Bilt acquires travel commissions platform Sion for $30M
Rewards and payments company Bilt has acquired commission management platform Sion in a $30 million deal. Sion's software helps travel advisors and agencies with commission reconciliation. Following the acquisition, Sion will continue to operate independently under co-founders Alfons Musry and Irving Betesh. Bilt founder and CEO Ankur Jain said the move extends Bilt's services to travel advisors and builds a network of the world's best travel advisors.
Impact and considerations
Bilt's acquisition of Sion strengthens its position in travel rewards, providing better commission management tools for advisors, potentially impacting the corporate travel payment ecosystem.
Key points
- Bilt acquires Sion for $30 million.
- Sion's software helps travel advisors with commission reconciliation.
- Sion will operate independently after acquisition.
Sources and time
- Primary source
- PhocusWire / Phocuswright
- Other sources
- 0
- First source publication
- 12 Mar 2026, 01:30
- Page published
- 15 Aug 2026, 08:10
- Last updated
- 12 Mar 2026, 01:30
- Original links
- PhocusWire All News：Bilt acquires travel commissions platform Sion for $30M | PhocusWire (opens in a new tab)Primary source · en · Published 12 Mar 2026, 01:30