Convera

What Convera does

Convera is a privately held B2B cross-border payments company that originated as Western Union Business Solutions, was rebranded upon its 2021 separation from Western Union, and now operates as an independent entity headquartered in Denver with offices in 19 countries. Its core function is enabling businesses, educational institutions, financial institutions, and institutional funds to send, receive, and hold money internationally across 140+ currencies and 200+ countries and territories, underpinned by a correspondent network of 50+ bank partners, 500+ bank accounts, and local clearing and settlement in 60+ countries. The platform is cloud-native and modular, with an API-first architecture (documented on Convera ReadMe), pre-built integrations into Q2, FIS, Jack Henry, NCR/Candescent, and Piteco TMS, ISO 20022 messaging compliance, SWIFT GPI real-time tracking, and a 92% straight-through processing rate. Specialized sub-brands include GlobalPay for Students (900+ educational institutions), GlobalPay for Financial Institutions (2,000+ licensed FIs), and the EDGE treasury platform; FX risk is addressed through Forward Contracts in 44 currencies, FX Options in 19 currencies, FX Swaps, and a 'Future Payments' invoice-level hedging tool. The company monetizes via transaction fees and FX spreads on a quote-based, pay-as-you-go model with no sign-up or monthly fees, and reported double-digit revenue growth alongside ~$190B in annual turnover in 2025. Strategic priorities visible in 2026 include stablecoin settlement via Ripple, SWIFT network deepening, emerging-market expansion through dLocal, and embedded distribution via core-banking and education-platform partnerships.

Name

Convera

Legal name

Convera Holdings, LLC

Website

https://convera.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Convera is a B2B cross-border payments platform serving businesses, educational institutions, financial institutions, and institutional funds, processing over $190 billion in annual turnover across 140+ currencies in 200+ countries via a cloud-native, API-first correspondent network.

Ownership category

akta.pro rank

Product category

Cross-Border Payments and FX Services

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Securities and Commodity Contracts Intermediation and Brokerage (5231)

SIC

Finance Services (6199)

akta.pro primary industry

Cross-Border & FX Payments Platforms (BPAMAFAK)

akta.pro secondary industries

Payables & Disbursements (ACH/SEPA, wires, checks, virtual cards) (FSABAIAB), Cross-Border Payments Clearing (International Wires & FX Settlement) (FSABAJAC)

Keywords

• Cross-border payments
• Foreign exchange services
• B2B payment platform
• International money transfers
• FX hedging solutions

Headquarters

HQ city

Seattle

HQ country

United States

HQ region

North America

Offices19 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Cross-border Payment Transaction Fees: Revenue generated from transaction fees on cross-border payments across 140+ currencies to 200+ countries. Volume-based pricing with competitive FX spreads.
2. Foreign Exchange Spreads: Revenue earned through FX conversion spreads when customers exchange currencies. Competitive real-time rates with transparent pricing.
3. FX Hedging Products: Forward contracts, FX options, and FX swaps for currency risk management, available in 44+ currencies for hedging

Pricing tiers

Go-to-market motion4 records

Distribution channels6 records

Marketing channels10 records

Core offering

Convera provides cross-border payment and foreign exchange services for businesses, financial institutions, and educational organizations. Its portfolio spans international payments, FX hedging products (forwards, options, swaps), multi-currency holding accounts, and embedded white-label payment platforms for students and institutional partners, all delivered through the proprietary EDGE platform.

Product overview

Convera offers a comprehensive B2B cross-border payments platform built on a modular architecture. The core offering centers on Global Payments enabling international money transfers in 140+ currencies across 200+ countries. This is complemented by FX hedging tools including Forward Contracts (44 currencies), FX Options (19 currencies), and FX Swaps for liquidity management. The company provides specialized sub-brands including GlobalPay for Students serving 900+ educational institutions and GlobalPay for Financial Institutions for bank/credit union partners. Users access services through the EDGE online platform or via API integrations. The network infrastructure includes 50+ bank partners and 500+ bank accounts with local clearing in 60+ countries. Recent innovations include stablecoin-enabled cross-border payments through Ripple partnership using a 'stablecoin sandwich' settlement model.

Differentiator

Problem solved

Functional benefit

Brands

• Edge: Business payment platform for managing international payments and treasury operations.
• GlobalPay
• GlobalPay for Students
• GlobalPay for Financial Institutions

Products and services

• Global Payments International cross-border payment service enabling businesses and institutions to send and receive payments in 140+ currencies across 200+ countries and territories. Designed for enterprises, financial institutions, and small businesses executing international vendor, customer, and intercompany payments.
• Forward Contracts FX forward contracts that allow businesses and institutional clients to lock in exchange rates for future-dated currency transactions. Used to hedge known future payables and receivables against FX volatility.
• FX Options FX options contracts providing businesses with the right, but not the obligation, to exchange currency at a predetermined rate. Targeted at treasurers managing contingent or optional cross-border exposures.
• FX Swaps FX swap product allowing clients to exchange and subsequently reverse currency positions at agreed future dates. Used by treasurers and institutional clients for liquidity and short-term FX exposure management.
• Global Currency Accounts Multi-currency holding accounts that let businesses receive, hold, and disburse funds in multiple currencies, supporting reconciliation, treasury, and cash management for cross-border operations. Includes multi-currency holding balance functionality.
• EDGE Platform Convera's API-first integration and management platform enabling businesses to initiate, manage, and reconcile cross-border payments and FX transactions. Supports direct API connectivity, embedded partner integrations, and a self-service dashboard.
• GlobalPay for Students White-label embedded payment platform purpose-built for universities, colleges, and education agents to collect tuition and fees from international students in their home currencies. Designed to integrate with student information systems and deliver a branded payer experience.
• GlobalPay for Financial Institutions Embedded, white-label cross-border payments and FX platform for banks, asset managers, and fintechs to offer international payments under their own brand. Provides regulatory reach, FX pricing, and technology infrastructure as a managed service.
• Future Payments Deferred, forward-dated payment instruction product that allows clients to schedule and lock in cross-border payments in advance. Provides certainty on FX rate and settlement timing for planned international transactions.

