The acquisition of Clearwater Payments marks the second acquisition by DocuPhase in 2021. Earlier in April 2021 the firm acquired Treeno Software. The acquisitions enable DocuPhase to offer end-to-end payments within the A/R and AP automation marketplace.
Clearwater Payments is a cloud-based electronic billing and payment solution provider that uses an open-API technology stack and rules-based payments engine to deliver custom EBPP tools and services. The firm supports and processes B2C and B2B payments for enterprise clients in banking, insurance, and utilities.
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