Dubai-Based Fintech TreasuryXpress Acquired by Nasdaq-Listed Bottomline Technologies
The treasury management software provider is poised for expansion into the US, as it partners with a firm that boasts over 1,200 clients.
TreasuryXpress has been acquired by Nasdaq-listed US form, Bottomline Technologies, positioning the treasury management software specialist to take full advantage of its new partner’s global footprint to expand into the US.
Founded in 2007 by Anis Rahal, TreasuryXpress offers treasury and cash management software that aims to reduce costs and optimise the utilisation of cash and liquidity. Aimed at large corporates, banks and other financial institutions, the company boasts some 200 clients in MENA and Europe. With five offices worldwide and a technical hub in Lebanon, Rahal and co. are posed to expand even further.
In TreasuryXpress, Rahal has a cohort with over 1,200 banking and financial institution clientele and over 2,000 employees. Bottomline will now be able to extend its payment solution offerings thanks to TreasuryXpress' full treasury and cash management services, while including its white label transportation management system in its portfolio.
“I founded TreasuryXpress with a vision to serve the market with open and powerful treasury solutions that reduce complexity and add strategic value to financial teams everywhere,” said Rahal. “Now, as we combine with Bottomline, we enter a new phase in our innovation journey – one that allows us to enhance and innovate the full payments and cash lifecycle.”
Learn more about TreasuryXpress here.
