Transcard
1010 Market Street Suite 400, Chattanooga, TN, 37402, USA
Overview
TransCard is a financial-technology company focused on account-based payment solutions for financial institutions, corporations, and hospitality properties. In addition to our technology platform, TransCard’s offering encompasses turnkey products, a robust suite of applications, access to hundreds of issuing sponsor banks, and supporting services. We are the only payments platform that provides consumer choice through our disbursement gateway.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 4
Sector focus
- B2B
- B2C
- Banking
- Data Visualization
- Financial Services
- FinTech
- Mobile
- Payments
Investment portfolio
- PayALL
Participated · Seed · Sep 2022
Payall is a Miami-based cross-border payments processor that builds white-label software, UI and APIs enabling regulated banks to offer international fund transfers. Its platform is designed to help clearing institutions “know their customer’s customer” and automate high-volume payouts. Recipients can receive funds to digital wallets, prepaid cards, or bank accounts, with the company targeting near-real-time delivery at lower cost than traditional bank products. Payall emphasizes compliance and protecting the safety and soundness of cross-border payments, a category framed as high risk by regulators. Founder Gary Palmer, a payments industry veteran, says the product is intended to be inclusive so banks can deliver money efficiently to anyone on the planet. Payall recently raised a $10M seed round and had previously secured $8.2M in pre-seed and SAFE financings.