Eftsure and Sis ID Join Forces to Create a Global Leader and Redefine Payment Protection

Global financial cybersecurity is set to undergo a major shake-up. The Australia-headquartered global market leader in payment fraud prevention Eftsure today announced the acquisition of French fintech Sis ID. With this strategic tie-up, the two companies will become the world’s largest business payment protection platform. Together, they will redefine the payment protection market amid a rapidly evolving fraud landscape. 

Strong signal to the market

The merger between Eftsure and Sis ID will enable the two companies to ramp up the fight against payment fraud to a global scale. The move brings together a customer base of more than 3,500 organisations, a consolidated presence on three continents and payment verification coverage across more than 30 countries. The merged entity will effectively be the world’s first provider of a unified, collaborative and instantly deployable solution for protecting business payments. 

In Australia, payment fraud — also known as Authorised Push Payment (APP) — skyrocketed by 67% in 2024, causing businesses to lose AUD $153 million. In Europe, for every euro lost through fraud, companies actually lose €4, taking into account direct financial losses, crisis management costs and reputational damage. These risks are now increasingly global — calling for a coordinated cross-border response.

Shared vision and a vast pool of expertise

Both focused on offering guaranteed protection for every payment in every market, Eftsure and Sis are closely aligned in values and vision. By combining their technological expertise, a deep understanding of regulatory requirements and the power of their user communities, the two partners will spawn a robust ecosystem capable of anticipating the most sophisticated fraud scenarios. The two companies are a complementary strategic fit: Eftsure’s platform helped protect 288 billion AUD dollars in business payments in 2024, while Sis ID has developed a one-of-a-kind collaborative model, which currently counts 100,000+ active clients. Together, the two market leaders will form an unequalled global network for verifying the validity of bank details provided by third parties as well as guaranteeing the legitimacy of each transaction — across all time zones.

A new gold standard for major corporations

Customers of this newly formed global leader — mostly CAC 40 Index and Fortune 500 companies — can now call on the support of 400 experts in France, Spain, the US and Australia. These unrivalled capabilities mean that customers worldwide will benefit from flawless service continuity, tailored support and a granular knowledge and understanding of industry and geographic requirements. 

For organisations, payment protection has never been more vital. Working with a partner that offers multi-factor verification — from onboarding vendors to receiving invoices and making payments — represents a strategic competitive advantage. 

Commenting, Eftsure CEO Jon Soldan said: “This merger is a crucial step forward for our industry. By joining forces, Eftsure and Sis ID will become the world’s foremost provider of business payment protection solutions. Thanks to our global coverage, our growing database of verified vendors and our ability to protect every dollar, euro or yen wired in the world, we offer organisations complete peace of mind. We’re incredibly excited about our shared future and eager to start serving customers on a global scale.”

Sis ID CEO Laurent Sarrat said: “Cybercrime is a global problem and it demands global solutions. Sis ID and Eftsure share a common mission to restore business leaders’ confidence by providing robust, integrated and collaborative protection for every payment in every market. This is a major milestone for our customers and for the market in general. We’re delighted to be teaming with Efsure to bolster our position and strengthen our ability to offer guaranteed protection for every payment in every market.”

This merger ushers in a new era in payment protection, reshaping the financial landscape. The market can now count on a global leader to provide international business leaders with a coordinated, global platform tooled to meet the challenge.