Eftsure acquires Sis ID to create global payment protection giant
Eftsure has announced the acquisition of Paris-based Sis ID, marking a significant expansion in the global payment fraud prevention sector.
The agreement brings together two companies known in the field of payment protection, establishing what is anticipated to be the world's largest platform for business payment protection. The combined group now serves a customer base exceeding 3,500 organisations, has a consolidated operational presence across three continents, and offers payment verification capabilities spanning more than 30 countries.
Global expansion
With a rise in payment fraud incidents globally, the unified company is responding to an urgent need. In Australia, incidents of Authorised Push Payment (APP) fraud increased by 67% in 2024, resulting in losses estimated at AUD $153 million. Meanwhile, analysis in Europe indicates that for every euro lost to fraud, companies incur total costs of €4 when including direct losses, crisis management, and reputational harm.
Industry analysts have highlighted the increasingly international nature of these risks, emphasising the need for coordinated responses across borders. According to the companies, this expanded reach marks the first time a unified, instantly deployable solution will be available to protect business payments on a global scale.
Expertise and collaboration
Eftsure and Sis ID have stated their shared aim to provide guaranteed payment protection in every market. Eftsure's technological base has reportedly helped safeguard AUD $288 billion worth of business payments in 2024. Sis ID's collaborative business model involves over 100,000 active clients on its platform.
The companies will pool their technological expertise and regulatory knowledge, alongside the power derived from their user networks. As a result, both parties expect the creation of a more resilient ecosystem for predicting and preventing advanced forms of payment fraud. Verification of bank details associated with third parties will be possible worldwide, as will confirmation of transaction legitimacy.
Implications for large corporations
Clients of the combined group, which includes CAC 40 Index and Fortune 500 companies, will have access to a team of 400 specialists dispersed across France, Spain, the United States, and Australia. The group states that this global network is positioned to deliver continuous support, industry-specific expertise, and an understanding of complex local requirements to their international customer base.
The companies contend that multi-factor verification—covering the entire process from onboarding vendors through invoicing to final payments—offers an operational advantage for customers seeking to reduce the risks associated with payment fraud.
Leadership perspectives
Jon Soldan, CEO of Eftsure, said:
"This merger is a crucial step forward for our industry. By joining forces, Eftsure and Sis ID will become the world's foremost provider of business payment protection solutions. Thanks to our global coverage, our growing database of verified vendors and our ability to protect every dollar, euro or yen wired in the world, we offer organisations complete peace of mind. We're incredibly excited about our shared future and eager to start serving customers on a global scale."
Laurent Sarrat, CEO of Sis ID, said:
"Cybercrime is a global problem and it demands global solutions. Sis ID and Eftsure share a common mission to restore business leaders' confidence by providing robust, integrated and collaborative protection for every payment in every market. This is a major milestone for our customers and for the market in general. We're delighted to be teaming with Efsure to bolster our position and strengthen our ability to offer guaranteed protection for every payment in every market."
Broader context
The merger responds to growing concern over cross-border cybercrime and the pressure on businesses to strengthen defences against evolving threats. Both companies have noted that verification software, collaborative models and a broad user base are critical factors in enhancing payment security. The combined group will leverage these assets to deliver cross-continental coverage and operational resilience. Their joint verification systems will now be available to organisations requiring guaranteed protection for international payments.
The expanded entity states that it will offer solutions capable of meeting new global threats as fraud tactics change, by leveraging technology and shared intelligence across industries and regions.
