- Basware has agreed to acquire payment fraud prevention company Trustpair, with the transaction expected to close later in 2026.
- The acquisition will extend Basware’s invoice lifecycle assurance through payment, combining its AP automation capabilities with Trustpair’s AI-driven account validation and payment fraud prevention.
- The deal reflects the convergence of AP automation, payments, and fraud prevention as AI-driven fraud increases demand for end-to-end transaction security.
Enterprise payment solutions company Basware announced it has agreed to acquire payment fraud prevention company Trustpair this week for an undisclosed amount. The transaction is expected to be completed later in 2026.
Basware, provider of AP automation, e-invoicing, and compliance tools, anticipates that Trustpair’s fraud prevention tools will enhance its invoice lifecycle management tools by delivering invoice lifecycle assurance that covers the entire transaction. Basware will use its tools to confirm that an invoice is legitimate and approved, while Trustpair will confirm that the payment reaches the intended supplier.
Trustpair was founded in 2017 to secure enterprise payments using its AI-driven risk intelligence. Today, the South Carolina-based company serves more than 600 organizations by automating manual account validation to serve as a centralized, strategic layer of payment security.
“Trustpair was built around a simple belief: approving the right invoice is not enough if the money ultimately reaches the wrong account,” said Trustpair Co-Founder and CEO Baptiste Collot. “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.”
Once the acquisition is finalized, Trustpair will leverage Basware’s intelligence spanning 2.5 billion invoices and 20 million suppliers to strengthen its validation models and gain a faster route to a wider customer base.
Founded in 1985, Basware’s invoice lifecycle management platform offers governed autonomy, continuous compliance, financial integrity, and enterprise control. By governing the entire AP process end-to-end across every country, and every ERP, Basware helps enterprises automate accounts payable while maintaining the controls needed to ensure invoices are legitimate, compliant, and accurately processed. Basware counts more than 6,500 customers worldwide, including DHL, Heineken, and NBC Universal Media.
“AI may be the most powerful productivity tool of our generation,” said Basware CEO Jason Kurtz. “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.”
As AI tools proliferate, AP automation tools are expanding to better manage financial risk across the transaction lifecycle. AI is making payment fraud increasingly sophisticated, which means that validating and approving an invoice is no longer sufficient to ensure a legitimate transaction. Embedding payment validation into AP workflows gives platforms like Basware an opportunity to move beyond automating financial processes to protecting the movement of money itself. For fintechs, the shift could further blur the lines between AP automation, payments, and fraud prevention as businesses look for platforms that can manage and secure a transaction from invoice through payment.
Photo by Kindel Media
