Sells accounts-payable automation and spend management software to mid-market and enterprise companies, not a banking product; its embedded payments run through each customer's own bank accounts, so banks meet Medius as the receiving end of client payment files or as one more corporate buyer of AP software.
What is Medius, and which banks use it?
Medius, founded in Stockholm in 2001, sells AI accounts-payable automation and embedded supplier payments to companies; it is majority owned by Marlin Equity Partners, with Advent International as a minority investor, and Bloomberg reported in October 2025 that Marlin was weighing a sale at about $2 billion. None of our 100 banks is publicly named as a Medius customer. Pricing is not published: medius.com lists two packages, AP Essentials and AP 360, and quotes each customer.
Category
Founded
2001
Headquarters
Stockholm, Sweden (US headquarters in Jacksonville, Florida)
Ownership
Private; majority owned by Marlin Equity Partners, with Advent International holding a minority stake bought in March 2022 on undisclosed terms. Bloomberg reported in October 2025 that Marlin was weighing a sale that could value Medius at about $2 billion; no deal has been announced.[2][1][3]
Deployment
SaaS (cloud; AI features run in private Azure AI Foundry environments)
Pricing
Subscription in two AP Automation packages (AP Essentials, AP 360) quoted per customer; professional services billed by the hour · not published
Banks among the 120
0
- Medius sells AP automation to companies, not to banks as a banking product; its Medius Payments module routes supplier payments through the customer's existing bank accounts rather than holding funds itself (June 2025 launch release).
- Medius says it has more than 4,000 customers in 116 countries and processes $300 billion of annual spend through its system (vendor-reported, June 2026), up from $200 billion cited in its June 2025 release.
- Marlin Equity Partners is the majority owner; Advent International bought a minority stake in March 2022. Bloomberg reported on October 7, 2025 that Marlin was weighing a sale valuing Medius at about $2 billion, with Evercore advising; no deal has been announced.
- Its payments reach banks through partners and acquisitions: Nomentia's library of 200+ bank connections in Europe, the 40 banking integrations OnPay Solutions brought in 2022, Bottomline's Paymode network (2024) and Adyen's card-issuing infrastructure for European expense cards (2026).
- AI features include Medius Copilot and Supplier Conversations (launched June 2024); Medius says Copilot is deployed across 406 customers with 3,300+ users and runs through an LLM gateway in private Azure AI Foundry environments (vendor-reported).
- Gartner positioned Medius as a Leader in its June 2026 Magic Quadrant for Accounts Payable Applications, per Medius's own release.
- No bank among our 100 is publicly named as a Medius customer or payments partner in the sources reviewed.
What does Medius sell to banks?
| Product | What it does | Status |
|---|---|---|
| Medius AP Automation (AP Essentials, AP 360)[16][13] | Invoice capture (Medius Capture), multi-way PO matching, prepayments, recurring invoices and analytics; AP 360 adds Copilot, Supplier Conversations, Fraud & Risk Detection and a supplier portal. | Generally available |
| Medius Copilot and Medius Supplier Conversations[7][19] | Copilot answers invoice approvers' questions in natural language inside the approval flow; Supplier Conversations replies to supplier payment queries by email from invoice and payment history. Launched June 27, 2024. | Generally available |
| Medius Fraud & Risk Detection[16][18] | Risk indicators that flag suspicious invoices and payments inside the AP and payments workflow; included in the AP 360 package. | Generally available |
| Medius Payments[10][18][20] | Embedded payment execution (Straight Through Payments) for ACH, wire, checks, US virtual cards and European schemes (SEPA, BACS, CHAPS, BankGiro), routed through the customer's own bank accounts; Europe delivered with Nomentia. Launched June 24, 2025, building on Medius Pay. | Generally available |
| Expensya by Medius corporate expense cards[12] | Corporate expense cards on Adyen's issuing infrastructure with up to 0.5% cashback, announced February 2026 for EU and UK launch in Q1 2026 and US expansion later in the year. | Announced |
| Medius Contracts[15] | AI contract intelligence that reads contracts in any format, extracts terms, obligations and pricing, and links them to purchase orders and invoices; launched October 20, 2026. | Generally available |
| Sourcing and procurement (from Wax Digital)[4] | Sourcing, contracting and purchase-order tools added through the November 2019 Wax Digital acquisition, making Medius a source-to-pay suite. | Generally available |
How much does Medius cost?
