Nexa Cards is in talks to acquire OX Agency, a company that builds artificial intelligence (AI)-powered identity verification solutions.

Nexa Cards is a global fintech firm focused on crypto-enabled and reloadable stored-value card products.

The potential deal supports Nexa Cards’ strategy to strengthen its core security, compliance, and identity capabilities.

By incorporating OX Agency’s facial recognition and AI-driven risk assessment tools, Nexa Cards intends to enhance onboarding, transaction monitoring, and overall platform security.

Nexa Cards’ management expects that bringing proprietary facial recognition and AI identity technology in-house will bolster fraud prevention, enhance regulatory adherence, and decrease dependence on external vendors.

If finalised, the acquisition is expected to boost operational efficiency and reinforce Nexa Cards’ competitive position in regulated and enterprise-oriented markets.

Nexa Cards president Randy Waxman said: “As digital payments and crypto adoption continue to evolve, ownership of core identity and security technology is increasingly critical. This potential acquisition reflects our focus on building a secure, compliant, and scalable payments platform designed for long-term growth.”

The fintech runs a worldwide payments platform, providing both virtual and physical stored-value cards that convert crypto to fiat. These cards work across leading payment networks.

Current discussions remain subject to standard due diligence, the signing of definitive agreements, and all necessary regulatory approvals.

The company stated that a deal may not happen and, if it does, its final structure and terms are uncertain.

Alongside its platform growth, Nexa Cards is moving through Phase 2 of its ongoing presale.

The effort funds continued build-out of card infrastructure, security upgrades, and global user onboarding.

The presale is intended to strengthen the platform’s operational base rather than serve as a short-term capital raise.