Convera, a leading non-bank provider of B2B cross border payments and currency exchange, has officially completed the acquisition of its European business. The announcement marked the end of the transition from Western Union Business Solutions and followed the company’s 2021 acquisition by private equity firms Goldfinch Partners LLC and The Baupost Group, LLC.
“We are delighted to formally complete this transition and incorporate all our European business into Convera. The past two years have seen Convera transform substantially, building on the legacy of Western Union Business Solutions while positioning the company for growth in the digital age. We look forward to continuing this transformation, through innovation and new partnerships with our customers globally,” said Convera CEO, Patrick Gauthier.
Convera leverages decades of industry expertise and technology-led payment solutions to help 30,000+ customers around the world succeed in global commerce – helping them capture more value with every transaction. Reporting over half a billion in annual revenue, Convera continues to deliver record results with 2023 on track to outpace last year’s performance.
With this final close, the company will focus on its planned investments to transform international payment solutions in the years to come.
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