Funding

[Funding News] CA-based Torpago Secures $10Million in Series B Round Funding

Jun 7, 2024 | By Devin Jacobs

Torpago, a commercial credit card and spend management provider, secures $10million in series B round funding. Leading the round were EJF Ventures and Priority Tech Ventures, a division of Priority Technology Holdings, Inc.; other investors included BankTech Ventures and other current investors.

The company plans to continue growing its product line and utilise the money to improve implementation and compliance resources.

Under the direction of CEO Brent Jackson, Torpago provides end-to-end programme management, expense management software, and business credit cards under a white label for banks and credit unions.

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Its platform, which is built on a cutting-edge technological stack with native APIs, microservices, and online and mobile apps, makes it easier for businesses to adopt and use commercial credit card and expense management solutions.

About Torpago

Torpago was born from their founder and CEO’s vision of providing businesses with a seamless and effective corporate credit card and expense-tracking platform experience. Throughout the past few years, They have refined their platform and established partnerships with banks and credit unions to launch their white-label program.

California Funding Alert Series B funding Startup Funding Torpago