Convera Corporation

What Convera Corporation does

Convera is a global cross-border payments and foreign exchange provider offering businesses, financial institutions, educational organizations, and institutional funds the ability to send and receive international payments, hold multi-currency balances, and hedge currency risk. The company operates a cloud-native modular platform managing $170B+ in annual payment volume across 140+ currencies and 200+ countries and territories, with local clearing capabilities in 60+ countries, ISO 20022 compliance, and a payment network comprising 50+ Tier 1 and regional bank partners and 500+ bank accounts. Core products include Global Payments (GlobalPay), Forward Contracts (44 currencies), FX Options (19 currencies), FX Swaps, Global Currency Accounts (60+ currencies, 180-day holdings), Future Payments, and Non-Deliverable Forwards, accessed through dedicated platforms including EDGE for general business users, GlobalPay for Students, and GlobalPay for Financial Institutions.

The company generates revenue primarily through transaction fees on cross-border payments, FX spreads on currency conversion, and fees on hedging products, complemented by platform and account fees. GTM is hybrid: dedicated enterprise field sales and account managers serve financial institutions (2,000+), mid-market, and enterprise clients, while self-serve EDGE and GlobalPay platforms target small businesses and individuals. Convera serves a diversified customer base spanning tens of thousands of businesses across education (900+ institutions including 8 of the top 10 universities), financial services, legal, manufacturing, pensions, retail, and online gaming, with named customers such as Hogan Lovells, Strathclyde Pension Fund, Guess Europe, and Prisma Capital.

The business is regulated under 60+ global licenses, holds ISO 27001, PCI-DSS, and SOC 2 Type 2 certifications, and is privately held as Convera Holdings, LLC (US operations via Convera USA, LLC, NMLS ID 907333). Reported 2025 turnover was USD 190B+, with operations in 19 countries and regional headquarters in New York, London, and Hong Kong. The platform integrates with Q2, FIS, Jack Henry, Alacriti, Salesforce, and Piteco, and the company has formed strategic partnerships with PagoNxt (Brazil Pix rail), dLocal (emerging markets), and iPiD (European VOP) to extend corridor coverage and compliance capabilities.

Name

Convera Corporation

Legal name

Convera Holdings, LLC

Website

https://convera.com

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

51–100 employees

Short description

Convera is a global cross-border payments and FX provider serving SMBs, enterprises, educational institutions, financial institutions, and institutional funds across 140+ currencies and 200+ countries, with $170B+ in annual payment volume and revenue from transaction fees, FX spreads, and hedging products.

Ownership category

akta.pro rank

Product category

Cross-Border Payments & Foreign Exchange Services

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Finance Services (6199), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Cross-Border & FX Payments Platforms (BPAMAFAK)

akta.pro secondary industries

Multi-Currency Accounts, Wallets & FX Management (Consumer/SME) (FSAGAKAF), Cross-Border FX, Multi-Currency & Treasury for Payments (FSAGABAK), FX Conversion, Pricing & Hedging Infrastructure (Treasury/Rate Engines) (FSAGAKAG)

Keywords

• Cross-border payments
• Foreign exchange services
• FX risk management
• International money transfers
• Business payment solutions

Headquarters

HQ city

Vienna

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

1. Cross-Border Payment Transaction Fees: Convera generates revenue through transaction fees on international payments, charging for cross-border money transfers across their global payment network. The company offers competitive FX rates with transparent fees and no hidden charges.
2. Foreign Exchange Spreads: Revenue generated from currency exchange margins when customers convert currencies or execute hedging products. The company provides real-time, competitive FX rates with transparent pricing.
3. FX Hedging Products: Revenue from derivative financial instruments including forward contracts, FX options, and FX swaps that help businesses manage currency risk. These products provide certainty on exchange rates for future transactions.
4. Platform and Account Fees: Some platform tiers may include account management fees. The company states no sign-up fees or monthly fees for basic small business accounts.

Pricing tiers

Go-to-market motion3 records

Distribution channels9 records

Marketing channels9 records

Core offering

Convera provides cross-border payment and foreign exchange (FX) services to businesses, financial institutions, and consumers across more than 140 currencies. The company combines transaction processing, currency hedging instruments (forwards, options, swaps, NDFs), global currency accounts, and proprietary platforms (EDGE and GlobalPay) to support international B2B payments, education payments, and institutional FX workflows.

Product overview

Convera operates as a modular cross-border payments platform with a unified core supported by specialized solutions for different customer segments. The core product suite consists of Global Payments (GlobalPay), Forward Contracts, FX Options, and FX Swaps, which together enable businesses to send international payments, manage currency risk, and optimize cash flows. The platform is accessible through distinct interfaces: EDGE for general business users, GlobalPay for Students for educational institutions, and GlobalPay for Financial Institutions for banks and credit unions. Additional modules include Global Currency Accounts for multi-currency balance management (60+ currencies, up to 180 days), Non-Deliverable Forwards for restricted currencies, and Future Payments for invoice-level FX rate locking. The infrastructure supports 140+ currencies across 200+ countries and territories through 50+ bank partners and 500+ bank accounts.

