LoneTree Capital-backed DocuPhase to acquire Clearwater Payments.

LoneTree Capital-backed DocuPhase, a complete low-code/no-code browser-based platform, agreed to acquire Clearwater Payments, a cloud-based electronic billing and payment solutions provider. Financial terms were not disclosed. "We are extremely excited about our partnership with DocuPhase and LoneTree. When we founded Clearwater, our primary objective was to provide our clients with best-of-class electronic bill payment products and services. This partnership allows us to not only continue that objective, but also enhances and improves our client experience with the addition of DocuPhase's process automation and document management platform. This creates a payments hub, managing both receivables and payables. That is a powerful offering for our clients," David Kesler, Clearwater Payments CEO.