Articles from Convera

Convera, a global leader in commercial payments, is on site at Money 20/20 USA this week as industry leaders gather to power the future of payments, fintech and financial services. From sessions on the global stage to the unveiling of dynamic data, Convera spotlights its mission to reimagine the future of business payments on a global scale.

Convera Live, the international roadshow hosted by Convera, a global leader in commercial payments, is setting its sights for North America. This must-attend event for senior financial decision makers will feature industry experts and discussions around what’s shaping payments today including market insights, key factors driving volatility, and ways to navigate global commerce.

Convera, a global leader in commercial payments, today announced its partnership with Routable, the most efficient and flexible accounts payable platform. This integrated partnership will enable Routable to leverage Convera’s global network and expertise in foreign exchange and compliance to provide its customers with increased global reach, reliability, and competitive rates.

Convera, a global leader in commercial payments, today introduced its embedded payments solution for the education industry through its new partnership with Ascent One, the world’s first ecosystem purposely built for the education sector. This solution aims to simplify cross-border payments for education agents and international students, addressing a key challenge in the education industry. By integrating Convera’s embedded payments solution into their systems, education institutions can provide education agents and international students with a seamless online payment experience.

ADP, a leading global technology company providing human capital management (HCM) solutions, and Convera, a leading global B2B payments Fintech, today announced a collaboration to offer a comprehensive end-to-end payroll and payments solution to ADP clients.

Convera, a leading global B2B payments Fintech, today announced the company successfully completed the migration of its payments network and customer services to Amazon Web Services, Inc. (AWS). This allows for strong payment network resiliency, robust layers of security, and unparalleled scale.

Convera, a leading non-bank B2B fintech in global payments, today announced the completion of the acquisition of its European business, marking the end of the transition from Western Union Business Solutions and following the company’s 2021 acquisition by private equity firms Goldfinch Partners LLC and The Baupost Group, LLC.

The global services trade is set to rapidly increase in value in the next five years thanks to accelerated digitization and automation, according to a new report from Convera, the global B2B payments provider. The Future of Trade and B2B Payments Report estimates that the value of global services trade will grow by 44% from 2023 to 2028, reaching a value of $9.6 trillion in 2028.

Convera, the largest non-bank fintech in global B2B payments, today announces a record year of revenue, the transition of the UK business from Western Union to Convera, and the appointment of Kevin R. Johnson as a Board Observer and investor. Johnson’s decades of leadership scaling global organizations provides him with a unique perspective to advise Convera as it transforms into a modern, technology-led, global B2B payments organization, focused on innovation, value, and exceptional customer service.

Corporate foreign exchange strategies will be tested to new levels in 2023, due to continued pressure from rising interest rates, geopolitical tensions, and a worsening energy crisis, according to the new ‘Are You Ready for 2023?’ Report published today by Convera.

Patrick Gauthier, who most recently served as Head of Amazon Pay, was today announced as the future CEO of new standalone business-to-business (B2B) cross-border payments and foreign exchange solutions provider Convera. Upon closing of the recently announced acquisition of Western Union Business Solutions (WUBS) by Goldfinch Partners, LLC and The Baupost Group, LLC for $910 million, the business will be renamed Convera. Gauthier and a team of executives filling new roles in the independent company will join WUBS’s exceptional executive team, providing seamless consistency and continuity of leadership for customers, counterparties, and employees. Closing of the acquisition is subject to requisite works council and trade union consultations, regulatory approvals, and other customary closing conditions.