Finofo vs Convera: One’s built to sell you FX. The other’s built to run your finance stack.

Convera is a legacy brokerage wrapped in a platform login. Finofo gives modern finance teams control over AP, receivables, and payments — without the markups, middlemen, or manual work.

Why finance teams are walking away from Convera

Convera is still a brokerage. Just one with a login screen.You ask for rates. You wait for replies.“Consultative” just means commission.There’s no pricing breakdown. No transparency.And the product? Still stuck in 2011.

Behind the scenes?
Convera has changed hands again and again — from Customs House, to Western Union, to private equity.

But every owner ran the same playbook:

Sell FX. Don’t build product

Why finance teams are walking away from Convera

Convera is still a brokerage. Just one with a login screen.
You ask for rates. You wait for replies. “Consultative” just means commission. There’s no pricing breakdown. No transparency. And the product? Still stuck in 2008.

Behind the scenes?
Convera has changed hands again and again — from Customs House, to Western Union, to private equity.

But every owner ran the same playbook:

Sell FX. Don’t build product

What Convera lacks — and what Finofo brings to the table

Brokers talk about currency. Platforms solve operations. Here’s what that difference looks like side by side.
Features
Convera
Finofo
FX pricing
Hidden FX spreads, no rate visibility 
Transparent, flat and fixed rates with real-time conversions
FX control
You convert, they debit funds from your bank account, then you wait
You convert whenever you want 24/7 with access to your funds immediately
Accounts payable automation
Not supported
Fully automated AP platform from bill uploads to payments
Global receivables account
Limited support for global collection. FBO accounts.
You get access to 25+ global bank accounts in your company's name to receive funds
ERP integrations
Manual workflows or none
Two way integrations with leading ERPs like NetSuite, Dynamics and more.
Multi-entity management
Not supported
Manage multiple entities global finance operations from one platform
Automated approval policies for payments
Not available
Custom approval policies built into your payments process
Vendor communication
Manual or offline
Automatic vendor confirmation emails with payment details
Audit trail and logs
Unavailable or fragmented
Full audit trail for every action
Platform innovation, new feature releases or improvements
Legacy infrastructure with no product updates (non existent)
Built as a modern finance platform from day one
Support
Relationship-manager led FX sales
Product support, not sales pressure

What Convera lacks — and what Finofo brings to the table

Brokers talk about currency. Platforms solve operations. Here’s what that difference looks like side by side.
Features
Convera
Finofo
FX pricing
Hidden spreads
Fixed, real-time rates
FX control
They choose when
You choose when
AP automation
Not supported
End-to-end AP automation
Global receivables
Limited
25+ local accounts
ERP integrations
Manual or none
2-way ERP sync
Multi-entity
Not supported
One login, all entities
Approvals
Not available
Built-in policy-based
Vendor comms
Manual
Auto confirmation emails
Audit logs
Fragmented or none
Full, searchable trail
Product updates
Legacy system
Built for modern ops
Support
Sales-led FX focus
Real support, no pressure

Finofo gives you more than better FX — it gives you control

Global payables, with zero manual work

Upload bills, automate approvals, and send payments across 90+ in just a few clicks.No spreadsheets. No portals. No surprise FX markups. Just clean, scalable AP workflows.

Collect like a local, globally

Open 25+ currency accounts to receive funds faster and cheaper — no incoming wire fees. Convert when you’re ready, not when someone else decides. Finofo gives you total control.

Transparent FX, on your terms

Convert currencies instantly with clear, upfront rates. No forced conversions. No vague spreads. Just real-time pricing and full visibility into every transaction.

Built to integrate. Ready to scale.

Finofo syncs with your ERP to pull in bills and push back transaction data — in real time. Manage payables, receivables, and FX from one platform, fully integrated with your stack.

Real stories. Real results. See what our customers are saying

“As a cross-border organization, we’ve always juggled multiple accounts at a variety of institutions, which was painful and frustrating to keep track of. Switching to Finofo was incredibly easy with the support from their team and easy-to-use dashboard. We have already been able to cut down on our bank accounts, while still moving funds the way we need. We look forward to growing with the Finofo team.”

Allison Hall

COO at Truss Payments

“We chose to transition to Finofo for its seamless vendor payment process particularly for international transactions. Since then, we’ve also utilized Finofo’s currency conversion and charge card features. The onboarding experience was smooth, the platform is exceptionally user-friendly, and we have no regrets making the switch. We look forward to continuing to use Finofo for our payment needs.”

Andrea Burton

Director of Finance at Delphia

“Finofo has given us a better option for making international payments to vendors in the USA and China. Prior to Finofo, we were stuck paying international payments with visa credit cards that charged unfavorable exchange fees. We’ve utilized the platform to reduce the amount of exchange fees paid, AND negotiate better terms with vendors because we’re paying through SWIFT. This has reduced our international purchasing costs by about 2%”

Tyler Sieben

Co-Founder at Evalence Renewables

“The transition to Finofo was seamless and efficient. The support team was incredibly responsive and helpful, ensuring that our migration process was smooth and without any disruptions to our operations. The user-friendly interface and robust features have significantly enhanced our productivity. Highly recommend Finofo to any business looking for a reliable and efficient financial solution.”

Mark Evans

GM SHAC Solutions Inc.

Designed with security and compliance at the forefront

We take security seriously. Maintain SOX & COSO compliance with precise audit logs tracking every transaction, everywhere. With fraud detection, MFA, SSO, and enterprise-grade encryption, finance teams stay secure, compliant, and in control.