Finance

TreviPay Announced Acquisition of BATON Financial Services, Inc.

small B2B businesses
TreviPay announced its acquisition of BATON Financial Services, Inc. TreviPay is a global financial technology company. BATON is a technology company that has built a unique, innovative B2B invoice payments network. Baton's payments network enables the smooth delivery of structured financial services in conjunction with banking institutions to address the trade credit demands of small companies. This successful purchase is part of TreviPay's continued worldwide expansion strategy to improve the speed and flexibility of B2B payments for its clients.

TreviPay is now expanding its assistance for small company suppliers by enabling them to give trade credit to their customers without incurring the risk, delay in payments, or complexity associated with maintaining accounts receivable. As small businesses struggle with liquidity, the ability to issue trade credit helps free up cash flow while also fostering customer loyalty and preserving competitive B2B market share.

“Baton’s extensive track record in revolutionizing financial services for small businesses made the company a natural, strategic fit for TreviPay. By joining forces, TreviPay will grow its trade credit solutions to help expand the selling power and global commerce capabilities of small businesses lacking traditional financing support.”

Brandon Spear, CEO of TreviPay

Rissi Lovern, Former CEO of Baton, now Chief Risk Officer of TreviPay stated, “A business’s best source of capital is often hidden in its balance sheet, in accounts receivable. TreviPay’s acquisition of Baton enables us to take our solution directly to small businesses, in addition to financial institutions, to unlock this capital. Together, we will be able to provide a trade credit solution to support this underserved market.”

The announcement comes on the heels of TreviPay's executive leadership expansion in December 2021, when Jeff Coppolo was appointed Chief Revenue Officer and Rissi Lovern was appointed Chief Risk Officer, both of whom will contribute to TreviPay's growth in this industry.

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