AscendantFX Capital announced the acquisition of Financial Transmission Network (FTNI), a leading provider of integrated receivables and payment processing solutions. The deal combines Ascendant’s cross-border payment expertise with FTNI’s automation platform, creating a unified suite of financial tools that streamline how businesses and financial institutions manage both incoming and outgoing payments.
The integration of FTNI’s ETran platform for receivables and Ascendant’s aPay solution for global payables will provide clients with a more comprehensive and efficient approach to financial operations. The combined capabilities will enable organizations to streamline money movement, enhance reconciliation, and minimize operational inefficiencies through automation and advanced financial technology.
The acquisition enhances Ascendant’s position as a global payments provider by expanding its technology base and service offerings. Clients will benefit from a broader range of solutions that cover both domestic and international payables and receivables, as well as continued access to Ascendant’s consultative expertise and white-glove service model.
Support: JEGI LEONIS, a leading M&A advisory firm specializing in technology, software, media, and business services, advised FTNI on the transaction.
KEY QUOTES:
“FTNI’s strength in integrated receivables aligns with our vision to remove payment friction across financial workflows. Together, we are expanding the tools our clients can use to reduce manual work, improve visibility, and scale with confidence. This acquisition is a significant step in our strategy to accelerate growth and reach new business milestones.”
Shemina Jiwani, CEO of Ascendant
“This is an exciting new chapter for FTNI and our clients. As part of Ascendant, we will have more resources to invest in our technology and people, while maintaining the focus on client experience that has always defined our company. Together, we’re better positioned to help organizations simplify payments, improve efficiency, and grow with confidence.”
Kurt Matis, President & CEO of FTNI