How it is charged: Subscription in two AP Automation packages (AP Essentials, AP 360) quoted per customer; professional services billed by the hour.
| Product | Plan | List price | Unit | Checked |
|---|---|---|---|---|
| Medius Professional Services (implementation and support consulting, not the AP software) | Project manager / consultant[17] | EUR 175 | per hour, excluding VAT (Medius 2024 EUR price list) | Nov 2, 2026 |
Pricing is not published for the software; medius.com/pricing lists the features of its two AP Automation packages and asks buyers to contact Medius for a custom quote. The only published figure is the hourly professional-services rate in Medius's 2024 EUR price list, which covers implementation work, not the subscription. US virtual-card rebates under Medius Payments depend on third-party issuer arrangements, per Medius's May 2026 card addendum.
Which banks use Medius?
None of the 120 largest US banks covered on this site is publicly named as a Medius customer as of Nov 3, 2026. Customers the company names are listed in the key points above.
Among the 120 largest US banks on this site, from sources that name the bank: the bank, Medius or the press. Status is the furthest stage a source confirms.
What is Medius AP Automation (AP Essentials and AP 360 packages)?
Cloud AP automation that captures, matches, codes and routes supplier invoices for approval, with AP 360 adding Medius Copilot, Supplier Conversations, Fraud & Risk Detection and a supplier portal; Medius says its AI is trained on over $400 billion of annual transaction data.[16][13]
What has Medius done, and when?
- Oct 20, 2026
Launches Medius Contracts[15]
Medius launched Medius Contracts, an AI contract-intelligence tool that extracts terms and pricing from contracts and links them to purchase orders and invoices.
- Jun 23, 2026
Named a Leader in Gartner's AP Magic Quadrant[13]
Medius said Gartner positioned it as a Leader in the June 18, 2026 Magic Quadrant for Accounts Payable Applications, and reported more than 4,000 customers in 116 countries.
- Feb 17, 2026
Partners with Adyen on corporate expense cards[12]
Medius announced corporate expense cards for Expensya by Medius on Adyen's infrastructure, with up to 0.5% cashback, for EU and UK launch in Q1 2026.
- Jan 15, 2026
Microsoft certified-software designation for Financial Services AI[11]
Medius earned Microsoft's Solutions Partner with certified software designation for Financial Services AI, which Microsoft says recognizes interoperability with its cloud, not an endorsement.
- Oct 7, 2025
Marlin reported to weigh a $2 billion sale[3]
Bloomberg reported that Marlin Equity Partners was considering selling Medius at a valuation of about $2 billion, working with Evercore on a process that could start in early 2026.
- Jun 24, 2025
Launches Medius Payments[10]
Medius launched Medius Payments with Straight Through Payments, building and executing payment batches inside Medius and routing them through customers' existing bank accounts.
- May 12, 2025
Gary Hall named Chief Product Officer[9]
Medius appointed Gary Hall, previously chief product officer at working-capital provider GSCF, to lead its product strategy.
- Sep 17, 2024
Embeds Bottomline's Paymode network[8]
Medius added Bottomline's Paymode business payments network, with more than 550,000 vendors accepting digital payments, alongside its own virtual card functionality.
- Jun 27, 2024
Launches Medius Copilot and Supplier Conversations[7]
Medius launched two AI tools: Copilot, which answers invoice approvers' questions, and Supplier Conversations, which replies to supplier queries automatically.
- Jul 25, 2023
Completes Expensya acquisition[6]
Medius completed its purchase of Tunisian expense-management company Expensya, adding employee spend management and payment cards.
- Mar 29, 2022
Acquires OnPay Solutions for payments[5]
Medius bought Jacksonville-based OnPay Solutions, an invoice payments provider with more than 400 customers, a network of 360,000 vendors and 40 banking integrations, to build payment execution into its platform.
- Mar 16, 2022
Advent International takes a minority stake[1]
Advent International acquired a minority stake on undisclosed terms; Marlin Equity Partners remained majority shareholder, and Advent director Douglas Hallstrom joined the board.
- Nov 20, 2019
Acquires Wax Digital[4]
Medius bought UK procurement software firm Wax Digital, turning its AP-focused product into a full source-to-pay suite.
- Jan 1, 2001
Medius founded in Stockholm[1]
Medius was founded in Stockholm in 2001; by March 2022 it had more than 500 employees in AP automation, payments, sourcing and procurement.
