Revenue Recovery Solutions Provider Finvi Acquires Fonative

Revenue Recovery Solutions Provider Finvi Acquires Fonative

FREMONT, CA: The fintech industry has been undergoing many changes over the past few years. Many payment innovations such as mobile wallets, contactless payments, identity verification technologies, and others have transformed the finance sector for the better.

Finvi, a premier provider of enterprise technologies that streamline and accelerate revenue recovery for clients across the accounts receivable management (ARM), healthcare, and government markets, has completed the acquisition of Fonative, a renowned compliant communications platform that helps businesses connect with customers.

For over a decade, Finvi's Omni Voice platform has relied on Fonative's Communications Platform as a Service (CPaaS). The acquisition brings the two technologies together in a way that accelerates Finvi's ability to offer an agile and compliant communications platform to its customer base.

The Communications Platform from Fonative enables businesses to meet the complex and ever-changing requirements imposed by industries such as government and revenue cycle communications. Finvi's acquisition of Fonative adds to its value across the accounts receivable market, where it has been the industry's most dependable collection platform for over 40 years.

"As Finvi continues to grow, a core part of our strategy is to identify intelligent ways that we can best accelerate our ability to meet our customers' needs," remarked Finvi CEO Tim O'Brien. "Our partnership with Fonative goes back more than a decade and includes over 100 customers currently using that technology. Bringing Fonative under the Finvi banner is a natural next step for our organizations to strengthen our commitment to both our employees and customers to deliver world-class technology solutions."

Fonative's patented "RegReady" PCI-DSS certified and HIPAA compliant platform is designed for regulated markets, giving customers confidence that their communications are driving toward desired business outcomes while also protecting customer as well as patient information.

"We are elated to join Finvi," remarked Fonative CEO Steve Smith. "Ten years ago, our team was thrilled to forge a strategic partnership with Finvi – finding in them a thought leader that shared our passions around data privacy, regulatory compliance and, most of all, customer success. Today we are equally excited to take the next step and join Finvi at a time when these elements continue to become even more critically important to the contact center and the business world in general."