Basware agrees to buy Trustpair to fight payment fraud

Basware has signed a binding agreement to buy Trustpair. Basware makes software that handles business invoices. Trustpair makes technology that helps companies catch payment fraud before money goes out. The deal puts the two together, so invoice handling and fraud checks could sit in one place.

What changed

Basware is backed by the investor Accel-KKR. Its platform manages an invoice from the moment it arrives until it is paid. Trustpair focuses on one risky step in that chain: making sure a payment is going where it should. A binding agreement means both sides have formally committed to the purchase.

Who it affects

The clearest group is any business that pays invoices, especially through Basware's software. Payment fraud often works by tricking a company into sending money to the wrong account. Checks built into the invoice process could make those tricks harder to pull off. Small businesses that do not use Basware are not directly touched by this deal.

What is not known yet

• The price of the deal was not given in the material available.
• No closing date was shared.
• It is unclear how and when the fraud checks will show up inside Basware's product.
• Pricing and plans for customers have not been described.

What happens next

The next step is for the deal to close. After that, Basware and Trustpair customers should learn how the two products will work together. Anyone who uses either company's software may want to watch for updates from their provider.