# Convera (Convera)

> Convera provides B2B cross-border payment and foreign exchange solutions to businesses, including payroll and mass payment capabilities across 140+ currencies and 200+ countries.

## Facts
- **Website:** https://convera.com
- **Headquarters:** Seattle, Washington
- **Country:** United States
- **Founded:** 2021
- **Funding stage:** Private Equity-backed

## Overview
Convera is a non-bank B2B fintech that provides cross-border payment services, foreign exchange risk management, and compliance solutions to over 30,000 customers globally, including small businesses, enterprise treasurers, educational institutions, law firms, and NGOs. Its platform spans more than 140 currencies and 200 countries and territories, running on AWS cloud infrastructure and offering products from simple currency exchanges to sophisticated hedging solutions.

Formerly known as Western Union Business Solutions (WUBS), Convera was acquired in 2021 by private equity firms Goldfinch Partners and The Baupost Group for $910 million and rebranded as a standalone entity. The company completed its full global transition, including its European business, in 2023. It reported over $500 million in annual revenue and is headquartered in Seattle, Washington.

## Sources
- [Convera completes global transition](https://convera.com/blog/company-news/convera-completes-global-transition/) — official
- [Convera Announces Final Closing of Western Union Business Solutions](https://www.businesswire.com/news/home/20230710685281/en/Convera-Announces-Final-Closing-of-Western-Union-Business-Solutions-Completing-Global-Transition) — third_party
- [Convera Announces Final Closing of Western Union Business Solutions](https://www.businesswire.com/news/home/20230710685281/en/Convera-Announces-Final-Closing-of-Western-Union-Business-Solutions-Completing-Global-Transition) — third_party
- [Convera completes purchase of Western Union Business Solutions](https://ibsintelligence.com/ibsi-news/convera-completes-purchase-of-western-union-business-solutions/) — third_party
- [Convera Company Profile — Craft.co](https://craft.co/convera) — third_party
- [Convera — Crunchbase Company Profile](https://www.crunchbase.com/organization/convera) — third_party
- [Convera 2026 Company Profile — PitchBook](https://pitchbook.com/profiles/company/10058-68) — third_party
- [Convera — Crunchbase Company Profile](https://www.crunchbase.com/organization/convera) — third_party
- [Convera — CB Insights](https://www.cbinsights.com/company/convera) — third_party
- [Convera completes purchase of Western Union Business Solutions](https://ibsintelligence.com/ibsi-news/convera-completes-purchase-of-western-union-business-solutions/) — third_party
- [Convera 2026 Company Profile — PitchBook](https://pitchbook.com/profiles/company/10058-68) — third_party
- [Convera Announces Final Closing of Western Union Business Solutions](https://www.businesswire.com/news/home/20230710685281/en/Convera-Announces-Final-Closing-of-Western-Union-Business-Solutions-Completing-Global-Transition) — third_party

## FAQ
**What does Convera do?**

Convera provides B2B cross-border payment and foreign exchange solutions to businesses, including payroll and mass payment capabilities across 140+ currencies and 200+ countries.

**Where is Convera headquartered?**

Convera is headquartered in Seattle, Washington, United States.

**When was Convera founded?**

Convera was founded in 2021.

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**Verification:** partially_verified · last reviewed 2026-10-03
**Canonical page:** https://www.dhrmap.com/companies/convera
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