Axeleo-backed Trustpair joins Basware in acquisition deal

• Basware agreed to acquire Trustpair, a payment-fraud prevention provider backed early by Axeleo Capital.
• Trustpair offers automated third-party bank account verification covering more than 190 countries, targeting wire-transfer fraud in procure-to-pay workflows.
• The deal adds Trustpair’s verification technology to Basware’s accounts-payable and procure-to-pay automation platform.
• Basware is backed by Accel-KKR; financial terms of the acquisition were not disclosed.

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