Transparent Systems emerged from Vulcan in 2018 and has developed a blockchain‑secured platform for real‑time, business‑to‑business payments. The company finished beta testing its payment product three months before the announcement and plans to share more about its work in the coming months. Its initial target customers are U.S. financial institutions, with a goal of replacing slower, costlier rails like ACH. Transparent Systems is not focused on consumer payment tools today, though executives said real‑time consumer payments present future opportunities. The company argues that distributed‑ledger technology can minimize financial risks associated with instant settlements, while noting industry trials have shown mixed results. The startup is a 25‑person team based in Seattle.

Total raised

$14M

Funding rounds

1

Latest round

Series A

Latest activity

Feb 2020