Finofo vs Corpay: One is stitched together from acquisitions. The other is built for finance teams.

Corpay offers AP automation, global payments, and FX — but behind the scenes, it’s a patchwork of tools pulled together through years of acquisitions. Finofo gives you everything in one modern, integrated platform.

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 moving away from Corpay

Corpay looks like a platform. But underneath, it’s a pile of disjointed tools acquired from other companies — stitched together, branded, and resold.
From invoice automation to cross-border payments, every piece started somewhere else. And every acquisition brings new contracts, new data issues, and a more complicated product.
They’re not building for you. They’re buying features to sell you FX.

If your payments provider is acquiring a new company every few months, ask yourself:

What product are you actually getting?

What Corpay complicates, Finofo simplifies

When you build a platform through acquisitions, complexity is inevitable.
When you build it for finance teams from day one, everything just works.
Features
Corpay
Finofo
Platform design
Built through multiple acquisitions
Unified, purpose-built platform
AP automation
Available, but often modular and fragmented
Multiple bill upload options, automated approvals and bulk payments
FX control and spend
Fluctuating and high FX spreads
Transparent FX rates with real-time conversions
International receivables accounts
Limited or external support
Open 25+ global bank accounts instantly for free to accelerate receivables
ERP integration
Available with limited capabilities
Full two-way sync built into the platform
Multi-entity management
Not native, needs workarounds
Manage multiple entities on one platform
Audit trail and reporting
Fragmented by tool
Full audit trail available for every transaction
Support model
Sales-first, FX-driven support
Product-first support team
Product innovation
Slowed by mergers and acquisitions 
Fast, direct product innovation by one team

What Corpay complicates, Finofo simplifies

When you build a platform through acquisitions, complexity is inevitable.
When you build it for finance teams from day one, everything just works.
Features
Corpay
Finofo
Platform design
Acquisition-built
Unified platform
AP automation
Available yet fragmented
Multi-upload, auto approval, bulk pay
FX control and spend
Volatile FX spreads
Transparent, real-time FX rates
International receivables
Sparse support
25+ global accounts
ERP integration
Available yet limited
2-way ERP sync
Multi-entity
Requires workarounds
One login, all entities
Audit trail
Tool-fragmented
Per-transaction audit trail
Support model
Sales-first FX support
Product-led support
Product updates
M&A slowdown
Fast, direct innovation

Finofo gives you one platform — not a patchwork of tools

True global AP automation

Upload bills, route approvals, and pay globally in just a few clicks. No spreadsheets, no clunky modules — just one clean flow from bill to payment.

Real FX control, not sales pressure

Convert currencies when you want, with transparent rates you can see upfront. No hidden spreads, no “consultative” upsells.

Faster receivables, fewer barriers

Open 25+ global currency accounts instantly. Collect payments like a local and access your funds faster — without waiting on third-party systems

ERP integrations that actually work

Finofo connects directly to your ERP.Pull in bills, push back payments, and sync every transaction without manual rework.

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.