Basware to buy Trustpair, adding payment fraud defence to invoice tools
What's the deal? BaswareDealroom has a profile for this one. Try Dealroom → has signed a binding agreement to acquire Trustpair, a Paris-based payment fraud prevention company, the firms announced on August 26, 2026. Following completion, Trustpair will continue to operate and sell independently as a Basware company. Deal terms were not disclosed.
What does each do? Basware, which has spent more than 40 years on invoice management, confirms that an invoice is legitimate and approved. Trustpair, founded in 2017, validates that a payment reaches the intended supplier's account.
What's the endgame? The combination targets what the companies call the industry's first invoice-to-payment assurance, covering the full transaction. Trustpair's fraud prevention will extend Basware's Invoice Lifecycle Management to advance the "Perfect Invoice": every invoice authentic and every payment validated.
Why now? AI is making it cheaper to impersonate trusted suppliers at scale, while instant payments leave less time to catch a bad transfer. The Association of Certified Fraud Examiners found 75% of anti-fraud professionals reported more generative AI document fraud over the past two years, while only 7% said their organisations were more than moderately prepared.
Regulators in the US, UK, and EU are also pushing businesses to stop fraudulent payments before funds move. Nacha, which governs US bank-to-bank payments, tightened its rules in 2026, requiring firms paying suppliers via ACH to catch unauthorised payments.
What changes for customers? Nothing immediately. Trustpair works across ERP, procurement, and treasury systems including SAP, OracleDealroom has a profile for this one. Try Dealroom →, Coupa, and Kyriba, and customers will not need to switch providers or systems. Its open ecosystem remains central to strategy.
"Approving the right invoice is not enough if the money ultimately reaches the wrong account," said Baptiste Collot, co-founder and chief executive officer at Trustpair. Basware's "reach and resources will help us accelerate beyond what we could have achieved alone."
Basware chief executive officer Jason Kurtz framed the rationale around AI's dual use. "A finance team can do everything right on the invoice and still send the money to the wrong bank account," he said.
The signal: Organisations globally lose an estimated 8% of revenue each year to fraud, and the deal reflects a broader push to close the gap between invoice approval and payment as AI-driven scams outpace legacy controls.
Image credit: Generated with Gemini