What do banks use Medius for?
| Use | What it does | Status | Use case |
|---|---|---|---|
| Invoice and payment fraud checks in a company's own AP[16][18] | Risk indicators that flag suspicious invoices, supplier changes and payments before they are released; available to any buyer, but no tracked bank has disclosed using it for its own payables. | In production | Fraud detection |
| AI assistants for approvers and supplier queries[7][19] | Medius Copilot answers approvers' invoice questions and Supplier Conversations drafts replies to supplier emails; Medius reports Copilot in use at 406 customers. | In production | Generative & agentic AI |
| Supplier onboarding and bank-detail collection[18] | Medius runs vendor enrollment campaigns and a portal where suppliers submit and secure their banking instructions for ACH and wire payments. | In production | Third-party & vendor AI |
| Regional processing of AI features[19] | Medius says Copilot interactions run through its LLM gateway in private Azure AI Foundry environments, with customer data kept in its intended region and not shared with third-party model providers. | In production | Data & privacy |
What has Medius disclosed in numbers?
| Metric | Value | As of |
|---|---|---|
| Customers and annual spend processed (vendor-reported) | More than 4,000 customers in 116 countries; $300 billion of annual spend[13] | Jun 23, 2026 |
| Reported sale valuation (Bloomberg, unconfirmed) | About $2 billion, if Marlin Equity Partners sells[3] | Oct 7, 2025 |
| Medius Copilot adoption (vendor-reported) | Deployed across 406 customers, 3,300+ unique users[19] | Nov 2, 2026 |
| OnPay Solutions at acquisition | More than 400 customers, 360,000 vendors and 40 banking integrations[5] | Mar 29, 2022 |
| Employees | More than 500[1] | Mar 16, 2022 |
| Corporate expense card cashback (Adyen partnership) | Up to 0.5% of card spend, credited monthly[12] | Feb 17, 2026 |
“Finance teams don’t need more tools. They need fewer, smarter ones,”[10]
Gary Hall · Chief Product Officer, Medius · Jun 24, 2025
“Payment processing is the last mile in AP automation,”[5]
Jim Lucier · CEO, Medius · Mar 29, 2022
Who runs Medius?
Which rules apply to a bank using Medius?
| Authority | Why it matters here | Documents |
|---|---|---|
| OCC | A bank that buys Medius for its own payables hands it supplier master data, bank-account details and payment instructions, a third-party relationship OCC Bulletin 2023-17 expects it to diligence and monitor; Medius's fraud-risk indicators and invoice-coding models are vendor models under OCC Bulletin 2026-13. | OCC Bulletin 2023-17 OCC Bulletin 2026-13 |
| Federal Reserve | Machine-learning invoice coding and fraud flags that decide which payments are released are models a bank would inventory and validate under SR 26-2; the generative Copilot and Supplier Conversations fall to the bank's broader risk management, since SR 26-2 leaves generative and agentic AI outside its scope. | SR 26-2 |
| NY DFS | For a New York-regulated bank, Medius would be a third-party service provider holding nonpublic information such as supplier bank details, so Part 500's third-party security policy, access-control and multi-factor authentication requirements apply to the relationship. | 23 NYCRR Part 500 |
| EU AI Act | Medius is a Swedish vendor selling AI features in the EU; invoice coding and AP fraud flags are not among the Act's listed high-risk uses such as creditworthiness assessment, so a European bank deploying Medius mainly weighs the Act's general duties rather than high-risk obligations. | Regulation (EU) 2024/1689 |
Linked authorities have a page in the Regulation tracker; the others are named for completeness.
What should a bank note before buying Medius?
Analysis by BankingNewsAI from the sources cited on this page. Observations, not advice or a recommendation.
01
Medius is a corporate AP tool, not a bank product
Its buyers are finance teams at companies; a bank evaluates it either for its own accounts payable or as the bank receiving the payment files Medius Payments sends from a client's account.
02
No bank among our 100 is a named customer
Medius's public case studies and releases name retailers, manufacturers and service firms; none of the sources reviewed names one of the 100 banks we track as a customer or payments partner.
03
Pricing is not published
The pricing page shows package contents for AP Essentials and AP 360 but no prices; only the hourly professional-services rate is published, so subscription costs depend on a quote.
04
Ownership may change
Bloomberg reported in October 2025 that Marlin Equity Partners was weighing a sale at about $2 billion; a new owner could change product or pricing direction, and no deal has been announced.
05
Scale and AI adoption figures are vendor-reported
Customer counts, annual spend processed ($200 billion in June 2025, $300 billion in June 2026) and Copilot adoption come from Medius's own releases and product pages and are not independently audited.
06
Payments depend on partners
Bank connectivity in Europe comes from Nomentia, card issuing for expense cards from Adyen and US virtual-card rebates from an unnamed third-party issuer, so due diligence covers those providers as well.
What are the alternatives to Medius?
Ocrolus
Classifies, extracts and checks lending documents (bank statements, pay stubs, tax forms) and returns cash-flow and income analytics.
