June 30 2026 – Tampa, Fla. & Dublin
A strategic move in the race to embed finance
On June 30, 2026, onPhase—a platform that merges finance and operational workflows through artificial intelligence—joined forces with TransferMate, a leading provider of embedded B2B payments infrastructure. The collaboration is designed to bring seamless, regulated cross‑border payment functionality into onPhase’s existing suite, allowing finance teams to manage accounts payable (AP) and execute international transactions without leaving the platform.
Both companies framed the partnership as a response to growing demand from midsize and enterprise customers that need a single, unified environment for invoice processing, approval, and payment across multiple jurisdictions. By integrating TransferMate’s network—backed by 100 regulated licenses across 93 jurisdictions—onPhase can now offer its users a “one‑stop shop” for domestic and international payments, promising tighter controls, reduced fraud exposure, and a consolidated data view.
Why embedded payments matter now
The fintech landscape has been shifting toward embedded finance solutions that sit inside core business applications. Companies increasingly prefer to avoid the friction of toggling between separate ERP, AP, and payment systems. Instead, they look for end‑to‑end workflows that combine data capture, approval routing, and settlement in a single interface.
For finance leaders, the benefits are clear:
- Operational efficiency – Automation of invoice capture, matching, and payment reduces manual entry and the associated risk of errors.
- Working‑capital visibility – A unified ledger that reflects both receivables and payables helps CFOs optimize cash flow.
- Compliance simplification – A single, regulated payment gateway eases the burden of meeting local anti‑money‑laundering (AML) and Know‑Your‑Customer (KYC) requirements across borders.
onPhase’s AI‑driven platform already consolidates AP automation, document management, and workflow orchestration. Adding TransferMate’s global payments layer extends those capabilities to cover the full payment lifecycle for suppliers located in North America, Europe, the Middle East, and beyond.
How the integration works
The partnership hinges on a deep API connection between onPhase and TransferMate. When a user approves an invoice within onPhase, the system can now trigger a payment request that is routed through TransferMate’s global payments network. The network supports:
- Multi‑currency payments – Users can pay in the supplier’s local currency while onPhase handles foreign‑exchange (FX) hedging.
- Local payment methods – TransferMate’s licensing allows for region‑specific settlement options, such as ACH in the U.S., SEPA in Europe, and local bank transfers elsewhere.
- Secure storage and reporting – All transaction data is retained within the onPhase environment, preserving audit trails and enabling role‑based access controls.
By embedding the payment function, onPhase eliminates the need for separate payment providers or manual bank file uploads, a step that many finance teams still perform today. The result is a tighter feedback loop: payment status updates flow back into the AP dashboard in real time, giving finance professionals a complete picture of outstanding liabilities and cash outflows.
Regulatory depth behind the partnership
TransferMate’s infrastructure is notable for its breadth of regulatory coverage. Holding 100 separate licenses, the firm operates under the supervision of financial authorities in 93 jurisdictions, making it the most extensively licensed fintech payments network worldwide. This extensive licensing framework ensures that every cross‑border transaction processed through the onPhase‑TransferMate link complies with local banking regulations, AML directives, and sanctions screening requirements.
For onPhase customers, this translates into a “single‑partner” compliance model: they can rely on TransferMate’s regulatory expertise instead of navigating a patchwork of local banking relationships. The partnership also designates TransferMate as the exclusive provider for onPhase’s cross‑border payments, while onPhase continues to support its existing domestic payment capabilities.
Market impact and competitive positioning
The integration positions onPhase alongside a growing cohort of spend‑management platforms that are embedding payments, such as Coupa, Tipalti, and Tradeshift. However, the onPhase‑TransferMate alliance differentiates itself through the sheer scale of TransferMate’s licensing network and the machine‑learning models baked into onPhase’s core.
From a competitive standpoint, the move could accelerate onPhase’s expansion beyond its current North‑American stronghold into EMEA markets where TransferMate already has a foothold. For TransferMate, the partnership deepens its penetration into the spend‑management software layer, a sector where the firm has previously focused on providing white‑label payment capabilities.
Industry analysts have noted that the “embedded finance” trend is moving from a niche offering to a mainstream expectation. Companies that can provide a seamless, compliant, and globally scalable payment experience are likely to capture a larger share of the $30 billion B2B payments market projected for the next five years.
Voices from the front lines
“Finance teams are increasingly looking for ways to streamline operations, reduce manual processes and manage payments more efficiently without leaving the systems they already rely on,” said Gary Conroy, President and Chief Commercial Officer at TransferMate. “By partnering with onPhase, we are embedding global payment capabilities directly into financial workflows, helping organisations automate international payments, improve efficiency and gain greater control over their payables processes. It’s a partnership that demonstrates our continued commitment to supporting the evolving needs of finance leaders through embedded financial infrastructure.”
“Many of our customers already work with suppliers that operate beyond the United States and have locations across North America and broader EMEA and APAC markets. This partnership allows us to better support those customers, giving finance teams the ability to execute payments within the same workflows they already rely on to pay their suppliers domestically,” said Robert Michlewicz, CEO of onPhase. “When cross‑border payments run on the onPhase platform, finance teams gain a complete picture of cash and payables. This visibility enables optimizing working capital and keeping pace with their growing business demands. We continue to invest in the capabilities our customers need to run their financial operations with greater efficiency and confidence, and this partnership directly aligns with that commitment.”
Industry context: embedded finance and AI convergence
The onPhase‑TransferMate deal arrives at a moment when AI and embedded finance intersect more than ever. onPhase’s platform leverages automation of invoice capture to predict invoice anomalies, suggest optimal payment dates based on cash‑flow forecasts, and auto‑categorize spend. By feeding real‑time payment status data from TransferMate into those models, the system can refine its recommendations, creating a feedback loop that continuously improves accuracy.
Moreover, the partnership aligns with open‑banking initiatives that are gaining traction in Europe and North America. While TransferMate already operates under a network of regulated licenses, the ability to route payments through an open‑banking‑compatible API could further simplify reconciliation for enterprises that have embraced real‑time payment rails such as the U.S. FedNow service or the European Instant Payment Scheme (SEPA Instant).
Looking ahead: potential extensions and challenges
While the current agreement focuses on cross‑border payments, the exclusive nature of the partnership suggests future expansions. Potential next steps could include:
- FX hedging services – TransferMate’s platform already supports currency conversion; deeper integration could allow onPhase users to lock in rates ahead of settlement.
- Supply‑chain financing – Embedding working‑capital products, such as dynamic discounting, could be a logical extension for the combined solution.
- Enhanced analytics – Joint dashboards that marry spend analytics with payment performance metrics could provide CFOs with richer insights.
Nevertheless, challenges remain. Integrating two complex, compliance‑heavy systems demands rigorous testing to avoid data mismatches and ensure real‑time synchronization. Additionally, as global regulations evolve—particularly around digital payments and data privacy—both firms must stay agile to maintain their licensing footprint.
Bottom line
The onPhase and TransferMate partnership marks a concrete step toward the broader fintech vision of fully embedded, end‑to‑end financial operations. By marrying onPhase’s AI‑driven AP automation with TransferMate’s regulated global payments network, the combined offering promises to simplify cross‑border transactions, tighten compliance, and give finance teams a clearer view of cash flow.
For enterprises that have been juggling disparate systems to manage domestic and international payables, the integrated solution could reduce operational overhead, mitigate fraud risk, and accelerate the move toward a unified finance operating model.
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