# Torpago

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/torpago

- Industry: Financial Services
- Headquarters: San Mateo, US
- Website: www.torpago.com
- Total disclosed funding: $17M
- Latest round: Series B (Mar 28, 2024)
- Investors on record: 7

## About

Based in California, US, and founded in 2019 by Brent Jackson, Torpago, Inc., aka Torpago operates as a financial technology company that provides corporate credit card and expense management services. In June 2024, Torpago, Inc. raised USD 10 million in series B funding co-led by new investors Priority Tech Ventures and EJF Ventures, with participation from another new investor BankTech Ventures. Other unspecified investors also participated in the round. Torpago provides corporate cards to control the spending on cards by restricting merchant categories and limiting the number of transactions made in a day as well as it offers a virtual card for recurring online transactions such as software subscriptions. In addition, the business offers accounting integration services for quickbooks, netSuite, and various other tools that enable the systems to do auto-reconciliation, run real-time data feeds, and establish custom logic for expense and approval procedures. The company also offer banking solution, such as spend management tools, real-time integration tools, fraud detection system, and more.

## Funding rounds

- Series B, Mar 28, 2024, $10M — EJF Capital, Priority Technology Holdings, Inc., BankTech Ventures
- Series A, Feb 28, 2023, $4.1M — EJF Capital, Assurant Growth Investing, BankTech Ventures
- Seed, Oct 1, 2021, $2.5M — Index Ventures, Operate, Clear Haven

## Investors

- Index Ventures (https://capitalatlas.ai/funds/index-ventures) — Seed
- Operate (https://capitalatlas.ai/funds/operate) — Seed
- Clear Haven — Seed
- EJF Capital (https://capitalatlas.ai/funds/ejf-capital) — Series A, Series B
- Assurant Growth Investing (https://capitalatlas.ai/funds/assurant-growth-investing) — Series A
- BankTech Ventures (https://capitalatlas.ai/funds/banktech-ventures) — Series A, Series B
- Priority Technology Holdings, Inc. — Series B