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Eftsure acquires Relish to unify payment verification with vendor data checks
Money MovesTwo controls finance teams ran separately — supplier onboarding data and pre-payment bank checks — now sit in one platform
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Overview
Updated 58 minutes agoEftsure, an Australian firm that verifies payee identity and bank details before payments go out, bought US company Relish on September 3. The deal merges two controls finance teams have long run separately: checking a supplier's data at onboarding and checking the bank account at transfer time.
The combined platform protects US$288 billion in annual payments across roughly 4,000 corporate customers in 190 countries. Eftsure chief executive Jon Soldan frames the acquisition as creating one "payment assurance" layer from supplier onboarding to the moment money leaves the account.
Why it matters
Payment fraud now faces one defense spanning supplier onboarding, invoice review, and the final bank-account check before money moves.
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Key Indicators
$288B
Annual payments protected
The combined platform verifies payments worth this much each year.
4,000
Corporate customers
Across Eftsure, Sis ID, and Relish, serving North America, Europe, and Asia-Pacific.
11M
Vendors actively monitored
Supplier records tracked across 190 countries and territories.
45%
Annual recurring revenue growth
Eftsure's global ARR grew this much over the past year.
Related Media
Relish joins Eftsure, expanding payment integrity from onboarding to payment | Eftsure AU
Jon Soldan - CEO at Eftsure | LinkedIn
Supplier Data Validation & AI Invoice Automation | Relish
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People Involved
Organizations Involved
Eftsure
Private company — payment assurance platform
Acquirer; expanding globally after the Relish deal
Verifies payee identity and bank details before a payment is released.
Relish
Private company — AI vendor data validation and invoice automation
Acquired by Eftsure on September 3, 2026
Validates and enriches supplier data against government and third-party sources, and automates invoice review.
Sis ID
Private company — payment control
Subsidiary of Eftsure since June 2025
French payment-control firm providing real-time bank account verification in Europe.
Timeline
June 2025 September 2026
4 events
Latest: Yesterday
Tap a bar to jump to that date
-
Eftsure acquires Relish to combine payment verification and vendor data checks
Latest AcquisitionEftsure buys US firm Relish, merging payee verification with vendor data validation and invoice automation in one platform.
-
Eftsure launches in Singapore
ExpansionEftsure begins operations in Singapore, broadening its Asia-Pacific footprint ahead of the Relish deal.
-
Relish Data Assure named an SAP Endorsed App
ProductData Assure becomes available on SAP Store, integrating with SAP Ariba and S/4HANA for supplier onboarding checks.
-
Eftsure acquires French payment-control firm Sis ID
AcquisitionEftsure buys Sis ID to enter European markets and expand real-time bank account verification.
Historical Context
3 moments from history that rhyme with this story — and how they unfolded.
May 2012
SAP acquires Ariba (2012)
SAP paid $4.3 billion for Ariba, the largest supplier-network and procurement firm. The deal folded Ariba's supplier data into SAP's enterprise resource planning suite, giving customers a single source for vendor information inside their core systems.
Then
Ariba's supplier network grew under SAP's distribution and became the default procurement layer for large enterprises.
Now
SAP later absorbed Ariba into its S/4HANA and Business Network offerings, making supplier data a native part of the ERP.
Why this matters now
Eftsure is following the same playbook, absorbing a vendor data validation point solution into a broader payment platform instead of leaving it standalone.
January 2018
LexisNexis Risk Solutions acquires ThreatMetrix (2018)
LexisNexis Risk Solutions bought ThreatMetrix, a real-time fraud-detection firm used by thousands of banks and e-commerce sites. The deal paired LexisNexis's large identity-data holdings with ThreatMetrix's transaction-time risk checks.
Then
The combined data-plus-detection model became a standard for digital identity and fraud screening across industries.
Now
The merger showed that pairing reference data with live verification creates a durable product moat competitors struggle to match.
Why this matters now
Eftsure pairs its payee checks with Relish's government-sourced vendor data, the same data-plus-verification pattern ThreatMetrix used.
January 2020 - January 2021
Visa's blocked Plaid acquisition (2020-2021)
Visa agreed to buy Plaid for $5.3 billion to absorb the fintech network connecting bank accounts to apps. The US Justice Department sued to block the deal, arguing it would eliminate a nascent competitor to Visa's core network.
Then
The deal collapsed in January 2021 after the antitrust challenge, and Plaid remained independent.
Now
The episode showed both the pressure to consolidate payment data infrastructure and the antitrust risk in doing so.
Why this matters now
Eftsure's consolidation faces less regulatory scrutiny at its smaller scale, but the same dynamic of merging data layers with payment rails is at work.