TreviPay Acquires Payment Platform Apruve

TreviPay, a leader in global B2B payments and invoicing solutions, announced the signing of a definitive agreement to acquire payment platform Apruve. Apruve offers a robust suite of payment solutions for global enterprises that will complement and expand on TreviPay's existing order-to-cash technology offerings, merchant invoicing solutions, and the geographical reach of TreviPay's existing B2B networks.

This acquisition builds on TreviPay's recent purchase of Baton Financial Services.

"TreviPay provides payment and invoicing solutions for a number of leading manufacturers and OEMs; the acquisition of Apruve will accelerate our advancement in the technology manufacturing vertical and expand our geographic reach into key Asian markets," said Brandon Spear, CEO of TreviPay. "In Apruve, we have found a team that approaches the market in a likeminded way and shares our vision of simplifying the way B2B suppliers get paid. We anticipate a seamless transition as Apruve brings their customers to TreviPay, and as we continue to provide innovative ways for B2B customers to buy more with invoice-based purchasing."

"We are thrilled to join TreviPay, a global leader in optimizing order-to-cash processes," said Michael Noble, CEO of Apruve. "Our teams have tremendous synergies and will more efficiently go to market together in the technology manufacturing vertical."

All Apruve personnel will be retained and Apruve clients can expect uninterrupted service from the same teams. The financial terms of the transaction will remain confidential.
(Source: Finextra)