Convera WUBS

B2B cross-border platform, Western Union 2022 carve-out.

Definition

Convera offers international wires, FX hedging (forwards, options), mass payouts, ERP integration. 30,000+ B2B customers including UK / US universities (international student tuition collection), NGOs (Red Cross, Save the Children), midmarket international commerce.

Origin

Western Union Business Solutions originated from Custom House Group acquired by WU in 2009, carve-out + sale to Goldfinch + Baupost 2022, Convera rebranding 2022.

Usage

University student tuition collection (Oxford, MIT), NGO payouts, midmarket FX hedging. Competes with Pagero (treasury), OFX, Travelex.

Related terms

• Cross-border payments — catégorie.
• Western Union — ancien parent.
• FX hedging — service phare.