Eftsure has launched in Singapore, extending its payment verification infrastructure into the city-state and expanding its reach across the Asia-Pacific region.
The Australia-founded company said the move is aimed at finance teams managing vendor payments across multiple countries, with Singapore positioned as a major regional hub for trade and cross-border transactions.
The expansion comes amid ongoing concerns about payment fraud and redirection scams. The release cited the ACCC’s Targeting Scams report, which said payment redirection scams cost Australians $167 million in 2025, a 9.3% increase on the prior year. It also pointed to business email compromise as a continuing risk, as artificial intelligence reduces the cost and effort required for impersonation.
Eftsure said its approach provides finance teams with a continuously verified source of payment data, rather than one-off checks at vendor onboarding. It said it confirms payment details before funds are transferred and monitors vendor data for changes over time, using a combination of identity checks, anomaly detection and analyst review.
The company said the same verification is intended to apply across multiple payment types, including procure-to-pay, payroll and payment flows such as insurance claims.
Eftsure said its verification infrastructure spans more than 190 countries and territories, covering 85% of the world’s banked population, and supports local business and payment conventions. It said the Singapore launch extends that capability across vendor networks in the market.
Karthik Manimozhi, Global President, Growth and Markets at Eftsure, said:
“AI has made fraud cheap to produce and truth expensive to verify. CFOs are still trying to keep control of payments while contending with synthetic instructions, human error, and data scattered across disconnected systems. In a financial hub like Singapore, that pressure compounds with every cross-border transaction.
“Manual checks and callbacks were designed for a world where deception took effort and cost money. Trust now has to sit inside the infrastructure itself, validating payment data before money moves, and that is what we provide.
“This is a broader operational challenge than fraud risk alone. Verifying the payee, the amount, and the timing on every payment also catches the errors and duplicate payments that quietly drain cash and margin, which means embedded trust becomes savings the business can measure.”
Jon Soldan, Chief Executive Officer of Eftsure, said:
“Finance leaders are expected to move faster, even as they tighten their governance and audit controls. That depends on confidence in the data behind every payment. Eftsure gives organisations a way to continuously monitor payments at scale, helping reduce payment risk while strengthening the controls that support finance, audit and the wider business.”
Andy Thiss, Senior Vice President and General Manager at Eftsure, said:
“Many organisations already operate across vendors in multiple countries, but their verification processes are often fragmented and heavily manual. Our launch in Singapore gives finance teams access to the same global payment verification network trusted by thousands of organisations worldwide.”
Eftsure said it was founded in Sydney in 2014 and acquired France’s Sis ID in 2025. The company said it has expanded its enterprise offering across Europe, the United States and the Asia-Pacific, and now operates across Australia, New Zealand, the United States and France.
The company said it supports more than 4,000 organisations and safeguards more than A$288 billion in business-to-business payments each year.
