Basware Signs Agreement to Acquire Trustpair

PARIS--(BUSINESS WIRE)--Aug 26, 2026--

Trustpair's shareholders and Basware today announced that they have signed a binding agreement under which Basware is to acquire Trustpair, further extending Invoice Lifecycle Management into payment fraud prevention.

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The proposed acquisition will deliver the industry's first invoice lifecycle assurance covering the complete end-to-end transaction: Basware confirming an invoice is legitimate and approved, Trustpair confirming payment reaches the intended supplier.

It is estimated that organizations globally lose 8% of revenue each year to fraud, as AI makes it cheaper to impersonate a trusted supplier and run scams at scale. Even the best invoice controls can't always catch an altered bank account or a compromised email, and instant payments leave less time to catch a bad payment before the money is gone. According to the Association of Certified Fraud Examiners, 75% of anti-fraud professionals reported an increase in generative AI document fraud and forgery over the past two years, while only 7% said their organizations are more than moderately prepared to detect or prevent AI-powered fraud.

At the same time, regulators in the US, UK, and EU are placing greater responsibility on businesses to prevent fraudulent payments before funds are released. For example, Nacha, which governs US bank-to-bank payments, tightened its rules in 2026. Businesses paying suppliers via ACH must now have processes in place to catch payments that weren't authorized, such as those through business email compromise.

Trustpair works with customers running one or more ERP, procurement or treasury systems, including SAP, Oracle, Coupa, Zycus, Ivalua, Jaggaer and Kyriba. Following completion, Trustpair will continue to operate and go to market independently as a Basware company. Customers will not need to change providers or systems to benefit from Trustpair's continued protection. This open ecosystem will remain central to Trustpair’s strategy.

In parallel, Trustpair’s payment fraud prevention capabilities will extend Basware’s Invoice Lifecycle Management offering. This will give Basware customers a new level of invoice-to-payment assurance and advance the “Perfect Invoice”: every invoice complete and authentic, and every payment fully validated.

Baptiste Collot, Co-founder and CEO at Trustpair, welcomed the proposed acquisition:

“Trustpair was built around a simple belief: approving the right invoice is not enough if the money ultimately reaches the wrong account. 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.”

Jason Kurtz, CEO at Basware, commented on the proposed acquisition:

“AI may be the most powerful productivity tool of our generation. 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.”

Trustpair is a recognized leader in payment fraud prevention. Founded in 2017 and a Nacha Preferred Partner, Trustpair validates that the account belongs to the intended supplier at onboarding, when account details change and before payment is authorized.

By joining Basware, the market leader in Invoice Lifecycle Management, Trustpair will draw upon shared 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.

Kevin Permenter, Research Director at IDC, a leader in technology intelligence and research, added:

"The combination of Basware and Trustpair brings together complementary capabilities that address a growing gap in finance: protecting the invoice lifecycle from supplier onboarding through payment. As AI makes fraud more sophisticated and traditional validation harder to rely on, uniting these datasets enables a more contextual, proactive layer of risk assurance. It’s a logical strategic fit and a timely move into an area of the market that remains underserved."

The proposed acquisition will also build on Basware’s 2023–2025 acquisitions of Glantus, AP Matching, and Redmap. It will extend Basware’s Invoice Lifecycle Management, complementing the market-leading invoice fraud and duplicate-detection capabilities already built into the platform. Basware is backed by Accel-KKR, a global technology-focused investment firm.

The transaction is expected to complete later in 2026. Trustpair’s existing investors and shareholders, including Axeleo Capital, Breega and Tikehau Capital, will also continue to support the company’s next phase of growth.

Learn More

Basware and Trustpair will host a webinar on September 16 to discuss the acquisition, the strategic vision, and what customers can expect moving forward. Register here.

Forward-Looking Statements

This press release contains certain forward-looking statements with respect to the proposed acquisition, which is subject to customary closing conditions and may not be completed on the terms described, or at all.

About Trustpair

Trustpair is the global standard for enterprise payment fraud prevention, securing payments for over 600 world-leading organizations, including leading Fortune 500 companies. By embedding AI-driven risk intelligence directly into existing finance ecosystems, Trustpair automates manual account validation to become a centralized, strategic layer of payment security. With a global presence in New York City, Paris, and London, Trustpair empowers finance teams to outsmart sophisticated fraudsters at scale. The platform is SOC 2 Type II and ISO 27001 certified.

