Convera Revenue and Competitors

We’re launching Convera, a company committed to bringing its customers the most advanced business payments platform in the world. Convera was formed to acquire the assets and companies that today comprise Western Union Business Solutions, a division of The Western Union Company. Convera’s acquisition of Western Union Business Solutions is subject to requisite works council and trade union consultations, regulatory approvals and other customary closing conditions. Following this acquisition, Convera will become one of the largest non-bank B2B cross-border payments companies in the world. Leveraging decades of industry expertise to deliver smarter money movements, Convera is committed to ensuring that our customers capture more value with every transaction. Providing technology-led payment solutions to a broad range of organizations globally, Convera serves customers ranging from small business owners to enterprise treasurers to educational and financial institutions. Delivering solutions ranging from simple currency exchanges to sophisticated cross-border payments platforms and solutions, everything we do is designed to enhance the customer experience and seamlessly power their global commerce needs. In 2020, the business processed over $110 billion in transactions. With an existing customer base of more than 30,000 small and medium-sized businesses, educational institutions, financial institutions, law firms, and NGOs spanning over 40 countries and territories and 140 currencies, the business possesses a truly global footprint and serves some of the fastest-growing segments of the B2B cross-border payments markets. Powered by a sophisticated and expansive global settlement network, Convera’s capabilities are built on efficiency, accuracy and compliance at its core, alleviating risk and accelerating smarter decision making.