JEGI LEONIS has advised FTNI on their sale to Ascendant, a portfolio company of Battery Ventures.

FTNI helps businesses streamline accounts receivable operations on a single, secure, cloud-based platform that accepts any payment method through any channel, and automates cash application. Founded in 2007, the Company supports 20,000+ users at 1,000+ organizations across industries including financial services, distribution, insurance, nonprofit, property management, real estate, technology, and utilities. 

The combination pairs Ascendant’s cross-border payments capabilities and FTNI’s receivables automation platform, giving businesses and financial institutions more choice to streamline money in, money out, and the reconciliation in between. With FTNI’s ETran platform optimizing receivables and Ascendant’s aPay solution powering global payables, clients gain access to complementary tools that simplify financial operations from end to end.