Basware, an invoice lifecycle management vendor, said on October 5 that it has completed its acquisition of Trustpair, a payment fraud prevention platform. The deal follows the agreement the two companies announced in August.
What happened
According to Basware’s release, Trustpair will keep operating independently. It keeps its platform, customer relationships, contracts and support, and it will continue to expand integrations across ERP, treasury, procure-to-pay and payment platforms. Customers can deploy Trustpair whether or not they use Basware.
The release describes the logic in one example. An invoice can be authentic, accurate and properly approved while the supplier bank account attached to it is fraudulent. Basware validates the invoice. Trustpair checks that the supplier is genuine, that the bank account belongs to that supplier, and that the payment is going to the intended destination. Basware says it has more than 6,500 customers, and that its data spans 2.5 billion invoices and 20 million suppliers. Trustpair says it secures payments for more than 600 organisations.
Why it matters
The release says payment fraud increasingly targets supplier identities and bank details rather than the invoice itself. Account-level fraud controls are also a regulatory subject. The FCA’s survey, which we covered, found firms closed 238,396 suspected mule accounts in 2025. On the business side, payments are moving closer to the systems where invoices live, as in the BMO and Mastercard virtual card integration in ERP software. A bank-account check placed at the point of payment sits in the same spot.
Our read
This section is our analysis. The release says the companies see a longer-term opportunity to combine Basware’s invoice and supplier context with Trustpair’s fraud-specific intelligence to identify risk earlier and automate validation. It gives no product name or date for that combination. For now, the announced change is ownership and a promise of independence, so finance teams evaluating either product should ask what, if anything, will be built on the shared data and when.
Source: Basware via PR Newswire
