Thus far, the division has made use of Clearshift's global payments network to enable large-scale capital investments and disbursements between overseas investors and fund administrators, asset managers, and real estate property managers.

Agora will now act as the division's main client-facing interface with "user-friendly investment management tools" as part of the purchase, the total value of which has not been disclosed. Clearshift will continue to oversee all payment execution and compliance tasks.

Agora's clients who are not currently Clearshift subscribers stand to gain from "a transparent solution to foreign exchange activity" that enables "seamless distributions and contributions in any currency worldwide." Clearshift's integration into the Agora platform will offer "enhanced capabilities" to its current clients.

According to Clearshift CEO Ari Dobner, "after years of refining our fund manager payment solution, it became clear to us that our clients would truly benefit from a full investor management solution with seamless payment integration."

According to Bar Mor, co-founder and CEO of Agora, "the substantial customer overlap between Agora and Clearshift" would help the acquisition's ability to provide "streamlined and cost-effective international payments" to the platform.

The acquisition comes after Agora's $34 million Series B fundraising round, led by UK-based investment company Aleph, Qumra Capital, and Insight Partners, closed last month.