Torpago, a San Mateo, CA-based industrial bank card and spend administration supplier, primarily based $10M in Collection B funding.
The spherical was led by Precedence Tech Ventures, a division of Precedence Know-how Holdings, Inc., and EJF Ventures, with participation from BankTech Ventures and different current buyers.
The corporate intends to make use of the funds to reinforce implementation and compliance sources whereas persevering with to increase its product suite.
Led by CEO Brent Jackson, Torpago equips banks and credit score unions with white-labeled enterprise bank cards, expense administration software program, and end-to-end program administration. Constructed on a contemporary know-how stack that includes net and cellular apps, native APIs and microservices, its platform facilitates the adoption and deployment of enterprise bank card and expense administration merchandise.
FinSMEs
07/06/2024
