Eftsure Acquires Relish to Extend Fraud Checks From Vendor Onboarding to Payment
The deal combines Relish's AI-driven vendor data validation and invoice processing with Eftsure's payment verification, aiming to catch supplier fraud and invalid bank details before money moves rather than after.
NEW YORK — Eftsure said it has acquired Relish, combining Relish's AI-powered vendor data validation and invoice processing tools with Eftsure's independent payment verification service. The companies described the deal as extending fraud controls "from onboarding to payment" — covering the point where a new supplier is added to a company's systems through the point where an invoice is actually paid.
Relish's Data Assure technology validates and enriches vendor identity, banking, tax and compliance data against live government and third-party sources, while its Invoice AI product automates and checks invoice processing for errors. Layered together with Eftsure's existing payment-verification checks, the combined product is aimed at catching supplier fraud, invalid or altered bank details, duplicate payments and incorrect amounts before funds are actually released.
Business email compromise and vendor impersonation fraud — where a criminal poses as a legitimate supplier and redirects a payment to a new bank account — has remained one of the more persistent categories of payment fraud for corporate finance teams, in part because a single successful account-detail swap can go undetected until a real vendor reports a missed payment. Combining identity and compliance validation at onboarding with transaction-level verification at the moment of payment is a common structure for vendors in this space, and the acquisition suggests Eftsure is betting that owning both ends of that workflow is more defensible than partnering across two separate vendors.
Financial terms of the acquisition were not disclosed by either company, and neither Eftsure nor Relish provided customer or revenue figures at announcement. As with any newly combined product, the practical test will be how cleanly the two systems integrate and whether the combined checks reduce false positives — flagging legitimate vendors as suspicious — rather than simply adding a second layer of friction on top of the first.