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The Trustpair Story
Wire transfer fraud has quietly become one of the most material financial risks facing large organizations. CFOs and treasurers know the pattern: a fraudulent bank account change request slipped into a legitimate supplier email thread, a single wire instruction modified at the wrong moment, and millions move out of the company in minutes. Manual verification cannot keep pace, and traditional anti-fraud tools were never designed for the procure-to-pay layer.
Trustpair was built to close that gap.
Founded by Baptiste Collot, Alexandre Gillier and Simon Elcham, Trustpair has developed the leading platform for automated bank account verification of third parties, covering more than 190 countries. Where a manual check takes an average of 30 minutes per supplier, Trustpair delivers an instant result for 90% of assessments — freeing finance and treasury teams to focus on higher-value work while structurally reducing fraud exposure. The platform secures every stage of the procure-to-pay process and integrates natively with the ERP, TMS, and procurement tools that anchor enterprise finance operations.
For Axeleo, the conviction on Trustpair started with the founders. Baptiste Collot brought a rare combination of finance domain expertise, product instinct, and the kind of long-term operator discipline that B2B SaaS demands. The problem was real, the technology was differentiated, and the team showed from day one the seriousness required to build a global category leader.
From First Institutional Ticket to International Scale-Up
Axeleo Capital participated in Trustpair's very first funding round and has supported the founding team at every subsequent stage. Trustpair has since navigated every key milestone of a category-defining B2B SaaS: product maturation, first major enterprise wins, international expansion — including a robust response to the emerging threat of AI-powered fraud.
Behind that trajectory is a leadership team that has demonstrated, time and again, the ability to anticipate market shifts and adapt accordingly.
The latest signal of that conviction: Baptiste has relocated to New York to lead Trustpair's US expansion — a deliberate shift from European consolidation to transatlantic scale. American enterprises face an accelerating wave of AI-powered payment fraud, and the market appetite for a proven, enterprise-grade solution is significant. An operational commitment to winning a new market from the ground up.
We have seen this pattern before with Trustpair: a deliberate decision, made at the right moment, that repositions the company ahead of the curve. We are excited to support this next chapter.
A Long-Term Operating Partnership
Since 20198, our role has gone beyond capital. We have served as a long-term operating partner to Baptiste and the executive team, providing a dedicated space for reflection on the company's organizational growth. That collaboration has focused on three areas in particular:
- Scaling the leadership team: thinking through the evolution of the management layer to support international expansion.
- Strategic alignment: acting as a sounding board for Baptiste to stress-test and refine the company's trajectory.
- Human capital: sharing our experience on the organizational milestones that come with scaling from a small expert team to a global leader.
Why This Deal Matters
Trustpair is precisely the kind of company Axeleo seeks to back: a real problem with measurable economic stakes, a differentiated technology, and a leadership team capable of building a global category leader. Wire fraud prevention is no longer a niche treasury concern — it is becoming a foundational layer of enterprise finance infrastructure, and Trustpair is in pole position to define it.