Quantifiable outcome

• 92% straight-through processing rate
• +6 more outcomes

Named customers11 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

AI capability8 records

Feature6 records

Partnerships

Four partnerships are on record, tiered core.

• RipplecoreTechnology or Integration · 31 March 2026Strategic collaboration to offer crypto-enabled cross-border payment and treasury solutions using stablecoins. Partnership employs 'stablecoin sandwich' model where payments begin and end in fiat while using regulated stablecoins (RLUSD) for intermediate settlement on XRP Ledger. Combines Convera's global payment network with Ripple's liquidity and digital asset infrastructure.
• Q2coreTechnology or Integration · 10 March 2026Convera launched its cross-border payments solution in Q2 Marketplace, enabling financial institutions using Q2's digital banking platform to offer international payment services through pre-built integration. Provides access to Convera's network of 50+ banking partners, 500 bank accounts, 200 countries, and 140 currencies.
• dLocalcoreTechnology or Integration · 16 December 2025Strategic partnership to enhance cross-border payments infrastructure for businesses expanding into emerging markets. Launching in Colombia with expansion across Latin America, Africa, and Asia. Combines Convera's global financial network with dLocal's local payment infrastructure addressing delayed settlements, high transaction costs, and inconsistent payment systems.
• SWIFTcoreTechnology or IntegrationExpanded partnership to provide financial institutions with integrated cross-border payment solutions combining Convera's payments expertise with Swift's secure financial messaging network. Enables real-time tracking via Swift GPI, near 100% straight-through processing, and ISO 20022-compliant messaging.

Scale indicators14 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• OFX: OFX is a publicly-traded FX and global payments provider serving SMBs, enterprises, and online sellers with international payments in 50+ currencies and FX hedging products (forwards, options, swaps). It is one of the closest direct competitors to Convera's mid/large-business FX payments and currency-risk offering.
• Corpay (formerly FleetCor) Cross-Border Payments: Corpay (Cross-Border Payments segment, formerly Cambridge Global Payments) provides B2B cross-border payments, FX hedging, and corporate FX risk management for SMB and mid-market enterprises. It directly overlaps with Convera's transaction banking and FX spread offerings for medium/large business segments.
• Payoneer: Payoneer operates a cross-border payments and multi-currency account platform for SMBs, freelancers, marketplaces, and B2B cross-border payouts. It overlaps directly with Convera's small/mid-market cross-border B2B payment flows and global currency account functionality.
• Wise: Wise (formerly TransferWise) is a leading cross-border payments platform offering multi-currency accounts and low-cost international transfers in 40+ currencies to consumers and businesses. It is the most direct competitor to Convera's B2B cross-border payments, particularly competing on FX transparency and self-service UX.

Broad incumbents

• Western Union: Western Union is the original parent of Convera (formerly Western Union Business Solutions) and operates one of the world's largest consumer money-transfer and cross-border payments networks. While Convera focuses on B2B and WU on consumer remittances, they share DNA, FX infrastructure, and overlap on certain cross-border corridors.
• Remitly: Remitly is a publicly-traded digital remittance platform serving consumers sending money across borders, with growing business capabilities. It shares Convera's cross-border payments DNA and increasingly competes in adjacent SMB B2B corridors, although its core is consumer remittances rather than enterprise FX.
• MoneyGram: MoneyGram is a global money-transfer and cross-border payments network, now expanding into digital and B2B payouts following its private take-private. It is a broad incumbent comparable to Convera on cross-border infrastructure scale, though more focused on consumer remittances.

Emerging players

• Airwallex: Airwallex is a global payments and financial platform offering multi-currency accounts, FX, and cross-border payments primarily to tech-forward SMBs and mid-market businesses. It increasingly competes with Convera in the modern-API cross-border B2B space, especially for digital-native companies.
• dLocal: dLocal is a payments platform purpose-built for emerging markets, providing local payment methods and cross-border B2B payouts in Latin America, Africa, and Asia. Recently announced as a Convera strategic partner; it is comparable as a peer for the emerging-market B2B payment routing layer.
• Revolut Business: Revolut Business provides multi-currency accounts, international payments, and FX services for SMBs and enterprises across 30+ currencies. It is an emerging player with growing overlap to Convera's SMB and mid-market cross-border payments value proposition, especially in Europe.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xtwitter.com/Convera
• YouTubeyoutube.com/@ConveraFintech
• Facebookfacebook.com/ConveraFintech
• LinkedInlinkedin.com/company/converaholdings
• Instagraminstagram.com/convera_fintech

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Convera