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  6. TreviPay Acquires Apruve

M&A Deal Summary

TreviPay Acquires Apruve

On December 8, 2022, TreviPay acquired financial services company Apruve

Acquisition Highlights
  • This is TreviPay’s 1st transaction in the Financial Services sector.
  • This is TreviPay’s 2nd transaction in the United States.
  • This is TreviPay’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2022-12-08
Target Apruve
Sector Financial Services
Buyer(s) TreviPay
Deal Type Add-on Acquisition

Target

Apruve

Minneapolis, Minnesota, United States
Apruve is a provider that combines A/R automation with guaranteed next-day financing on all open invoices. With Apruve, B2B suppliers in local or international markets can reduce fixed costs in A/R by over 50%, shorten DSO to one day, and create an efficient purchasing experience for their customers. Apruve was founded in 2013 and is based in Minneapolis, Minnesota.

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Buyer(S) 1

Buyer

TreviPay

Overland Park, Kansas, United States
Category Company
Founded 1978
Sector Information Technology
DESCRIPTION

TreviPay specializes in the design, implementation, and management of commercial billing and payment solutions, specifically closed-loop, net pay programs. The company work with clients to identify specific credit requirements and transaction processing concerns in order to develop operational efficiencies that can foster business growth. TreviPay was formed in 1978 and is based in Overland Park, Kansas.

DEAL STATS #
Overall 2 of 2
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Minnesota M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-23 BATON Financial Services

New Orleans, Louisiana, United States

BATON Financial Services is a technology company provides B2B payments faster and more flexible for small B2B businesses. BATON Financial Services was founded in 2017 and is based in New Orleans, Louisiana.

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