Abrigo
Lending, loan review, CECL and AML software for US community and regional banks, with generative and agentic AI assistants added since 2025.
Blend
Origination software for mortgages, home equity, consumer loans and deposit accounts; its Autopilot AI agent reviews borrower documents.
Covecta
Agentic AI for banks and lenders: pre-built agents that read documents, draft credit memos and run loan and deposit operations checks.
Snapdocs
Digital mortgage closing platform (eClosing, eVault, notary network) with AI quality control of closing and funding documents.
Vanilla
Estate planning platform for wealth advisors and trust companies that reads and summarizes wills and trusts with AI, citing the source page.
How much does Medius cost?
Medius does not publish software prices. Its pricing page lists two AP Automation packages, AP Essentials and AP 360 (which adds Copilot, Supplier Conversations, Fraud & Risk Detection and a supplier portal), and asks buyers to contact Medius for a custom quote. The only figure it publishes is an hourly professional-services rate of EUR 175 for a project manager or consultant in its 2024 EUR price list, which covers implementation work rather than the subscription.
Which banks use Medius?
None of the 100 banks we track is publicly named as a Medius customer. Medius sells accounts-payable automation to companies, and its case studies name retailers, manufacturers and service firms. Banks appear in Medius's model mainly as the institutions holding its customers' accounts: Medius Payments routes supplier payments through each customer's existing bank accounts, using Nomentia's bank connections in Europe and banking integrations from its 2022 OnPay acquisition in the US.
Who owns Medius?
Medius is privately held. Marlin Equity Partners is its majority owner, and Advent International bought a minority stake in March 2022 on undisclosed terms. Medius's January 2026 policy statement still describes it as majority owned by Marlin. Bloomberg reported in October 2025 that Marlin was weighing a sale that could value Medius at about $2 billion, working with Evercore; no sale has been announced.
How do Medius embedded payments work?
Medius Payments, launched in June 2025, lets finance teams build and release payment batches inside Medius after invoices are approved, with ACH, wire, checks, US virtual cards and European schemes such as SEPA and BACS. Payments are routed through the customer's own bank accounts, so Medius does not hold the funds; wire files go to the customer's bank, and in Europe bank connectivity comes from partner Nomentia. Approval rules, fraud checks and audit trails sit in the same workflow.
Is Medius a bank or a payment provider?
No. Medius is a software company that sells accounts-payable automation and spend management to businesses. Its payments module sends instructions through each customer's existing bank accounts rather than holding customer funds, and its corporate expense cards run on Adyen's issuing infrastructure. A bank that buys Medius oversees it as a third-party technology vendor.
What AI does Medius use?
Medius uses machine learning to capture, code and match invoices and to flag invoice and payment risks. In June 2024 it launched Medius Copilot, which answers approvers' questions about invoices, and Supplier Conversations, which replies to supplier emails. Medius says Copilot runs through its LLM gateway in private Azure AI Foundry environments and is deployed across 406 customers; in October 2026 it added Medius Contracts for AI contract extraction.
- Advent International acquires a minority interest in Spend Management Leader Medius
- Modern Slavery and Human Trafficking Policy Statement (accounts ending 31 December 2025)
- Marlin Said to Weigh $2 Billion Sale of Swedish Tech Firm Medius
- Medius Acquires Wax Digital to Become the Leader in Cloud-based Source-to-Pay Solutions
- Medius Acquires US-Based OnPay Solutions to Strengthen 'Last Mile' Payment Automation
- Media Alert: Medius Completes Acquisition of Expense Management Firm Expensya
- Medius Unveils Two Groundbreaking AI Solutions to Revolutionize Accounts Payable Efficiency
- Medius Embeds Paymode, New Buyers Access to Bottomline's Business Payments Network
- Medius Appoints Gary Hall as Chief Product Officer to Drive Product Strategy
- Medius Launches Medius Payments to Fully Embed Payment Execution Into AP Automation
- Medius earns the Solutions Partner with certified software designation
- Medius Partners with Adyen to Launch Corporate Expense Cards and Cashback Rewards Across Europe
- Medius placed in 2026 Gartner Magic Quadrant for Accounts Payable Applications
- Medius Appoints Kevin Young as Chief Marketing Officer
- Medius Launches Medius Contracts to Connect Contract Intelligence with Business Spend
- AP Automation Pricing: How Much Does Medius AP Cost?
- Professional Services Pricelist 2024 (EUR)
- How does Medius Payments work?
- Medius Copilot: AI copilot for invoice approvers
- Payments - Virtual Card Program Addendum (US)
- Meet the Medius leadership team
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