Australian startup Troovo has been acquired by e-invoicing and B2B payments firm Voxel.
It will lead to the consolidation of its B2B payment solutions by integrating Troovo’s technology into baVel Pay’s payment platform.
With the integration it add new functionalities – connectivity with GDSs and a decision engine, developed and patented by Troovo.
Companies that process B2B payments through baVelPay can now use a fully automated process via Robotic Process Automation.
baVel Pay retrieves the booking from a GDS or Channel Manager, and can distribute the payment directly to the hotel, reconciling the electronic invoice, settling the payment and finally sending a reconciliation report to both the payer and the payee.
Voxel will maintain Troovo’s offices and team in Sydney and Melbourne with the aim of expanding its business in the Asia Pacific region.
It will also continue to serve the Australian startup’s entire client portfolio, which includes Webbeds, FlightCenter and QBT, via integration into the baVel network.
Following this acquisition, baVel Pay expects to process around six million transactions by 2022.
