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February 24, 2022

TreviPay buys Baton Financial Services to expand in B2B payments space

B2B payments firm TreviPay has acquired technology firm Baton Financial Services, which specialises in business-to-business (B2B) invoice payments.

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2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
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by GlobalData
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The deal, whose financial terms were not revealed, forms part of TreviPay’s continuing global expansion and accelerates its technical resources to support the B2B payment space.

Baton’s B2B invoice payments network delivers structured financial services in partnership with financial institutions.

With the acquisition, TreviPay aims to scale up its support for small businesses suppliers to offer trade credit to their customers while eliminating risk, delay and complexities linked to managing accounts receivable.

At a time when small businesses are challenged by liquidity, the ability to provide trade credit helps them free up cash flow and drive customer loyalty, the company noted.

TreviPay CEO Brandon Spear said: “Baton’s extensive track record in revolutionising financial services for small businesses made the company a natural, strategic fit for TreviPay.

“By joining forces, TreviPay will grow its trade credit solutions to help expand the selling power and global commerce capabilities of small businesses lacking traditional financing support.”

As part of the deal, Baton CEO Rissi Lovern has assumed the role of chief risk officer at TreviPay.

Lovern said: “A business’s best source of capital is often hidden in its balance sheet, in accounts receivable.

“TreviPay’s acquisition of Baton enables us to take our solution directly to small businesses, in addition to financial institutions, to unlock this capital. Together, we will be able to provide a trade credit solution to support this underserved market.”

In April last year, commerce-as-a-service solutions provider Digital River tapped TreviPay to expand payment options for B2B clients.

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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