Overview of Transaction

• On September 3, 2026, Eftsure announced the acquisition of Relish, a US leader in AI-powered vendor data validation, workflow automation and invoice processing serving the enterprise market
• The combination brings trusted vendor data, invoice validation and independent payment verification into one global payment assurance platform
• Eftsure and Relish address different points in the same payment journey; Eftsure independently verifies the payee and bank details before a payment is released, while Relish’s Data Assure technology validates and enriches the vendor data behind those payments
• Relish’s Invoice AI technology automates and validates invoice processing, with the combined capabilities giving enterprises a unified foundation, reducing reliance on disconnected onboarding, validation and payment controls
• The combined group now serves more than 4,000 corporate customers globally, protects more than US$288 billion in payments annually, actively monitors 11 million vendors and provides coverage across 190 countries and territories, with the ability to verify accounts covering approximately 85% of the world’s banked population

Significance of Transaction

• The acquisition creates the global leader in trusted enterprise payments from onboarding to payment
• Together, Eftsure and Relish provide an independent layer of trust that works across businesses’ existing ERP, procurement, payroll and treasury systems, with the combined platform providing visibility from accounts payable and payroll to procurement and treasury
• The acquisition expands Eftsure’s global presence and follows its 2025 acquisition of France-based payment control company Sis ID, as well as its August 2026 launch in Singapore, with the combined group employing more than 600 people across North America, Europe and Asia-Pacific

FT Partners' Role

• FT Partners served as exclusive financial and strategic advisor to Eftsure
• This transaction highlights FT Partners’ deep domain expertise across the Office of the CFO, Fraud Prevention and Risk Management sectors, as well as its continued success providing buy-side advisory to leading global FinTech companies