19, 2026. KORT Payments has announced its acquisition of AptPay Inc., a payments technology company specializing in real-time payments and payment orchestration. This acquisition will expand KORT's services to enhance account-to-account payments and disbursements. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does AptPay and ILIXIUM do?

AptPay is a global leader in payments technology, while ILIXIUM is a world-class provider of online payment services. It is privately held, operating in Financial Services, and is based in Toronto.

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