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Eftsure and France-based Sis ID have joined forces to provide payment protection in major markets across the globe.
Eftsure unveils European merger to bolster fraud protection
27 June 2025
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8 minute read
Payment fraud prevention platform, Eftsure, has revealed its strategic merger with Sis ID in a move to enable organisations to validate more suppliers and protect business payments worldwide.
Eftsure noted the international expansion and merger allowed the combined entity to provide payment protection in major markets in Australia, New Zealand, the US, Europe, China and India, with global payment verification expected to be achieved at the tail end of the year.
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Jon Soldan, chief executive of Eftsure, said fraud tactics were increasingly sophisticated and difficult to detect, with cyber criminals leveraging AI tools to produce realistic fake documents and target businesses at scale.
“Eftsure and Sis ID share the common goal of preventing these fraudsters from getting a payout. Combining our resources means we’ll be able to verify more vendors and protect more payments in more markets around the world, all while keeping pace with a rapidly evolving threat landscape,” Soldan said.
Though the terms of the deal had not been disclosed, Eftsure and Sis ID said the deal came at a critical time for businesses as they looked to minimise vulnerabilities in a heightened risk environment.
According to Eftsure's monthly customer data, there was currently the largest ever volume of known fraud attempts since the company was founded in 2014, and the Australian Competition and Consumer Commission reported that payment redirection scams had increased by 67 per cent to $153 million last year.
The merger would combine more than 20 years of experience in business payment fraud prevention, a customer base of over 3,500 organisations and support offices across Australia, the US and France.
Soldan said this positioned the merged entity to service a greater number of large enterprises, especially those that managed global supply chains.
“Finding a company so closely aligned in values and vision is rare. We share the same perspective on fraud prevention, operational excellence, and what the industry needs to progress.”
“We’re incredibly excited about our shared future and our commitment to serving customers on a global scale.”
Laurent Sarrat, chief executive of Sis ID, said the deal made sense because both organisations were focused on helping businesses to build cross-border defences.
“Cybercrime is a global problem and it demands global solutions. Sis ID and Eftsure share a common mission to create collaborative cybercrime solutions that enable business leaders to focus on other priorities,” Sarrat said.
“Sis ID has been working for years to deliver global coverage and verify as many payments as possible. Together with Eftsure, we’re well-positioned to offer guaranteed protection for every payment in every market.”
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