TreasuryXpress acquired by Nasdaq-listed Bottomline

TreasuryXpress acquired by Nasdaq-listed Bottomline

Dubai-based SaaS treasury management software provider TreasuryXpress, has been acquired by Nasdaq-listed Bottomline Technologies.

TreasuryXpress offers treasury and cash management solutions to large corporates, banks and other financial institutions. Since its founding, the company has helped treasurers globally reduce costs and optimise cash and liquidity utilisation. 

TreasureyXpress now counts 200 clients across Europe and the Middle East and North Africa (Mena) region, including marquee banking and financial institution clients. Among its top clients is a Norway-based financial services group, which used TreasuryXpress' white label transportation management system (TMS) for their SME clientele.

The company launched its technical hub in Lebanon with investment from Middle East Venture Partners (MEVP) and several other Mena-based co-investors including SMEs and The Luxury Fund have invested in TreasuryXpress. The company now has five offices worldwide.

Anis Rahal, CEO and founder of TreasuryXpress said: "I founded TreasuryXpress with a vision to serve the market with open and powerful treasury solutions that reduce complexity and add strategic value to financial teams everywhere. I would like to thank MEVP for believing in our vision. With their support, we have become a global leader in on-demand and digital treasury management technology.  Now as we combine with Bottomline, we enter a new phase in