What Truss does

Truss is a U.S.-based financial technology company, operating as MazumaGo Inc. (Delaware-incorporated, headquartered in San Francisco), that provides a construction-focused banking and payments platform for small and mid-sized contractors, home builders, remodelers, and specialty trade firms. The company targets the payment, cash flow, and reconciliation workflows specific to construction businesses, where checks, ACH delays, project-based cash management, and multi-vendor payment preferences create friction that general-purpose neobanks do not address. The core platform spans four product pillars: Get Paid (ACH and card receivables, including Tap to Pay on iOS and Android), Pay Subs & Vendors (payables via payment links, ACH direct deposit, or mailed checks), Charge Cards (unlimited physical and virtual cards with spend controls and 2% cash back as of May 2026), and Banking (FDIC-insured business checking with no monthly fees, no minimums, and up to $3M in pass-through FDIC coverage via Thread Bank's deposit sweep program).

Under the hood, Truss is a cloud-native fintech assembled from third-party infrastructure rather than proprietary rails. Banking and FDIC insurance are delivered through a banking-as-a-service partnership with Thread Bank, Member FDIC; card payments are processed by Stripe; the Truss Visa debit card is issued by Thread Bank under a Visa U.S.A. license; bank account linking uses Plaid; and accounting interoperability runs through a native QuickBooks Online integration with real-time bank feed, invoice sync, and two-way bill reconciliation. Ancillary services include Instant Withdrawals (push-to-card / same-day ACH at 1.5%), Balance Protection (conditional credit for ACH debits at 1.0%), a referral program, and a rewards/loyalty program. The company distributes primarily through self-serve product-led growth on web and mobile, supplemented by influencer marketing (Matt Risinger / Build Show Network) and a demo booking channel for larger accounts.

Truss monetizes exclusively on a transaction-fee model: 3.25% + $0.30 per card transaction, 1.5% on instant withdrawals, 1.0% on balance protection, plus platform fees and interchange float economics on card spend. Core banking, ACH transfers, and check printing are free. The company is venture-backed, Y Combinator-affiliated, and has raised approximately $8M cumulatively across multiple seed and pre-seed rounds, with a $3M round in April 2026. It recently opened an Armenia entity to support global hiring and continues to ship product at a quarterly cadence (Tap to Pay, 2% cash back, dashboard redesign, and a forthcoming Pay-Bills-with-Credit-Card feature).

Name

Truss

Legal name

MazumaGo Inc.

Website

https://trusspayments.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Truss is a U.S. fintech offering a construction-focused banking and payments platform for SMB contractors and builders, combining receivables, payables, charge cards, and FDIC-insured business checking through a Thread Bank BaaS partnership and Stripe processing.

Ownership category

akta.pro rank

Product category

Construction Fintech / Specialty Banking Platform

NAICS

Activities Related to Credit Intermediation (5223), Credit Intermediation and Related Activities (522)

SIC

Finance Services (6199), Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB)

akta.pro secondary industry

Payables & Disbursements (ACH/SEPA, wires, checks, virtual cards) (FSABAIAB)

Keywords

• Construction banking services
• Construction payment processing
• Business banking platform
• Construction fintech software
• Vendor payment automation

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Card Payment Processing: Truss charges 3.25% + $0.30 per transaction for credit card payments. This fee can be passed to customers or absorbed by the business. This is a primary revenue stream for the company.
2. Early Payment Availability - Instant Withdrawals: Customers can withdraw funds instantly via push-to-card or same-day ACH for a 1.5% fee of the disbursed amount. Provides expedited access to available balance.
3. Balance Protection: Conditional credit service allowing ACH debits to post successfully when insufficient settled balance exists. Charged at 1.0% of the conditionally credited amount.
4. Platform Fees: Fees charged to payors using certain payment methods. Platform Fees represent compensation for payment facilitation, processing, and disbursement services.
5. Card Rewards Redemption: While the rewards program earns points on card spending, Truss generates revenue from the float on unsettled balances and the spread between interchange fees earned and rewards paid out.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels7 records

Core offering

Truss operates a construction-focused financial platform that bundles business banking, receivables collection, payables management, and unlimited charge cards into a single product. Customers can accept ACH and card payments from project owners, pay subcontractors and vendors via payment links, ACH, or physical check, hold funds in an FDIC-insured business checking account (provided by Thread Bank), and spend on 2%-cash-back charge cards. QuickBooks Online syncing and Tap to Pay on iPhone extend the platform to bookkeeping and in-field card collection.

