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Key people at Convera.
Convera is a global financial technology company that provides cross-border payment solutions and foreign exchange risk management services for international businesses. The organization processes international vendor payments and global trade transactions, offering a range of cross-currency products and industry-specific solutions that achieved an annual turnover of more than $190 billion in 2025. Operating through an extensive network of 31 global offices, the financial institution employs a dedicated workforce of over 1,900 professionals worldwide. The platform serves a diverse client base of over 26,000 companies, providing cash flow management and secure transaction services to corporate customers such as 10EQS. Originally established in 2022 following the strategic acquisition of Western Union Business Solutions by private equity firms Goldfinch Partners and The Baupost Group, the independent entity is currently directed by Chief Executive Officer Patrick Gauthier.
Key people at Convera.
Convera is a leading fintech company specializing in B2B cross-border payments, foreign exchange (FX), and currency risk management, serving over 26,000 businesses worldwide with solutions in 140+ currencies across 200+ countries.[2][5][6] It builds a tech-led platform that simplifies global payments, offers hedging strategies like FX forwards and options, mass payouts, and cash management tools, targeting SMEs, mid-sized corporates, enterprises, educational institutions, and financial institutions to solve pain points in international transactions such as high costs, FX volatility, and compliance hurdles.[1][2][3][4] With 1,900+ employees across 31 global offices, USD 170B+ in 2024 turnover, and over half a billion in annual revenue, Convera demonstrates strong growth, including record 2023 results and recognition as a top global fintech by CNBC in 2025.[1][2][5][6]
Convera emerged from Western Union Business Solutions, which was acquired in 2021 by private equity firms Goldfinch Partners LLC and The Baupost Group, LLC, leading to a full rebrand and global transition completed recently.[1] This marked a pivotal shift, building on decades of payments expertise while positioning for digital-era growth under CEO Patrick Gauthier, who emphasizes converging technology, people, and commerce.[1][5] Early traction post-acquisition included expanding from legacy operations to tech innovations, with over 40 years of FX experience now powering a unified platform; by 2024-2025, it scaled to handle massive volumes amid macroeconomic challenges like USD weakening.[3][6]
(Note: An unrelated earlier Convera Corporation from 2003 focused on enterprise search software via a merger of Excalibur Technologies and Intel's IMS division, but this is distinct from the current payments fintech.[8])
Convera rides the surge in global B2B payments amid rising e-commerce, supply chain globalization, and fintech disruption of traditional banking, where cross-border volumes demand faster, cheaper alternatives to legacy wires.[2][4] Timing aligns with post-pandemic trade recovery, regulatory shifts like MiFID II, and macro pressures (e.g., tariffs, FX swings), positioning it to capture value in a market favoring non-bank providers with tech edges.[1][3][4] It influences the ecosystem via partnerships (e.g., Routable for payouts, education agents), industry events like Money20/20, and data-driven insights, fostering inclusive finance for SMEs while challenging incumbents like Western Union's consumer arm.[1][4][7]
Convera is primed for expansion with its robust capital (€40M in 2025), innovation pipeline, and fintech accolades, likely deepening AI-driven FX tools and embeddings in platforms like Routable.[2][3][7] Trends like real-time payments, embedded finance, and geopolitical FX turbulence will shape its path, potentially boosting turnover beyond 2024's USD 170B as it targets underserved verticals.[3][6] Its evolution from Western Union legacy to global leader underscores a trajectory of sustained dominance in B2B cross-border flows, empowering businesses to thrive confidently in interconnected commerce.[1][5]
