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Submission declined on 20 February 2026 by Stuartyeates (talk).
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Submission declined on 28 January 2026 by AllWeKnowOfHeaven (talk). This draft is not written from a neutral point of view. Wikipedia articles must be written neutrally in a formal, impersonal, and dispassionate way. They should not read like a blog post, advertisement, or fan page. Rewrite the draft to remove:
Declined by AllWeKnowOfHeaven 3 months ago.
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Submission declined on 3 December 2025 by Robert McClenon (talk). This draft's references do not show that the subject meets Wikipedia's criteria for inclusion for organizations and companies. The draft requires multiple published secondary sources that:
Declined by Robert McClenon 5 months ago.
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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)
- Comment: This draft is written from the viewpoint of the company, focusing on what the company says about itself. Corporate notability is based on what independent reliable sources have written about the subject.Not every business corporation is notable, and this draft does not establish corporate notability. You may ask for advice about corporate notability at the Teahouse.Please explain how this company is related to Convera Corporation either presently or historically. Robert McClenon (talk) 06:53, 3 December 2025 (UTC)
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 type | Private |
|---|---|
| Industry | Cross-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 |
| Website | https://convera.com/ |
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
editOn 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
editConvera 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
edit- ↑ Webber, Daniel (April 6, 2022). "Convera's Next Steps: Western Union Business Solutions' Reinvention As A Standalone Global Payments Company". forbes.com.
- ↑ Mitchell, Rick (August 6, 2021). "Two Firms Guide Western Union's Business Solutions Unit Sale". bloomberglaw.com.
- ↑ "Convera USA LLC - Company Profile and News". Bloomberg.com. Retrieved October 21, 2025.
- ↑ "Western Union closes Custom House acquisition, taps into B2B payments space". thepaypers.com. Retrieved February 11, 2026.
- ↑ "The Western Union Company" (PDF). secdatabase.com. The United States Securities and Exchange Comission. October 26, 2010.
- ↑ "Western Union to buy Travelex unit for about $970 mln". reuters.com. July 5, 2011.
- ↑ Dealbook (July 5, 2011). "Western Union Buys Travelex Unit". The New York Times. Retrieved October 21, 2025.
- ↑ "Western Union Announces Agreement to Sell Western Union Business Solutions to Goldfinch Partners and The Baupost Group for Approximately $910 Million in Cash". financialpost. August 4, 2021. Archived from the original on August 5, 2021. Retrieved October 21, 2025.
- ↑ "Convera completes its transition from WUBS". thepaypers.com. Retrieved February 11, 2026.
- ↑ "Western Union spinoff Convera aims to double international B2B payments". American Banker. August 18, 2023. Retrieved February 11, 2026.
- ↑ "The Top 100 Cross-Border Payment Companies". FXC Intelligence. May 8, 2025. Retrieved October 21, 2025.
- ↑ "The world's top 250 fintech companies: 2024". CNBC. July 9, 2024. Retrieved October 21, 2025.
- ↑ "The world's top fintech companies: 2025". CNBC. July 16, 2025. Retrieved October 21, 2025.
- ↑ "2025 Winners". FinTech Breakthrough Awards. Retrieved October 21, 2025.
- ↑ anja (July 18, 2025). "Convera review (previously Western Union Business Solutions) 2025". WorldFirst AU. Retrieved October 21, 2025.
- ↑ Panna, Kemenes (August 12, 2023). "Convera money transfers (previously Western Union Business Solutions) - All you need to know". wise.com.
- ↑ "International Payments via Convera | Student Billing". studentbilling.berkeley.edu. Retrieved February 11, 2026.
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