Basware has signed a binding agreement to acquire Trustpair, extending its Invoice Lifecycle Management platform into payment fraud prevention.
This strategic acquisition delivers the market’s first end-to-end invoice lifecycle assurance platform. Furthermore, it connects Basware invoice approval with Trustpair payment validation. Global organizations currently lose roughly 8% of revenue each year to corporate fraud schemes. Criminals are using generative artificial intelligence to impersonate trusted suppliers and increase the sophistication of scams. Seventy-five percent of anti-fraud professionals have seen a rise in generative AI document fraud and forgery in the last two years, according to the Association of Certified Fraud Examiners. But just 7% said their organizations are more than moderately prepared to detect or prevent AI-powered fraud. Moreover, instant payment rails give finance teams far less time to recover lost corporate funds.
Meanwhile, regulators in the United States, United Kingdom, and Europe are demanding that companies tighten their payment controls. For example, Nacha changed rules requiring companies that use ACH transfers to take action to block unauthorized payments. Trustpair integrates smoothly across major ERP systems including SAP, Oracle, Coupa, Zycus, Ivalua, Jaggaer, and Kyriba. Following completion, Trustpair will operate independently as a dedicated Basware subsidiary while maintaining its open ecosystem.
Consequently, combining capabilities advances the concept of the perfect invoice: complete, authentic, and fully validated.
Baptiste Collot, Co-founder and CEO at Trustpair, welcomed the proposed acquisition:
“Trustpair was built around a simple belief: approving the right invoice is not enough if the money ultimately reaches the wrong account. By bringing our capabilities together, we see the opportunity to give finance teams stronger protection across the full journey, from supplier onboarding and invoice approval through payment. Trustpair will continue to operate with the same team, platform and commitment to our customers and partners across the finance environments they already use. Basware’s reach and resources will help us accelerate beyond what we could have achieved alone.”
Jason Kurtz, CEO at Basware, commented on the proposed acquisition:
“AI may be the most powerful productivity tool of our generation. Unfortunately, it is also becoming one of the most powerful tools ever placed in the hands of criminals. A finance team can do everything right on the invoice and still send the money to the wrong bank account. Basware has spent more than 40 years protecting the invoice. Bringing Basware and Trustpair together extends that protection through the payment itself. Together, we will offer the first end-to-end invoice-to-payment assurance in the market, strengthening Financial Integrity and Continuous Compliance across the invoice lifecycle.”
Expanding Risk Protection Across Global Enterprise Networks
As a Nacha Preferred Partner, Trustpair verifies bank accounts during onboarding, record updates, and payment releases. Joining forces allows Trustpair to utilize shared intelligence from 2.5 billion invoices and 20 million suppliers. Therefore, the unit significantly enhances risk validation models across expanding international business networks.
Kevin Permenter, Research Director at IDC, a leader in technology intelligence and research, added:
“The combination of Basware and Trustpair brings together complementary capabilities that address a growing gap in finance: protecting the invoice lifecycle from supplier onboarding through payment. As AI makes fraud more sophisticated and traditional validation harder to rely on, uniting these datasets enables a more contextual, proactive layer of risk assurance. It’s a logical strategic fit and a timely move into an area of the market that remains underserved.”
Additionally, this deal builds on previous Basware acquisitions of Glantus, AP Matching, and Redmap. Basware operates under the financial backing of global technology investment firm Accel-KKR. The transaction will officially close later in 2026. Institutional investors Axeleo Capital, Breega, and Tikehau Capital will continue supporting Trustpair through its next phase.
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News Source: Businesswire.com