About Basware

Basware is the market leader in Invoice Lifecycle Management. One platform, four outcomes CFOs can rely on: Governed Autonomy, Continuous Compliance, Financial Integrity, Enterprise Control. Our platform governs your entire AP process end-to-end, across every country, every ERP, every supplier. Built on 40+ years of industry firsts and trusted by 6,500+ customers worldwide, including DHL, Heineken, and NBC Universal Media. With Basware, Now it all just happens.™With Basware, Now it all just happens.™

Basware Signs Agreement to Acquire Trustpair

Basware Signs Agreement to Acquire Trustpair

Basware Signs Agreement to Acquire Trustpair

COLOGNE, Germany--(BUSINESS WIRE)--Aug 26, 2026--

Xsolla, a leading global commerce company, today announced Durable Advantage: Five Pillars of the Modern Game Business, a new book authored by Chris Hewish, President of Xsolla, launching at Gamescom 2026 in Cologne.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260826628682/en/

Xsolla's integrated strategy brings together global payments, direct-to-consumer commerce, backend infrastructure, and AI-powered development tools into a unified operating model designed to help studios launch, operate, and scale more efficiently. Rather than relying on disconnected commerce, engagement, and backend systems, developers can activate new capabilities through a common platform foundation that reduces complexity, accelerates deployment, and creates a more durable foundation for long-term growth. The strategic framework behind this vision is outlined in Durable Advantage.

"There are two kinds of game companies, renters and owners," said Hewish. "Renters build good games and distribute through platforms they do not control, measuring success through downloads and launch rankings. Owners govern their own player relationships, commerce, and data, and turn those advantages into value that compounds over time."

Drawing on more than 30 years across the video game industry, the book makes an uncomfortable argument: many of the industry's most visible successes are among its weakest businesses, and the studios building lasting enterprise value are often the ones nobody is talking about.

The Durable Advantage framework is organized around five pillars that address the structural challenges game companies face as they scale: creating a unified operating model, expanding globally, building direct relationships with players, and simplifying operations. Together, these pillars provide a roadmap to help studios evolve from relying primarily on third-party platforms to owning more of their commerce, customer relationships, and long-term business value.

The book puts hard numbers on the stakes. A game generating $200 million a year hands roughly $60 million of it to platforms under a standard 30 percent fee, and across a decade, that single line reaches $600 million, enough to fund new studios, original IP, and years of operation. In the retail era, that fee paid for manufacturing, shelf space, and distribution. In a business built on recurring digital revenue, Hewish argues, the same fee now applies to every transaction throughout the player's life, whether the platform contributed to it or not.

Hewish illustrates the point with his own experience. He shipped a mobile game that passed 100 million downloads in months and still watched it collapse once promotion stopped, because the business never owned its relationship with the players it had reached. The downloads were real. The durable business was not. What a studio keeps is its account system, its commerce, and its direct line to players. A studio that owns those from the start reaches its players directly, instead of paying a platform 30 percent to access an audience it already earned.

"The next generation of successful game companies will be defined not only by the quality of their games, but by the strength of the business systems that support them," said Hewish. "Our integrated commerce platform gives studios a more connected foundation for payments, player relationships, live operations, and monetization, helping them scale more efficiently over the long term."

Hewish will deliver a keynote at gamescom on Wednesday, 26 August between 10:30 AM and 12 PM CEST, where he will discuss how the Durable Advantage framework translates into an integrated commerce strategy for modern game businesses. Xsolla will also showcase its platform and host attendees at its gamescom activation.

Durable Advantage will be available in print and digital editions. Copies will also be available at Xsolla's gamescom presence in Cologne from August 26 to 30, 2026. For more information, please visit: https://xsolla.pro/077b7c

About Xsolla

Xsolla is a global commerce company that builds and provides all the things developers need to launch, grow, and monetize video games. Headquartered in Los Angeles, California, the company supports studios of every size, from indie to AAA, with solutions across direct-to-consumer commerce, intelligent payments, entertainment-based IP, and player engagement products. Xsolla helps developers fund, distribute, market, and monetize their games at scale. Trusted by more than 70% of the top 100 highest-grossing games, Xsolla operates as the Merchant of Record across 200+ geographies with access to 1,000+ local payment methods worldwide. Grounded in a deep belief in the future of gaming, Xsolla is resolute in bringing opportunities together and unlocking growth for creators everywhere.

For more information, visit xsolla.com

Chris Hewish, President of Xsolla and Author of Durable Advantage

Graphic: Xsolla