Billtrust Acquisition, Valuation, Funding & Investors

Ocrolus is a New York-based financial document automation platform, founded in 2014, that combines AI, machine learning, OCR, and human-in-the-loop quality control to classify, capture, and analyze financial documents with over 99% accuracy. The platform helps lenders automate underwriting, credit scoring, and fraud detection across small business, consumer, auto, and mortgage lending. Its customers include Brex, PayPal, SoFi, Plaid, LendingClub, and Cross River Bank.

WEX Inc is a commerce platform that provides seamlessly embedded, personalized payments solutions. The company operates three business segments: Mobility, Benefits, and Corporate Payments. Mobility segment, the top segment by revenue, provides fleet vehicle payment solutions, transaction processing, and information management services for commercial and government fleets. The Corporate Payments segment offers business-to-business payment processing and transaction monitoring services. The Benefits segment generates revenue from healthcare payment products and its consumer-directed software platform. Its prime end market is the United States of America.

Viva Wallet is an Athens-headquartered digital banking provider operating in 23 European countries as a principal member of Visa and Mastercard for acquiring and issuing. The neobank offers card acceptance via Smart Android terminals, Viva Wallet POS app, and online payment gateways, alongside business accounts featuring local IBANs and Mastercard debit cards. Viva Wallet owns VIVABANK SA as a Greek banking subsidiary and an E-money institution compliant with PSD II across the EEA. Services include multi-currency settlements and integrations for e-commerce platforms, targeting SMEs and enterprises with hardware-free payment solutions.

Billdesk builds payment gateways and APIs for digital transactions in India, processing bill payments, merchant acquiring, and UPI collections. The platform serves banks, enterprises, and consumers with secure electronic payment management across retail and utilities.

Dock is a São Paulo-headquartered financial infrastructure provider in Latin America. Its cloud platform combines core banking, card issuing, and payment processing for Pix and boleto. Serving Mercado Livre and Nubank, it processes billions in transactions annually across Brazil, Mexico, and Colombia.

London-headquartered Tide is a business banking platform offering current accounts, invoicing tools, expense tracking, payroll processing, and integrations with accounting software like Xero and QuickBooks. The service supports company registration, virtual and physical Mastercard debit cards, savings pots with interest, and access to loans via partnerships with lenders such as iwoca. Tide serves over 500,000 businesses across the UK with features including real-time payments, automated VAT reconciliation, and fraud monitoring.

Jeeves is a New York-headquartered global financial platform providing corporate cards, bill payments, expense management, and AI-driven accounting automation. Launched in 2019, it supports businesses in Brazil, Colombia, North America, and EMEA with tools for multi-currency transactions, serving clients like H&M, Burger King, and Nubank.

Flywire Corp provides a secure payment platform, offering its clients a streamlined process to receive reconciled domestic and international payments more cost-effectively and efficiently. The company's solutions are built on three core elements, namely a payments platform, a proprietary payment network, and vertical-specific software backed by its deep industry expertise. Geographically, the majority of revenue is from the Americas.

PicS NV is a digital payments company. The company operates a peer-to-peer (P2P) transfer platform that enables individuals to send money via mobile devices. It provides digital wallets, instant payments (Pix), P2P transfers, credit cards, loans, investments, insurance, and SMB payment solutions. The company has four reportable segments: Consumer Banking, Small and Medium-Sized Businesses, Audiences and Ecosystem Integration, and Institutional. The majority of the company's revenue is derived from the Consumer Banking segment, which generates revenue from various transaction activities occurring in the digital wallet, such as Pix, peer-to-peer (P2P) transfers, and bill payments.

Flex is a financial technology platform combining business and personal finance tools. It offers fee-free business banking, high-yield savings accounts, and a credit card with deferred interest options. Available in over 180 countries with support for 32 currencies, Flex automates accounts payable using AI for bill scanning and fraud detection. The platform serves small businesses handling domestic and international transactions.

Juspay is a Bengaluru-based digital payments infrastructure provider, founded in 2012, that powers payment processing for clients including Amazon, Flipkart, Google, IndiGo, Swiggy, and banks such as HSBC. The platform has evolved from payment orchestration into a full-stack UPI platform and core payments infrastructure for banks and enterprises, processing more than 300 million transactions daily with annualized total payment volume exceeding $1 trillion. Juspay operates globally, with offices in San Francisco, Dublin, São Paulo, Singapore, and Dubai, serving more than 500 enterprises and banks across Asia-Pacific, the Middle East, Latin America, Europe, and North America.

Clip is a Mexico City-headquartered digital payments and commerce platform that provides card readers, point-of-sale systems, and integrated financial services to small and medium-sized businesses across Mexico. Founded in 2012 by Adolfo Babatz, the company became Mexico's first payments unicorn in 2021 following a $250 million investment led by SoftBank Latin America Fund and Viking Global Investors, and counts General Atlantic, Ribbit Capital, Goldman Sachs, Banorte, and Amex Ventures among its backers. Its product range spans portable mPOS terminals (including Clip Mini, Clip Pro, and Clip Ultra), card-not-present payment acceptance, inventory and e-commerce software, and merchant financial services delivered under an Institution of Electronic Payment Funds (IFPE) license. Clip employs more than 900 people across offices in Mexico City, Guadalajara, Salt Lake City, Miami, and Buenos Aires.

Clari is a Sunnyvale-headquartered revenue operations platform that aggregates data from CRM, marketing automation, email, calendars, and conversation tools. It aligns activity data to accounts and opportunities for pipeline visibility, AI-driven forecasting, and churn prediction. The platform serves B2B enterprises like Qualtrics, Lenovo, Adobe, Dropbox, and Okta to enhance sales efficiency and revenue predictability.

Fenbeitong is a Beijing-based enterprise spend management platform automating controls for travel, vehicle use, procurement, and reimbursements. The system enforces real-time approval rules, invoice matching, and credit-based monthly settlements to cut costs by up to 20 percent for corporate clients. Integrated with WeChat for employee expense submissions, it serves over 1,000 companies in finance, manufacturing, and tech sectors across China. Fenbeitong provides analytics dashboards tracking spend categories and compliance rates.

Interswitch is a Lagos-headquartered digital payments processor founded in 2002 operating across 10 African countries. The company manages Verve card scheme with 60 million cards issued, Quickteller for bill payments, and APIs for e-commerce serving banks like Zenith and MTN MoMo integrations.

Cairo-based MNT-Halan provides microfinance lending, digital payments, and banking services in Egypt. The company offers mobile wallets, debit cards, installment plans, and e-commerce financing through its app, targeting unbanked populations. MNT-Halan operates across urban and rural areas, partnering with merchants for cashless transactions and expanding into insurance products.

Moniepoint is a Lagos, Nigeria-headquartered fintech company offering business banking, payments, and credit services. The platform enables SMEs to accept card payments via POS terminals, process transfers, and access loans through its mobile app. Formerly known as TeamApt, Moniepoint supports over two million businesses with tools for payroll, inventory management, and API integrations for e-commerce.

WAG Payment Solutions PLC, formerly Eurowag is a pan-European integrated payment & mobility platform focused on the commercial road transport industry. The group's business involves the provision of services to the CRT industry which is focused on two primary segments: Payment solutions, comprising energy payments through pre-pay or post-pay fuel cards and toll payments; and Mobility solutions, comprising tax refund services; telematics; smart routing apps; and other adjacent services.