Differentiator

Problem solved

Functional benefit

Products and services

• GlobalPay
• GlobalPay for Financial Institutions
• GlobalPay for Students
• Convera EDGE
• Global Currency Accounts
• Forward Contracts
• FX Options
• FX Swaps
• Non-Deliverable Forwards (NDFs)
• Future Payments

Quantifiable outcome

• USD 190B+ annual turnover in 2025
• +7 more outcomes

Named customers13 records

Segments8 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

Feature12 records

Partnerships

Six partnerships are on record, tiered core.

• dLocalcoreTechnology or IntegrationPartnership enabling faster, more efficient cross-border payments with local payout solutions across high-growth emerging markets where traditional infrastructure creates friction. Convera and dLocal unlock smart cross-border payments infrastructure for merchants in emerging markets.
• PagoNxt PaymentscoreTechnology or IntegrationPartnership to access Brazil's Pix real-time rail, delivering same-second payment execution with streamlined FX and tax handling. Enables instant payment capabilities in Brazil.
• Q2coreTechnology or IntegrationIntegration with Q2 digital banking platform for banks and credit unions. Convera plugs effortlessly into Q2's digital banking ecosystem expanding global payment capabilities.
• FIScoreTechnology or IntegrationIntegration with FIS core banking system, one of the largest banking technology providers globally. Enables banks to access Convera's cross-border payment capabilities.
• Jack HenrycoreTechnology or IntegrationIntegration with Jack Henry core banking system. Provides banks and credit unions secure integration to expand global payment capabilities through Jack Henry's ecosystem.
• Candescent (NCR)coreTechnology or IntegrationIDB Global Federal Credit Union integration via Candescent digital banking platform. Members can initiate cross-border payments through mobile app and online banking.

Scale indicators14 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Western Union: Western Union is the largest global money transfer operator and the former parent of Western Union Business Solutions (now Convera). It is highly comparable because Convera originated as WUBS's B2B cross-border business and continues to compete head-to-head on FX and remittance corridors, although Western Union's retail consumer focus makes it broader than Convera's B2B/enterprise specialization.
• MoneyGram: MoneyGram is a global money transfer and cross-border payments operator serving consumers and businesses. It is a broad incumbent peer, overlapping with Convera on remittance and cross-border B2B flows, although its distribution is more consumer/agent-heavy.
• Adyen: Adyen is a global payments platform providing acquiring, processing, and cross-border payout capabilities to large enterprises. It is a broad incumbent peer that overlaps with Convera on cross-border payout flows and FX for enterprise platforms, although Adyen's primary business is card acquiring rather than B2B FX hedging.

Direct peers

• Wise: Wise is a digital-first cross-border payments platform serving consumers, SMBs, and enterprises with multi-currency accounts and mid-market FX rates. It is a direct peer to Convera in mid-market and SMB FX payments, with comparable cross-border corridors, multi-currency wallet functionality, and an API offering for platforms.
• OFX: OFX is a publicly listed FX and cross-border payments specialist focused on consumers, SMBs, and enterprises with international payment and FX hedging products. It competes directly with Convera in mid-market and enterprise FX, including forwards, spot, and global currency accounts.
• Corpay (formerly FLEETCOR Cross-Border): Corpay's cross-border business (including the former Cambridge Global Payments and Western Union Business Solutions peers' positioning) provides corporate FX, international payments, and hedging for mid-market and enterprise clients. It is a direct peer to Convera in B2B cross-border payments and FX risk management.
• Currencycloud (Visa): Currencycloud, owned by Visa, provides cross-border payments infrastructure and multi-currency accounts as a B2B2C platform via APIs. It is comparable to Convera as a cross-border payment and FX infrastructure provider serving platforms and financial institutions, though it is more API/infrastructure focused than Convera's blended direct + embedded model.
• Payoneer: Payoneer provides cross-border payments and multi-currency accounts to SMBs, freelancers, and marketplaces. It is a direct peer to Convera in SMB cross-border B2B payments, particularly for marketplace and SMB payout flows, with overlapping multi-currency wallet and FX capabilities.

Emerging players

• Remitly: Remitly is a digital remittance platform focused on consumer and SMB cross-border transfers, particularly migrant corridors. It is an emerging player peer to Convera in digital cross-border payments, with stronger consumer/SMB retail orientation and less B2B/enterprise hedging focus.
• dLocal: dLocal provides emerging market cross-border payment processing with local payout rails across LATAM, Africa, and Asia. It is an emerging player peer to Convera's emerging market corridor strategy; notably, dLocal is also a Convera partner, illustrating the overlap on emerging market local clearing capability.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/converaholdings

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds1 record

Investors6 records

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

M&A

Investments

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

Frequently asked questions about Convera Corporation