Accel-KKR-backed Basware to acquire Trustpair
- The deal combines invoice verification with payment-destination checks for full invoice-to-payment assurance
- Trustpair will keep operating independently under its own brand and existing systems
- The acquisition builds on Basware’s 2023–2025 buys of Glantus, AP Matching and Redmap
Accel-KKR-backed Basware has signed a binding agreement to acquire Trustpair, in a deal pairing Basware’s invoice lifecycle management platform with Trustpair’s payment fraud prevention technology. The combination is designed to give customers invoice-to-payment assurance covering both invoice legitimacy and confirmation that payments reach the intended supplier.
Trustpair, founded in 2017 and a Nacha Preferred Partner, validates that supplier bank account details are legitimate at onboarding, when account information changes, and before payments are authorized. The company serves customers running SAP, Oracle, Coupa, Zycus, Ivalua, Jaggaer and Kyriba systems.
The push comes as businesses lose an estimated 8 percent of revenue to fraud each year, with generative AI making it cheaper to impersonate suppliers, the companies said. The Association of Certified Fraud Examiners found that 75 percent of anti-fraud professionals reported a rise in generative AI-driven document fraud over the past two years, while just seven percent said their organizations are more than moderately prepared to detect or prevent it.
Trustpair will continue to operate and go to market independently as a Basware company once the deal closes, with customers keeping their existing providers and systems. Trustpair’s investors, including Axeleo Capital, Breega and Tikehau Capital, will continue to support the company.
Basware, which describes itself as the market leader in invoice lifecycle management, will fold Trustpair’s fraud-prevention capabilities into its existing platform. The deal builds on Basware’s 2023–2025 acquisitions of Glantus, AP Matching and Redmap.
The transaction is expected to complete later in 2026.
Editor’s note: This news brief was produced with the assistance of artificial intelligence.
