Funding Details
- Awarder
- Inbox
- Date Award
- June 12, 2024
- Vertical
- Fintech
- Funding URL
- View Funding Page
- Valuation
-
$55,000,000
Company Info
- Traction
- Torpago initially had 2,000 small companies as customers before shifting focus to banks. They currently work with three banks and are onboarding six more over the next two quarters.
- Founders
- Brent Jackson
- Company Description
- Torpago is a commercial credit card and spend management provider that focuses on building technology for community banks. They offer a product called Torpago Powered By, which allows regional and community banks to launch their own branded cards and spend management programs using Torpago's tools and infrastructure. This approach positions Torpago as a partner to banks, providing them with branded software that integrates with accounting systems and offers virtual and physical card issuance.
- Coinvestors
- Priority Tech Ventures, EJF Ventures, BankTech Ventures
Links