TriumphPay
12700 Park Central Drive, Suite 1700, Dallas, Texas, 75251, United States
Overview
TriumphPay is a carrier payment platform that connects brokers, shippers, factors and carriers through forward-thinking solutions that help each party successfully process, settle and manage carrier payments and drive growth. TriumphPay offers supply chain finance to brokers, allowing them to pay their carriers faster and drive carrier loyalty. TriumphPay provides the tools and services to increase automation, mitigate fraud, create back-office efficiency and improve the payment experience. TriumphPay is a division of TBK Bank, SSB, Member FDIC, and a member of the Triumph Bancorp, Inc. (Nasdaq: TBK) group. Triumph Bancorp is a financial holding company with a diversified line of community banking, national lending, and commercial finance products. TriumphPay is a product of Advance Business Capital, an operating subsidiary of TBK Bank, SSB (Member FDIC). It is headquartered in Dallas, Texas.
- Total investments
- 1
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 4
Sector focus
- Financial Services
- FinTech
- Logistics
- Payments
- Productivity Tools
- Supply Chain Management
Investment portfolio
- Trax Technologies
Led · Equity · Jun 2023
Trax Technologies, also referred to as Trax Group, Inc., delivers a cloud platform that audits, manages, and optimizes transportation spend for large shippers and logistics-focused enterprises. Its software aggregates freight invoices, validates charges, and offers analytics to drive cost savings and compliance. The company is deepening its product offering by integrating the TriumphPay payments network, which will let clients access streamlined, more secure payment capabilities directly within the Trax platform. Trax positions itself as a global leader in transportation spend management and freight audit, supporting shippers and carriers across multiple geographies. Former Trax president Josh Bouk has transitioned to TriumphPay, creating tighter operational alignment between the two businesses. While no specific revenue, customer, or user figures were disclosed, the partnership emphasizes Trax’s intent to expand its reach among enterprise shippers and enhance its end-to-end payment functionality.