TreviPay Looks to Faster And More Flexible Payments With Its Deal to Acquire Apruve

Payments provider TreviPay has reached an agreement to acquire business-to-business payments processor Apruve for an undisclosed sum. TreviPay positions the acquisition as part of its ongoing global expansion plan to make payments faster and more flexible for its clients. It will also enable Overland Park, Kan.-based TreviPay to leverage Apruve’s suite of payments technology to complement its own and better meet the trade-credit needs of the manufacturing industry, TreviPay chief executive Brandon Spear tells Digital Transactions News by email.

In addition, the acquisition will accelerate TreviPay’s effort to make B2B payments more efficient by expanding the company’s reach to sellers and buyers in Asia and in general, Spear says.

TreviPay’s platform supports payments, localized invoicing, trade credit with up to 90-day net terms, managed receivables, and fraud and risk management. “This is particularly important in B2B as business customers expect to purchase on-terms and will spend more frequently when they have a dedicated financial relationship and credit line with a business,” Spear says.

In 2022, TreviPay says it has experienced 30% organic growth in its business as a result of demand from its order-to-cash technology. In general, order-to-cash, which is the core of B2B sales, refers to all the activities that relate to making a sale and realizing revenues from it, including receiving an order, processing it and getting paid, TreviPay says.

The acquisition of Minneapolis-based Apruve also builds on TreviPay’s deal earlier this year for Baton Financial Services. “Joining with Baton and launching our Small Business Supplier Network has enabled TreviPay to service smaller buyers—an essential sector of the economy that is too often underserved,” says Spear. “This has allowed TreviPay to play a key role in transforming the inefficient B2B trade-credit market and give small businesses a better way to do business so they can re-secure their position in the U.S. economy.”