Ascendant’s FTNI Acquisition Expands Domestic and Global Payables and Receivables Capabilities

AscendantFX Capital Inc. acquired Financial Transmission Network, Inc. (FTNI), pairing Ascendant’s cross-border payments capabilities and FTNI’s receivables automation platform to give businesses and financial institutions more choice to streamline money in, money out, and the reconciliation in between.

“FTNI’s strength in integrated receivables aligns with our vision to remove payment friction across financial workflows,” says Shemina Jiwani, CEO of Ascendant. “Together, we are expanding the tools our clients can use to reduce manual work, improve visibility, and scale with confidence. This acquisition is a significant step in our strategy to accelerate growth and reach new business milestones.”

Key takeaways:

·        FTNI’s ETran platform optimizing receivables and Ascendant’s aPay solution powering global payables simplifies financial operations from end to end.

·        Features include enhanced payables and receivables solutions, serving both domestic and international business needs; expanded technology, expertise, and service offerings; and continued commitment to white-glove support and consultative partnership.

“This is an exciting new chapter for FTNI and our clients,” says Kurt Matis, president and CEO of FTNI. “As part of Ascendant, we will have more resources to invest in our technology and people, while maintaining the focus on client experience that has always defined our company. Together, we’re better positioned to help organizations simplify payments, improve efficiency, and grow with confidence.”