Product overview

Truss is a financial technology company offering a construction-focused banking and payment platform. The core product suite centers on Truss as the unified platform, supported by four primary product pillars: Get Paid (ACH and card receivables), Pay Subs & Vendors (payables/bill management), Charge Cards (unlimited business cards earning 2% back), and Banking (FDIC-insured business checking). These integrate with QuickBooks Online for accounting sync. The platform also offers ancillary services including Instant Withdrawals (expedited fund access), Balance Protection (overdraft coverage), the Rewards Program (points-based loyalty), and Tap to Pay (mobile contactless payments). The earlier MazumaGo-branded products (Cards, QuickBooks Integration) have been incorporated into the current Truss product family.

Differentiator

Problem solved

Functional benefit

Products and services

• Truss Platform
• Get Paid (Receivables Collection)
• Pay Subs & Vendors (Payables Management)
• Truss Charge Cards
• Truss Business Banking (Business Checking)

Quantifiable outcome

• Funds available instantly for card payments and instant withdrawals
• +2 more outcomes

Named customers5 records

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature7 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Thread BankcoreOthersThread Bank is Truss's partner bank providing FDIC-insured banking services. All Truss banking services including deposits, checking accounts, and the Truss Visa debit card are provided through Thread Bank, Member FDIC. Thread Bank participates in a deposit sweep program enabling up to $3,000,000 in FDIC insurance coverage for customer deposits.
• QuickBooks Online (Intuit)coreTechnology or IntegrationQuickBooks Online integration enables real-time bank feed synchronization, automatic transaction import, invoice syncing, and reconciliation. The integration allows construction businesses to connect their Truss accounts to QuickBooks for seamless accounting workflows. Truss offers both invoice sync and bank feed connections.
• VisacoreTechnology or IntegrationThe Truss Visa debit card is issued by Thread Bank pursuant to a license from Visa U.S.A. Inc. The card can be used anywhere Visa cards are accepted, providing customers with broad acceptance for their Truss charge cards.
• StripecoreTechnology or IntegrationStripe processes all credit card payments through Truss. Customers utilizing the credit card payment system are charged according to Stripe's Checkout Terms of Service and Privacy Policy.
• Matt Risinger / Build Show NetworkminorGTM or Marketing PartnerMatt Risinger is a prominent figure in the construction industry (host of Build Show Network) who serves as a customer advocate and influencer for Truss. His testimonial and customer story are featured prominently on Truss's marketing materials and website.

Scale indicators1 record

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• NorthOne: NorthOne is an SMB business banking and banking-as-a-service platform targeting small businesses with digital checking, debit cards, and payment tools. It shares Truss's BaaS delivery model and SMB banking focus, but is horizontal rather than construction-vertical.
• Ramp: Ramp provides corporate cards, spend management, and AP automation to SMBs and mid-market companies. It overlaps Truss's charge card and payables workflows and is a well-funded horizontal competitor that could expand into verticals like construction.
• Novo: Novo is a digital SMB banking platform built on a BaaS stack offering free business checking, invoicing, and payment tools. It mirrors Truss's BaaS-architecture and fee-free banking model targeting similar small business customers.
• Brex: Brex is a corporate card and spend management platform offering charge cards, banking, and bill pay to businesses. It overlaps with Truss's charge card and payables products at a broader scale, representing a well-capitalized potential horizontal competitor.
• Relay Financial: Relay Financial offers SMB banking with checking accounts, cards, and bill pay targeting small businesses. It mirrors Truss's freemium SMB banking model and card-based payment workflows, but is horizontal across SMB segments rather than construction-specialized.

Direct peers

• Payapps: Payapps is a construction progress payment and collaboration platform connecting general contractors, subcontractors, and project owners. It addresses overlapping payment management pain points for construction businesses, making it a direct vertical peer.
• Levelset (now part of Procore): Levelset provides payment management, lien waivers, and receivables workflows for construction businesses, including contractors and subs. It directly overlaps Truss's receivables/payables focus within the same construction vertical customer base.
• Rabbet: Rabbet is a construction finance platform that streamlines loan management, payments, and draws between lenders, builders, and developers. It is a direct vertical peer serving the same construction industry payment and cash-flow management pain points as Truss.
• Billd: Billd provides payment and financing solutions specifically for commercial and residential construction contractors. It is the most direct vertical competitor to Truss, addressing the same construction payment workflows (vendor payments, materials financing) with a similar SMB contractor customer base.

Emerging players

• Found: Found offers banking and tax tools for self-employed individuals and small businesses, with no monthly fees and a BaaS architecture similar to Truss. It targets an adjacent (self-employed/sole proprietor) segment that partially overlaps with solo contractors in Truss's customer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/truss_payments
• YouTubeyoutube.com/Truss-Payments
• Facebookfacebook.com/trusspayments
• LinkedInlinkedin.com/company/trusspayments
• Instagraminstagram.com/truss_payments

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds7 records

Investors14 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Truss