Draft:Convera

Convera, not to be confused with Convera Corporation, is a global financial technology company. From Wikipedia, the free encyclopedia

This article is about the financial technology company Convera, not to be confused with the search platform provider Convera Corporation. The two companies have no relation, past or present.

Company typePrivate
IndustryCross-Border Payments, Foreign Exchange Solutions, FX, Commercial Payments, Risk
Key people
Patrick Gauthier (CEO)

Dharmesh Syal (CTO)

Michael Bourque (CFO)
Number of employees
1,924
Quick facts Company type, Industry ...
Convera
Company typePrivate
IndustryCross-Border Payments, Foreign Exchange Solutions, FX, Commercial Payments, Risk
Key people
Patrick Gauthier (CEO)

Dharmesh Syal (CTO)

Michael Bourque (CFO)
Number of employees
1,924
Websitehttps://convera.com/
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  • Comment: We need secondary sources with in depth coverage of the subject, which are not apparent here. Stuartyeates (talk) 07:02, 20 February 2026 (UTC)


Convera USA, LLC, previously known as Western Union Business Solutions, is a privately owned global financial technology company.[citation needed][1] Headquartered in Seattle, Washington, Convera was founded following the acquisition of Western Union Business Solutions by Goldfinch Partners, LLC and The Baupost Group, LLC.[2] Convera offers services related to cross-border payments, foreign exchange risk management, and payment APIs.[3]

History

On September 1, 2009, Western Union acquired the Canada-based foreign payments company Custom House for $371 million.[4] Custom House was renamed Western Union Business Solutions in 2010.[5]

On July 5, 2011, Western Union acquired the Global Business Payments division of Travelex for $933 million.[6][7]

On August 4, 2021, private equity firms Goldfinch Partners LLC and The Baupost Group, LLC acquired Western Union Business Solutions for $910 million.[8] Following the transfer of its European operations in late 2023, Western Union Business Solutions was established as a standalone payments company under the new name Convera.[9] In the same year, Patrick Gauthier, former global head of Amazon Pay, was appointed CEO.[10]

FXC Intelligence named Convera to their “Top 100 Cross-Border Payment Companies” list in 2023, 2024, and 2025.[11] Convera was listed as one of “The World’s Top 250 Fintech Companies” by CNBC on July 9, 2024, and again on July 16, 2025.[12][13] Later that year, Convera was named a winner in the 2025 Fintech Breakthrough Awards.[14]

Services

Convera provides financial services focused on international payments and currency risk management.[15] The company offers currency hedging tools, payment APIs, and an online cross-border payment platform called GlobalPay.[16] GlobalPay allows businesses and higher education institutions to send and receive payments in multiple currencies.[17]

References

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